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Netmonastery raises funds from Mr. Sharad Sanghi of NTT-Netmagic

NETMONASTERY NSPL,has raised an undisclosed Pre-series A round from Sharad Sanghi, CEO, NTT-Netmagic in his personal capacity. The funding will be used to increase NETMONASTERY’s market presence.

With over 25 years of extensive experience in developing Internet backbone infrastructure and providing Internet services, Sharad Sanghi exemplifies what it takes to be a successful business leader. As a pioneer in the Indian cloud computing and data center space, Sharad founded Netmagic Solutions in 1998 which was later acquired by NTT, a Fortune 500 company. He also serves as the Chairman of the Data Center Council of the Confederation of Indian Industry (CII).

NETMONASTERY delivers through its product DNIF HyperScale SIEM, a single window cybersecurity solution designed for enterprise Security Operations Centers (SOC) that includes a combination of a SIEM, User and Entity Behaviour Analytics (UEBA) and Security Orchestration, Automation and Response (SOAR). The product promises pioneering threat attribution using subjective machine intelligence and detects multi-stage threats without human arbitration. DNIF is part of the cybersecurity nerve center for leaders in finance, banking, government, media, manufacturing and electronic commerce.

“The cybersecurity market in India is slated to grow to USD 3.05 billion by 2022. Although this is big, given the recent outrage of cybercrimes and attacks, there is a pressing need for improved cyber resilience through technologies providing better visibility into the threat landscape. For more research on core technologies and building capabilities, there is a need for companies that have the vision to change existing paradigm and lead cyber tech innovation. I see that in NETMONASTERY whose enterprise-grade DNIF HyperScale SIEM with strong analytic capabilities is a definite game-changer. This strategic investment in my personal capacity is an attempt at securing the digital infrastructure in India and a step towards my vision of partnering with such companies and mentor them to strengthen the ecosystem,” said Sharad Sanghi.

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