Finance

Cybersecurity analytics startup CYFIRMA gets Series A funding to support expansion

CYFIRMA, a cybersecurity analytics platform that seeks to address the need for advanced threat intelligence and predictive capabilities to help businesses strengthen their risk and security posture, has raised a Series A funding from India-based early-growth private equity fund Z3Partners.

With the new funding, CYFIRMA plans to expand into markets across Asia, including India, and the US. The funds will also be used to support the development roadmap of CYFIRMA’s cyber- intelligence analytics platform.

Headquartered in Singapore and Tokyo, CYFIRMA has just separated its operation from Antuit Group in October 2019.

“CYFIRMA was born out of the urgent need to help business leaders decipher relevant and critical threats in a sea of noise, so that decisive actions can be taken to prevent massive brand and financial damages. We rely on our way of looking at cyber threat analytics, gathering intelligence across deep and dark web as well as surface web to unravel motivations of threat actors and stop cyber-attack,” said Ritesh Kumar, Founder and CEO of CYFIRMA.

Also Read: Cybersecurity in the age of information warfare and IoT

Z3Partners officially joins Goldman Sachs and Zodius Capital as a shareholder of CYFIRMA with this investment. To date, the company has raised US$8 million including the current round.

Business

Facebook joins Sequoia India’s Surge in launching the fourth edition of VC Brand Incubator

Facebook reportedly has joined forces with Surge, Sequoia Capital India’s accelerator programme, to launch the fourth instalment of the VC Brand Incubator in India, DealStreetAsia has learned.

The VC Brand Incubator is aimed to help brands gain more insights into leveraging the Facebook family of apps for growth.

VC Brand Incubator was first established in June 2019 by Facebook to support India’s small and medium businesses and provide access for collaboration with venture capital funds. For its first, second, and third editions, the social media behemoth worked with Sauce.VC, Fireside Ventures, and SAIF Partners – claiming to have mentored more than 70 brands.

Also Read: Meet the 8 Southeast Asian startups who will receive US$1-2M each from Sequoia’s Surge programme

Besides VC Brand Incubator, Facebook also launched two other support programmes in the country: Facebook Digital Training that offers social and content marketing training for free, and Facebook Startup Training Hub to help businesses go digital.

Started in 2019, Surge said it has invested between US$1-2 million in selected startups from its two cohorts of 37 startups consisting of six countries in South and Southeast Asia.

–

Image Credit: Kaur Kristjan on Unsplash

The post Afternoon News Roundup: Cyber-threat analytics platform CYFIRMA secures Series A funding from Z3Partners appeared first on e27.