Singapore, November 6th, 2017 - Horangi Cybersecurity, a Singapore-based cybersecurity startup, announced today that it has closed a US$3.1m Series A Round led by Monk’s Hill Ventures, with participation from Right Click Capital, 500 Startups, Hub Ventures Fund, 6Degrees Ventures, and private investors.
Co-founded by two Palantir alumni, Horangi builds security products that enable the rapid delivery of incident response and threat detection for customers who lack the scale, expertise, or time to do it themselves. The company’s core products, comprising of Scanner, Hunter, and Storyfier, integrate seamlessly to provide customers with a full-stack cybersecurity solution previously available only to Fortune 500 companies. With plans starting at $50/month, customers can easily scan and detect security vulnerabilities through Horangi’s platform, and conveniently access Horangi’s in-house cyber operations consultants with a single click.
Started in early 2016, Horangi now has over 50 clients across sectors such as government, technology, financial services and retail. The majority of its clients are from the APAC region, where Horangi will focus its growth efforts for the near future. There has also been inbound interest from US MNCs with presence and operations in Asia, who chose Horangi as their security provider locally due to its expertise across these foreign markets.
The funds raised will go towards improving Horangi’s proprietary technologies, scaling business operations, and accelerating expansion in key Asian markets. These efforts are strengthened by the appointment of Peng T. Ong and Kuo-Yi Lim, seasoned entrepreneurs who have built and backed global companies in the US and Asia, to the Board of Directors. "Cybersecurity is a growing concern for companies in this region. Online attacks are increasing in frequency and sophistication, while reliance on online services has also grown. Horangi brings a level of expertise and much needed capability in its products to the market, particularly in Asia where this is lacking. The team's extensive experiences put them in a strong position to help companies protect their online presence and data," said Kuo-Yi.
“As cyber threats become increasingly complex, businesses require proactive solutions to safeguard their digital environments,” said Paul Hadjy, co-founder and CEO of Horangi. “Our vision is to provide an affordable full-stack cybersecurity solution for our users globally, allowing them to quickly understand and deploy the right course of action.”