IDG Ventures, Axilor invest $600K in InfiSecure

23 November, 2016

Mumbai-based InfiSecure, a real-time bot detection and protection platform, has raised $600,000 (Rs 4.1 crore) in seed funding from IDG Ventures and Axilor Ventures.

The company plans to invest the capital on research and global business development. It will also invest on technology innovation to cover more aspects of website protection, the company said in a statement.

InfiSecure offers a software-as-a-service (SaaS) solution to sanitize a website’s traffic and improve business metrics. It protects online businesses from scraping, bot abuse, fake traffic fraud, content theft, form spam and other online frauds that are caused by bots.

Owned and operated by InfiSecure Technologies Inc., the company was founded in December 2015 by Abhilash Pandey and Sandeep Singh. Pandey had worked with Microsoft and Facebook in the past while Singh was associated with People10 Technologies, Microsoft and NASSCOM before launching InfiSecure.

“With evolving technologies, bot frauds have reached new heights, negatively impacting every online business in more ways than ever before. We help businesses keep their websites secured so that they can focus on their core businesses,” said Pandey.

Ganapathy Venugopal, co-founder and CEO of Axilor, said demand for cybersecurity solutions is on the rise among online businesses to protect them from growing bot traffic. “The InfiSecure team is well placed to solve this problem.” 

InfiSecure joins another bot protection platform ShieldSquare in raising funds. ShieldSquare had in August mobilised an undisclosed amount from Aaruha Technology Fund, a new fund launched by StartupXseed Ventures LLP, a seed-stage venture investment firm led by former bureaucrat BV Naidu.

ShieldSquare had raised $350,000 from a group of angel investors including Redbus co-founder Phanindra Sama and Freshdesk co-founder Girish Mathrubootham in October 2014.

Like this report? Sign up for our daily newsletter to get our top reports.


Leave Your Comment
IDG Ventures, Unilever Ventures, Amazon arm to jointly fund tech startups

IDG Ventures, Unilever Ventures, Amazon arm to jointly fund tech startups

Binu Paul 3 months ago
Venture capital firm IDG Ventures India has tied up with Unilever Ventures and Amazon Internet Services Pvt. Ltd to jointly invest in startups in the...
IDG Ventures and Axilor Ventures partner to fund frontier tech startups

IDG Ventures and Axilor Ventures partner to fund frontier tech startups

Vijayakumar Pitchiah 6 months ago
India-focused technology venture capital fund IDG Ventures India and Bangalore-based startup accelerator Axilor Ventures have come together to launch a programme to discover and fund...
SaaS firm Cloudcherry raises $1M seed funding from Chennai Angels, IDG

SaaS firm Cloudcherry raises $1M seed funding from Chennai Angels, IDG

Bhawna Gupta 2 years ago
Chennai-based software as a service firm Cloudcherry Analytics Pvt Ltd has raised over Rs 6 crore (around $1 million) in seed funding from The Chennai...
No Comments

IDG Ventures, Axilor invest $600K in InfiSecure

Powered by WordPress.com VIP