Singapore-based cybersecurity company Horangi has raised USD 20 million in a Series B funding round led by Southeast Asia-focused private equity firm Provident Growth. The investment included cash from Singapore-based Monk’s Hill Ventures, Australia’s Right Click Capital, as well as Singaporean venture debt fund Genesis Alternative Ventures. This new investment brings the company’s sum of raised funds to USD 23.1 million.
Horangi will utilize the fresh cash to boost its expansion plans in Southeast Asia, according to an official statement. The company will also enhance the capabilities of its cloud computing product Warden, as well as improve its artificial intelligence and machine learning tech capacities to counter cyber threats. Moreover, Horangi will expand its team to 160 people to bolster the company’s presence in Singapore and Indonesia, where demand for cybersecurity solutions is high.
The company was founded in 2016 by cybersecurity experts Paul Hadjy and Lee Sult, who have experience working in major tech companies such as Grab and Palantir Technologies. Horangi provides security software and services backed by a team of CREST-certified global cybersecurity experts in Asia. Since its establishment, Horangi has worked with more than 200 tech companies, including big names like Gojek, Ninja Van, Shopback, and Tiket.
Its flagship product, Warden, protects organizations from critical security threats and compliance violations in the cloud, such as misconfigurations, non-standard deployment, and insecure key management. Horangi’s other services, like penetration testing and vCISO (virtual chief information and security officer) provisions, also help organizations of all sizes to stay ahead of cyber threats.
Horangi is a partner of Amazon Web Service (AWS), and it was recently appointed as the first cybersecurity partner of Tokio Marine Insurance Singapore in the Asia Pacific region.