Horangi raises $20 million for cybersecurity offering
Singapore-based cybersecurity company Horangi announced a $20 million Series B round led by Southeast Asian private equity firm, Provident Growth, which has funded companies like Indonesian ride-hailing platform GoJek and travel e-commerce Traveloka. Other participants include Singapore’s Monk’s Hill Ventures, Australian venture capital firm Right Click Capital, and Southeast Asia’s leading venture debt fund, Genesis Alternative Ventures. This round brings Horangi’s total funding to $23.1 million following its Series A which took place in November 2017.
Since its launch in 2016 by former Palantir cybersecurity experts Paul Hadjy and Lee Sult, Horangi has worked with over 200 customers, including Gojek, Ninja Van, Shopback, Tiket and Property Guru, to provide cybersecurity solutions.
Horangi’s cloud security product – Warden – protects organizations using public cloud infrastructure from critical security threats and compliance violations in the cloud. Warden is featured on the AWS Marketplace and Horangi is a Select tier partner in the Amazon Web Services Partner Network. Horangi’s services, which include Penetration Testing and vCISO, empower organizations of all sizes to stay ahead of the most sophisticated cyber threats. Horangi recently announced that it became Tokio Marine Insurance Singapore’s (TMiS) first cybersecurity partner in the Asia-Pacific region.
Horangi will use the funds to support its expansion plan in Southeast Asia and to double its staff.
“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.” – Horangi CEO and co-founder, Paul Hadjy.