Horangi, a Singapore-based cybersecurity company, has collected $20m in its Series B round which was led by private equity firm Provident Growth.
Other contributions came from Monk’s Hill Ventures, Right Click Capital and Genesis Alternative Ventures. With the close of the round, the cybersecurity company has raised a total of $23.1m.
These fresh funds will help the continue its expansion efforts across Southeast Asia. The company will also enhance its cloud security platform Warden, integrating AI and machine learning technologies to help organisations stay ahead of advanced threats.
Furthermore, the company will double the staff head count and bolster its presence in Singapore and Indonesia.
Horangi offers the Warden solution which protects organisations using public cloud infrastructure from critical security threats and compliance violations. Its services include penetration testing, spear phishing ad cybersecurity assessment.
Horangi CEO and Co-Founder Paul Hadjy said, “Southeast Asia is one of the fastest-growing economies and digitizing rapidly, but due to the shortage of security expertise in the region, organizations are increasingly turning to security experts like Horangi. This is especially prevalent in Indonesia, where we have been focused on since 2016. Having a strong team, local insights and technology capabilities allow us to partner with strategic investors to help propel our next growth stage.”
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