TechCircle 24 April 2013
Mumbai-based Seclore Technology Pvt Ltd, which provides information security products to enterprises, has raised $6 million (Rs 32.5 crore) in its series A funding from Helion Venture Partners and Ventureast Proactive Fund, a top executive of the company told Techcircle.in.
As part of the deal, Helion MD Rahul Chandra and Ventureast’s general partner Raghuveer Medhu will join the board of the company.
A major chunk of the money will be used for global expansion while the rest will be utilised to expand the technology team.
Set up in 2008 by IIT Bombay alumnus Vishal Gupta (CEO) and IIT Kharagpur alumnus Abhijit Tannu (CTO), Seclore operates in areas like information rights management and secure outsourcing. It provides security, privacy and compliance solutions to organisations operating in the fields of cloud computing, BYOD (bring-your-own-device) and external collaboration.
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