Money Startups

IAN invests in UK-based SaaS startup Ascema

18 Feb, 2016

Indian Angel Network (IAN) has made an undisclosed amount of investment in UK-based Ascema, which provides technology solutions for locating, securing and controlling the movement of sensitive data and intellectual property within cloud collaboration environments and email systems.

As a part of the investment, Nitin Jain and Nitin Singhal, who led the round, have joined the board of the company.

The new capital will be used for expansion of market strategy and sales resource.

Ascema, run by GeoLang Ltd, is a SaaS startup that provides content level protection, automated classification and real time contextualised visualisation.

"Ascema is defined by a core content fingerprinting, indexing and matching engine, which can be used on any file, data stream or other data source to assess the content," said Debbie Garside, CEO and co-founder of GeoLang.

GeoLang, a wholly owned subsidiary of GeoLang Holdings Ltd, was founded by Debbie, a University of Wales alumnus who has also worked with Lee Gillam, an expert in cloud computing who has worked at the University of Surrey.

This is IAN's fourth major investment in a UK-based startup.

In India, Indian Angel Network had funded carpooling app Orahi in January this year. DesignBids.in, a Delhi-based project discovery platform for architecture and interior design services, also secured an undisclosed amount of funding from IAN.