Data Resolve, a Noida-based cyber-security startup has raised USD 1 million from an early-stage fund Parampara Capital.
This marks Parampara Capital’s first investment, after its announcement of a merger with the private equity arm of IDFC Group, IDFC Alternatives.
The startup, Data Resolve that was founded in 2008 focuses on addressing issues related to data leaks, corporate fraud, and employee productivity with security analytics through end-points, from on-cloud and in-premise platforms.
The firm’s award-winning product ‘inDefend Business’ provides security analytics for the same. Data Resolve provides an integrated endpoint security from a single security-integrated platform hosted on AWS.
The startup will use the newly raised funding to scale up tech and sales teams. Also, the startup is planning to expand across the country and the Middle East as well, according to CEO, Dhruv Khanna.
Data Resolve claims to have over 100 clients, including small and medium-sized businesses, startups and MNCs as well.
Earlier in January 2017, SecurAX, a Bengaluru-based biometric and surveillance solutions provider had raised an undisclosed funding. The investment round was led by Parampara Early Stage Opportunities Fund, Axilor and a group of angel investors.
Delhi-based Kratikal, an end-to-end cyber security solution provider, had also raised an undisclosed amount funding from Amajit Gupta (former director of Microsoft India) along with J.P. Bhatt (co-founder and Chief Executive of ImpactQA) and Praveen Dubey (co-founder Mutual PR) in January 2017.