Cyber SecurityNews

SecurWeave raises INR 2.8 Cr in seed round led by IAN

Dr. Prem Chand, CEO, and Co-Founder of SecurWeave
Dr. Prem Chand, CEO, and Co-Founder of SecurWeave

The INR 2.8 Cr raised through seed funding round will help in SecurWeave’s global expansion.

SecurWeave, an innovative cybersecurity start-up that develops cutting-edge cybersecurity  solutions has announced the successful closure of its seed funding round, securing an impressive INR 2.8 crores. The round was led by Indian Angel Network (IAN), with prominent investors including Romesh Sobti, Uday Chatterjee, Nagendra P Bandaru, and Prakash actively participating.

“We are grateful for the support from IAN and our investors, enabling us to fortify our position as leaders in the global cybersecurity landscape.”

Dr. Prem Chand, CEO, and Co-Founder of SecurWeave

SecurWeave focuses on building cybersecurity platforms unlike conventional solutions, to address  growing challenges posed by advanced malware attacks. The company, which has already provided cybersecurity solutions to both private and defense sectors in India, is now looking to make global forays.

The start-up operates from prestigious workspaces, including the IITMIC, IITM Pravartak Technology Innovation Hub and NCoE, DSCI, Noida, NCR, reflecting its commitment to pioneering cybersecurity development.

SecurWeave claims to be the first company to introduce technology capable of detecting advanced malware, offering a dual-use solution applicable to both civil and military applications.

Dr. Prem Chand, CEO, and Co-Founder at SecurWeave, said, “This funding marks a crucial step in our journey to create robust solutions against advanced cyber threats. We are grateful for the support from IAN and our investors, enabling us to fortify our position as leaders in the global cybersecurity landscape.”

Padmaja Ruparel, co-founder at Indian Angel Network (IAN), commended SecurWeave’s innovative cybersecurity technology, stating, “SecurWeave’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.”

SecurWeave’s successful seed round sets the stage for the company to further develop and deploy its innovative solutions to secure and fortify critical infrastructure globally.

 

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