Indusface secured $5 Million in Funding from Tata Capital Growth Fund III

Indusface, a Bangalore based security Software-as-a-Service (SaaS) startup, protecting web and mobile applications, has now secured $5 million in funding.

The funding was backed by the Tata Capital Growth Fund III. Post funding, Pramod Ahuja, the Managing Partner at Tata Capital Growth III, will going to join as the Indusface, Board of Directors.

Indusface is founded by the Ashish Tandon in the year 2004; it offers a SaaS-based application security platform that allows organizations to protect their mobile and web applications. The cloud-based security platform is built with the help of a proprietary Web Application Security Scanner and a dynamic web Application Firewall.

Executive Opinion

Managing Partner, Tata Capital Growth Fund, Akhil Awasthi, said, "TCGF II is excited to support Indusface and its top-notch team led by Ashish in their growth plans. We believe that the cybersecurity market will continue to see significant growth as securing digital assets becomes a priority with the increased salience of digital business processes and the consequent reliance on a trusted ‘digital assurance’ provider like Indusface."

Founder and CEO of Indusface, Ashish Tandon, said, "In this rapidly changing scenario, as more and more businesses accelerate the digitization of their operations via web applications, cloud-based managed application security solutions like ours are projected to be in huge demand. We are delighted to partner with a trusted brand like the Tata Capital Growth Fund and look forward to leveraging their global outreach and expertise in executing our growth plans rapidly."

Indusface's Latest Funding

The company, as of now, has plans to use the new funds to scale global customer acquisition and product innovation plans.
Indusface has its offices across four locations in India and offers application security to more than 2000 active customers across the globe.

Some of its clients include Edelweiss, Avis, Qwikcilver, IndusInd Bank, and Future Group.