Cybersecurity startup backed by East Ventures, Indonesian-based cybersecurity as a service startup, has raised funding in a round led by East Ventures.

Magic Fund also participated in the round. was co-founded by David Samuel (chief executive officer), the former co-founder and chief technology officer of, and Deden Gobel (chief technology officer), the former Cybersecurity Head of

Cyber-attacks and data breaches can lead to severe consequences for businesses and individuals, including the loss of sensitive information, financial damage, and reputational harm.

Through providing services such as a bounty platform powered by ethical hackers, ongoing monitoring and protection of networks, systems, and data, as well as incident response and recovery services, helps businesses and individuals strengthen their cybersecurity.

The company has also created a robust innovation in its product by integrating artificial intelligence and machine learning capabilities to augment human efforts in securing IT infrastructures. said this allows more efficient and effective protection against attacks, as the system can continuously learn and adapt to new threats. T

he usage of AI and machine learning enables the analysis and interpretation of a large amount of data, providing insights and recommendations that would not be possible through manual efforts alone. said it will allocate the capital mainly to further build and enhance its cybersecurity platform, train machine learning and AI capabilities, and nurture the ethical hacker community.

David Samuel, co-founder and chief executive officer of, said, “We are glad to receive this funding in supporting our mission to provide a comprehensive solution to protect every organization from cyber attacks. With constantly evolving cybersecurity threats and how there has been a significant increase in reliance on technology and connected devices, the potential for cyber attacks is more significant than ever. We believe is at the forefront in providing the right data protection solutions for every business and individual.”

Earlier this month, Singapore-based cybersecurity company Blackpanda raised $15m for its Series A, which was co-led by Primavera Venture Partners and Gaw Capital Partners.

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