Monday, December 04, 2023
Outlook India
Outlook Business

Cybersecurity Start-Up SecurWeave Raises Rs 2.8 Crore In Seed Round Led By IAN

SecurWeave is focused on building cybersecurity platforms that can stop advanced malware attacks

Cybersecurity Start-Up SecurWeave Raises Rs 2.8 Crore In Seed Round Led By IAN
Founder of SecurWeave
POSTED ON November 14, 2023 1:46 PM

SecurWeave, an innovative cybersecurity start-up, raises a seed round of Rs 2.8 crores, led by IAN. IAN investors such as Romesh Sobti, Uday Chatterjee, Nagendra P Bandaru, and Prakash, were active participants in this funding round.  

The start-up is committed to constructing cyber security platforms capable of thwarting advanced malware attacks, a challenge that conventional security solutions struggle to address. Having successfully implemented its solutions in the private and defense sectors in India, the company is now aiming for global expansion. The company's workspaces are incubated at esteemed institutions like IITM Technology Innovation Hub Pravartak and NCoE, DSCI, Noida, NCR, reflecting its dedication to cutting-edge cybersecurity development. 

Dr. Prem Chand, CEO, and co-founder of SecurWeave, added, "We are grateful for the support from IAN and our investors, enabling us to fortify our position as leaders in the global cybersecurity landscape. Our commitment extends beyond the conventional, and with this strategic backing, we are empowered to continue pushing the boundaries of cybersecurity innovation."  

Padmaja Ruparel, a co-founder at Indian Angel Network (IAN), says, "SecurWeave's inventive cybersecurity technology brings critical risk mitigation to one of the world’s highest risks i.e. Cyber risks. Secureweave’s strategy and team are well poised to build a substantial business within the cybersecurity sector, and IAN is looking forward to handholding and guiding this excellent young team."  

IAN Group, the largest platform for seed and early-stage investment platform with IAN Angel Group, BioAngels, and IAN Fund I, the first in the series of VC Fund enabling entrepreneurs to raise from Rs. 50 lakhs to Rs. 50 crores from quality investors who provide funds, mentoring, and global market access. The platform is sector-agnostic and has funded innovative start-ups across 19 sectors in India and 7 other countries, thereby growing the global footprint of companies.  

  • Related Articles

    Motwani Jadeja Foundation’s founder Asha Jadeja will spearhead this partnership on behalf of the foundation by sponsoring and supporting five TiE women participants to Silicon Valley

    Motwani Jadeja Foundation and TiE Women Forge Transformative Three-Year Partnership

    Backed by this capital infusion, it hopes to increase its bed capacity to 2300 by 2027

    Regency Health Bags Rs 450 Crore In Investment from Norwest Venture Partners

    The AI Venture Factory is also looking to incubate 15 start-ups by FY 2024

    Tamil Nadu Minister For MSME Launches AI Venture Factory