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Data security solutions provider Induz raised $780K in a funding round led by YourNest Venture Capital to accelerate product development and achieve critical security certifications.

PRIVATENov 05, 2024

Amount Raised

$780,000

Round Type

Seed

HyderabadInformation TechnologySecurityCyber SecurityNetwork Security

Investors

SanchiConnectYourNest Venture Capital

Description

Induz has secured $780,000 in a funding round led by YourNest Venture Capital. The funds will be used to accelerate product development and obtain essential security certifications.

Quick answer

Induz raised $780,000 in a Seed round, dated November 5, 2024. Investors: SanchiConnect and YourNest Venture Capital. Induz is based in Hyderabad, Telangana, India.

How much did Induz raise?
Induz raised $780,000 in a Seed round on November 5, 2024.
Who invested in Induz?
SanchiConnect and YourNest Venture Capital are named as investors in this round.
What does Induz do?
Induz is a data security solutions provider co-founded in 2023 by Tirumalesh Chalamarla and Sreerama Mohan Gadam.
Where is Induz based and how big is it?
Induz is based in Hyderabad, Telangana, India.
Who are the decision-makers at Induz?
Fundz holds 1 contact at Induz. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Security and Cyber Security around the same time

Companies in the same sectors as Induz that raised within 45 days of this round, from Fundz verified event records.

  • Vault Cloud raised $23M (Series B) on December 20, 2024.
  • ETHIACK raised $4.2M (Seed) on December 12, 2024.
  • Tuskira raised $29M (Funding Round) on December 4, 2024.
  • AI Spera raised $9M on November 26, 2024.
  • Twine Security raised $12M (Seed) on November 25, 2024.
  • Replica Cyber raised $8M (Series A) on November 21, 2024.

Who to call at Induz, and when

A new round usually means Induz is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Induz raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Induz, from your own LinkedIn network

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Company Information

Company

Induz

Location

Hyderabad, Telangana, India

About

Induz is a data security solutions provider co-founded in 2023 by Tirumalesh Chalamarla and Sreerama Mohan Gadam. The company focuses on enhancing its offerings through key certifications and developing proprietary hardware roots of trust. Induz aims to deliver a comprehensive suite of data security services tailored for industries such as insurance, FinTech, banking, and government sectors. The firm emphasizes a seamless approach to data security, empowering enterprises to control and protect sensitive information across various cloud infrastructures.

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