Securden addresses one of the most critical security challenges for IT, operations, and security teams across physical, virtual, and cloud environments.
NEWARK (DELAWARE, USA)/CHENNAI, INDIA -- July 08, 2020) -- Securden Inc, an IT security startup focused on preventing identity thefts, malware propagation, and insider threats through its privileged access governance platform announced today that it has received USD 1.2 million in a seed investment round led by global venture capital firm Accel. The round has seen participation from Girish Mathrubootham (founder and CEO of Freshworks), Axilor Ventures, Manav Garg (founder and CEO of Eka1.com), and Mithun Sacheti (CEO, CaratLane). The funding will be used to expand the company’s marketing, R&D, and customer success efforts.
This investment round builds on Securden’s momentum as a company witnessing rapid adoption by enterprises - big and small - across the globe in banking, financial, government, healthcare, education, eCommerce, and IT services segments.
Incorporated in 2018 by Balasubramanian Venkatramani and Kumaran Balan, who carry over 15 years of experience each in creating software products in core IT security, Securden’s privileged access governance suite is built on key security principles, including Zero Trust Security, Least Privilege Enforcement, Just-in-Time Access Governance and Continuous Risk Assessment on top of robust credential vaulting. Securden suite covers a remote access solution for IT staff and an endpoint permissions management tool that together make remote work secure and productive.
While there is already a roster of privileged access security solutions on the market, Securden’s competitive edge lies in its simplicity, highly intuitive user interface, end-to-end coverage, holistic approach, and ease of deployment. Typically, customers can deploy the self-contained software package and start using it within a few minutes.
“Privileged Access Governance has emerged one of the most critical information security challenges for organizations of all types and sizes,” said Balasubramanian Venkatramani, co-founder and CEO of Securden. “Most of the existing solutions are complicated, expensive, disjointed, and rely heavily on consultancy services. 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,” he added.
Prayank Swaroop, partner at Accel said ”Securden has built a comprehensive top-of-the-line privileged access management suite of products. Customers love Securden, especially since it's easy to deploy and makes the life of the IT team less worrisome from threats. We are happy to do our seed investment in Bala and Kumaran “
"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," said Girish Mathrubootham, founder and CEO of Freshworks. "Bala and Kumaran, whom I have known for many years, have a deep understanding of the space, formed an incredible team, and demonstrated impressive traction. I am excited to support them in their journey to help organizations prevent cyberattacks and security breaches," he added.
Accel is a global venture capital firm that partners with exceptional founders with unique insights, from inception through all phases of private company growth. Atlassian, BlackBuck, Bounce, BookMyShow, Braintree, BrowserStack, CrowdStrike, CureFit, DJI, Dropbox, Etsy, Facebook, Flipkart, Freshworks, Qualtrics, Slack, Spotify, Supercell, Swiggy, UiPath and UrbanCompany are among the companies the firm has backed over the past 35+ years. The firm seeks to understand entrepreneurs as individuals, appreciate their originality and play to their strengths. Because greatness doesn't have a stereotype. For more, visit www.accel.com or www.twitter.com/accel.