Spanugo raises money from Ideaspring Capital and The Fabric

Must Read

Sanju Samson to replace Shikhar Dhawan in T20 series against WI

Sanju Samson will replace injured Indian opener Shikhar Dhawan in the T20s series against West Indies starting from next...

Supreme Court lashes out on Centre & Delhi govts for Rising Pollution

The Apex Court of the Country, the Supreme Court on Monday lashed the Central and State Government for their...

Harbhajan Singh wishes BCCI Prez Sourav Ganguly to change Selection Panel

The Indian off-spinner Harbhajan Singh on Monday urged Sourav Ganguly, President of BCCI (The Board of Control for Cricket...

Chennai and Silicon Valley-based Spanugo has raised money from the early-stage startup investment firm Ideaspring Capital and Silicon Valley-based pre-series A foundry and accelerator, The Fabric along with a few angel investors. The amount raised is yet to be disclosed. The funds raised will be used by the company to market and acquire development talent.

Spanugo provides SaaS-enabled security solutions to its clients to improve the overall security infrastructure. It was founded by Doss Karan and Vaidhyanathan R in 2017. The security solutions designed by the company are agile and it has used the cloud and SaaS to deliver automated solutions for the clients.

Doss Karan, Chief Executive Officer, Spanugo, said, “As the Chief Information Security Officer (CISO), your job is to make sure that your IT assets are safe from an external breach. You also need to comply with various requirements and standards. The only way to do this was an audit, but it is manual. We are automating validation,”.

Ideaspring Capital, an investor in Spanugo is a 125 crore early-stage fund that was launched by Naganand DoraswamyPrashant Deshpande, and Arihant Patni in April 2016. It is focused on funding startups in the field of deep learning, artificial intelligence, internet of things, augmented reality, virtual reality along with big data analytics.

A few startups in its portfolio include Zapty, an online project management tool, Peritus, an AI-based startup along with augmented reality-based startup, Whodat.

Another Spanugo investor, The Fabric, a Silicon Valley-based accelerator was founded by Rajan Raghavan, Prabakar Sundarrajan, and Sumant Mandal in 2012. It is focused on funding and helping startups in the cloud and the internet of things space.

Along with Spanugo, other startups in its portfolio include, IoTium, an internet of things based startup, Pensa, a network service delivery platform, and appcito, a cloud application delivery startup among many others.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Disney to make a spin-off of ‘Aladdin’ character Prince Anders

The Walt Disney Studio is developing a spin-off from one of its live-action remakes, marking it for the first...

President Kovind: Judicial process beyond reach of poor

President Ram Nath Kovind on Saturday, showing his concern over certain section of people's access to justice, said that the judicial process has gone...

Facebook is testing screen sharing over video call in Facebook Messenger

Screen Recording can be really life-saving when there is a video that can not be shared. You just have to start the screen recording...

Rajkummar Rao and Nushrat Bharucha starrer ‘Turram Khan’ renamed as ‘Chhalaang’

Turram Khan, the upcoming film of actor Rajkummar Rao, has been renamed as Chhalaang. The film stars actor Nushrat Bharucha as the female lead...

WhatsApp adds Call waiting feature for Android in the its latest update

WhatsApp is regularly receiving updates, the company is always working on new features. In the most recent update, the Facebook-owned instant messaging platform got...
- Advertisement -

More Articles Like This