The company plans to utilize the funds in strengthening its existing product portfolio and targeting a consolidated revenue of USD $30 Mn and above by the end of 2024.
Gurugram, Aug 2021: SecLogic – the first-ever CSPM++ (Cloud Security Posture Management & Identity Governance) and Organization Risk Orchestration startup based in the US/India has recently secured Pre-Seed funding from Spanache.vc as the lead investor and India Accelerator- one of the fastest growing Accelerators in Asia, and the only GAN backed institution in India. Incepted in late 2020, the startup developing cloud security & organization risk orchestration products to aid organizations in achieving a secure digital landscape.
Security in the cloud era has emerged as a priority. The misconfiguration, policy violations and ungoverned identities are responsible for successful cloud breaches. The lack of proper security controls on cloud infrastructure can lead to several hazards including data breaches, compliance violations, identity theft, diminished customer trust and potential revenue loss. Globally, Cloud has emerged as a thrust for enterprises digital transformation across sectors and hence to create a secure cloud infrastructure, SecLogic has undertaken the step to democratize the cyber security adoption roadmap for CXOs.
Delighted with the fundraising, Mayank Lau of SecLogic said, “We are delighted to have completed this round of funding. It will help us seize the big market opportunity globally by architecting, deploying and securely managing the enterprise security environment. Additionally, we plan to expand our product portfolio that provides the most accurate insight of risk exposure & mitigation in the industry.”
Pankaj Mittal, Lead Investor and technology advisor of Spanache.vc said, “The unique proposition of building CSPM++ and ORO products is based on a huge market base and demand globally. SecLogic is with a first mover advantage and background of the core team interested us to invest in them”
Commenting on the investment, Mona Singh, Co-Founder of IA said, “SecLogic is a fantastic example of centralized visibility and transparency of cloud infrastructure. With an increased number of companies shifting to cloud infrastructure, cloud breaches are continuing to grow and affect an organization’s digital systems. Our decision to invest in SecLogic moves in the direction of helping companies create a safe and secure digital landscape.”
As per a recent Logic Monitor’s Cloud Vision in 2020, nearly 83 percent of enterprise workload will be on the cloud by 2020. Combining the best of machine intelligence and human cyber offensive expertise, SecLogic’s CyberQ performs threat and vulnerability management, incident management, and security operations automation using ML & AI and provides the {real} time risk posture. Furthermore, SecLogic has developed two flagship products – CyberQ SHIELD (Cloud Security Posture Management & Identity governance) and CyberQ ORO (Organization Risk Orchestration).
Certified by CIS (Center for Internet Security) at an early stage, CyberQ SHIELD i.e. CSPM++ is one of its kind platforms that provides a combination of identities – Human and Machines in the cloud and assesses a multi-cloud posture through a single control pane. The solution is tailored specifically for cloud environments to provide configuration hardening, data protection, identity access management and cloud visibility and discrepancy detections. In addition to this, solution encompasses - Contextually Assessment, Detect & Remediation of vulnerabilities, Hyper automation for plugging security holes, Compliance check against global standards & benchmarks like CIS, NIST, CCM, GDPR, PCI etc. and Zero Trust Access through least privilege roles/permissions.
On the other hand, CyberQ ORO is designed to evaluate an organization’s risk encompassing employee attack surface, domain exposure, technology and compliance.
SecLogic plans to utilize the funds involving evolving as an ubiquitous solution provider covering the entire threat landscape of an organization. It is looking to channelize the funds for onboarding customers, stakeholders and employees as partners.
Advertisements