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Cybersecurity startup Securden raises $10.5M led by Tiger Global

Securden

Securden, an IT security startup based in Delaware and Chennai, announced on Wednesday that it had raised $10.5 million in a Series A fundraising round headed by Tiger Global. Together Fund, which focuses on software-as-a-service (SaaS), and Accel, a returning investor, also invested in the round.

During Securden’s seed round of $1.2 million in July 2020, Freshworks CEO Girish Mathrubootham and Manav Garg, Founder of Eka1.com — who co-founded Together Fund with others — were among the early investors.

The funds will be used to expand Securden’s research and development, sales, and marketing operations. The funds will also be used to increase the company’s product line, build its worldwide staff, and speed senior hires, according to a statement.

“Access security today is siloed, complex, and broken. Organisations have to deploy multiple point products and security tools, which lead to multiple configurations, numerous training and consultancy sessions, and significant spending,” said Bala Venkataramani, CEO of Securden Inc, in a statement.

He added, “The siloed approach often leaves them vulnerable to breaches and attacks. Securden vastly simplifies access security with one platform offering holistic, organisation-wide protection across environments; automated, just-in-time, just enough zero-trust access; and analytics-driven security ensuring 360-degree visibility — all at point-and-click simplicity.”

Securden counts North America as its primary market, with a 45 percent customer base, followed by Europe and the UK at 40 percent. While the startup did not disclose its revenue figures, it is split equally between enterprise customers and SMB plus mid-market segments.

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