Securden, an IT security firm has raised $10.5 million in a Series A funding round which was led by Tiger Global. Software-as-a-Service (SaaS) focused Together Fund and returning investor Accel also participated in the round.
Securden is planning to utilize the capital in following ways like:
- To scale its R&D, sales, and marketing operations,
- To grow its global team,
- Accelerate executive hiring, and
- Expand its product portfolio.
Securden was founded by Bala Venkataramani and Kumaran Balan in the year 2017. Securden facilitates access security and governance platforms for IT services, DevOps, and cloud environments. The startup helps small and medium businesses, large enterprises, and Fortune 500 companies.
Securden took North America as its primary market, with a 45% of customer base. While the startup did not mention its revenue figures, it is equally divided between enterprise customers and SMB.
The startup has 30-member in its team in India, which has a motive to grow by 3 times over the year across fields, including engineering, sales and marketing, customer support, and HR.
EXECUTIVE OPINION:
“Access security today is siloed, complex, and broken. Organizations have to deploy multiple point products and security tools, which lead to multiple configurations, numerous training and consultancy sessions, and significant spending,” said Bala Venkataramani, CEO of Securden Inc.
He added, “The siloed approach often leaves them vulnerable to breaches and attacks. Securden vastly simplifies access security with one platform offering holistic, organization-wide protection across environments; automated, just-in-time, just enough zero-trust access; and analytics-driven security ensuring 360-degree visibility — all at point-and-click simplicity.”
