Cybersecurity startup Securden raises $1.2 mn from Accel, others

Cybersecurity startup Securden raises $1.2 mn from Accel, others
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8 Jul, 2020

Newark, Delaware based cybersecurity startup Securden on Wednesday said it has raised $1.2 million in a seed-stage funding round led by venture capital firm Accel.

Other investors in the round were Axilor Ventures, Freshworks CEO Girish Mathrubootham, CEO Manav Garg, and CaratLane CEO Mithun Sacheti, according to a statement.

Securden primarily focuses on preventing identity thefts, malware propagation, and insider threats through its ‘privileged access’ governance platform. It plans to use the fresh funds to expand marketing, research and development, and customer success efforts

Incorporated in 2018 by former Zoho executives Balasubramanian Venkatramani and Kumaran Balan, Securden’s ‘privileged access’ governance suite is built on key security principles that include zero-trust architecture, least privilege enforcement, and continuous risk assessment to prevent cyberattacks, malware propagation, and insider exploitation. 

The product suite of offerings, according to the website are password vault for enterprises, privileged account manager, and endpoint privilege management and application control.

The business-to-business startup’s clients, according to its website, include 20th Century Fox, Trimble, Migros, Veeam, Harvard medical school and Oxfam.

 “Customers often have to choose between a complicated and super-expensive solution and a super-complicated and expensive one. Securden stands for simplicity, and affordability in cybersecurity,” CEO and co-founder Venkatramani said.

The suite of offerings also covers a remote access solution for information and technology (IT) staff, and an endpoint permissions management tool that together make remote work secure and productive, the company claimed.

"As the risk of cyberattacks keeps increasing, controlling access to the IT infrastructure and granting the right access to the right individual for the right duration have all become critical. Securden presents a new approach to solving this fundamental problem," founder and CEO of Freshworks founder and CEO Mathrubootham said.

Other recent deals in the cybersecurity business space include the Atos-Paladion merger, Wipro’s investment in CloudKnox, and Tata Capital’s $5 million investment in Indusface Consulting.