Apvera, a threat intelligence company in Singapore, has closed a S$1.7 million round of financing led by ACP and SPRING SEEDS Capital. The round also included participation from Asia-based Nest Ventures, muru-D of Singapore and existing investors Central Exchange.
As part of the financing, Surinder Kathpalia, Director of ACP shall join Apvera’s Board of Directors. The new funding will be used to develop and scale Apvera’s Insight 360 threat intelligence platform, and accelerate its go-to-market and sales execution efforts; increasing the platform’s ability to detect, prevent and predict warning signs associated with potential endpoint behavioural security threats.
Sameer Narula, Managing Partner of ACP, said that automation and machine learning are the way of the future and key to identifying threats through behavioural intelligence. “Apvera has built an impressive platform demonstrating that companies can no longer afford to take the same static path to detecting threats and just how eagerly the market is embracing this new approach,” he said.
“Thanks to the support we have received from governmental organisations such as SPRING Singapore, Singapore is the perfect location for us to build our business and expand it to new clients – not just in ASEAN, but also globally,” said Eric Meyer, CEO, Apvera.
Apvera is applying machine learning based user and entity behaviour analytics to real time endpoint profiling and anomaly detection. The Apvera Insight 360 platform examines all user, endpoint, application and network activities, providing a 360-degree view of the organisation’s security posture.
Apvera is targeting various industries with a tailored use case approach. For instance, Apvera helps financial services businesses protect their intellectual property, sensitive client data and business-critical infrastructure as well as satisfying regulatory compliance. Automating risks management and compliance programs is one way an organisation can seek to improve its cyber-resilience.
“Today’s cybersecurity and risk realties are driving corporate boards in the financial services industry to prioritise defence of their digital assets,” said Ranodeb Roy, CEO & CIO of RV Capital Management. “Apvera has figured out how to effectively address business technology risks by allowing organisations to make sound, risk-informed decisions based on a highly relevant industry-specific threat profile.”
As part of the financing, Surinder Kathpalia, Director of ACP shall join Apvera’s Board of Directors. The new funding will be used to develop and scale Apvera’s Insight 360 threat intelligence platform, and accelerate its go-to-market and sales execution efforts; increasing the platform’s ability to detect, prevent and predict warning signs associated with potential endpoint behavioural security threats.
Sameer Narula, Managing Partner of ACP, said that automation and machine learning are the way of the future and key to identifying threats through behavioural intelligence. “Apvera has built an impressive platform demonstrating that companies can no longer afford to take the same static path to detecting threats and just how eagerly the market is embracing this new approach,” he said.
“Thanks to the support we have received from governmental organisations such as SPRING Singapore, Singapore is the perfect location for us to build our business and expand it to new clients – not just in ASEAN, but also globally,” said Eric Meyer, CEO, Apvera.
Apvera is applying machine learning based user and entity behaviour analytics to real time endpoint profiling and anomaly detection. The Apvera Insight 360 platform examines all user, endpoint, application and network activities, providing a 360-degree view of the organisation’s security posture.
Apvera is targeting various industries with a tailored use case approach. For instance, Apvera helps financial services businesses protect their intellectual property, sensitive client data and business-critical infrastructure as well as satisfying regulatory compliance. Automating risks management and compliance programs is one way an organisation can seek to improve its cyber-resilience.
“Today’s cybersecurity and risk realties are driving corporate boards in the financial services industry to prioritise defence of their digital assets,” said Ranodeb Roy, CEO & CIO of RV Capital Management. “Apvera has figured out how to effectively address business technology risks by allowing organisations to make sound, risk-informed decisions based on a highly relevant industry-specific threat profile.”
posted from Bloggeroid
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