Horangi Cybersecurity secures US$3.1m Series A Round led by Monk’s Hill Ventures
Rapid delivery of incident response and threat detection
Singapore, November 6th, 2017
Horangi Cybersecurity, a Singapore-based cybersecurity startup, announced today that it has closed a US$3.1m Series A Round led by Monk’s Hill Ventures, with participation from Right Click Capital, 500 Startups, Hub Ventures Fund, 6Degrees Ventures, and private investors.
Co-founded by two Palantir alumni, Horangi builds security products that enable the rapid delivery of incident response and threat detection for customers who lack the scale, expertise, or time to do it themselves. The company’s core products, comprising of Scanner, Hunter, and Storyfier, integrate seamlessly to provide customers with a full-stack cybersecurity solution previously available only to Fortune 500 companies. With plans starting at $50/month, customers can easily scan and detect security vulnerabilities through Horangi’s platform, and conveniently access Horangi’s in-house cyber operations consultants with a single click.
Started in early 2016, Horangi now has over 50 clients across sectors such as government, technology, financial services and retail. The majority of its clients are from the APAC region, where Horangi will focus its growth efforts for the near future. There has also been inbound interest from US MNCs with presence and operations in Asia, who chose Horangi as their security provider locally due to its expertise across these foreign markets.
The funds raised will go towards improving Horangi’s proprietary technologies, scaling business operations, and accelerating expansion in key Asian markets. These efforts are strengthened by the appointment of Peng T. Ong and Kuo-Yi Lim, seasoned entrepreneurs who have built and backed global companies in the US and Asia, to the Board of Directors. "Cybersecurity is a growing concern for companies in this region. Online attacks are increasing in frequency and sophistication, while reliance on online services has also grown. Horangi brings a level of expertise and much needed capability in its products to the market, particularly in Asia where this is lacking. The team's extensive experiences put them in a strong position to help companies protect their online presence and data," said Kuo-Yi.
“As cyber threats become increasingly complex, businesses require proactive solutions to safeguard their digital environments,” said Paul Hadjy, co-founder and CEO of Horangi. “Our vision is to provide an affordable full-stack cybersecurity solution for our users globally, allowing them to quickly understand and deploy the right course of action.”
Keep updated on cybersecurity insights from Horangi’s cyber operations consultants here.
About Horangi
Horangi builds security products that enable the rapid delivery of incident response and threat detection for customers who lack the scale, expertise or time to do it themselves. Founders Paul Hadjy and Lee Sult have had over a decade of technical and leadership experience at Palantir and Trustwave, across the US, APAC and the Middle East.
Its team of cybersecurity experts tirelessly hunt for attackers and pro-actively pursue solutions that defend companies from potential attacks around the clock. If you are or your business are in need of a cyber security solution contact one of our cyber operations consultants today at https://horangi.com.
About Monk’s Hill Ventures
Monk’s Hill Ventures is a venture capital firm investing into high-growth early stage technology startups in Southeast Asia. With a mantra of “entrepreneurs backing entrepreneurs”, its founding partners Peng T. Ong and Kuo-Yi Lim are seasoned entrepreneurs who have built and backed global companies in the US and Asia. With offices in Singapore and Jakarta, Monk’s Hill Ventures invests in top entrepreneurs who are leveraging technology to take advantage of the fast-growing Southeast Asian markets. The fund is backed by investors including Temasek Holdings, Cisco Investments, and Yahoo Japan Capital. More info: www.monkshill.com.
About Right Click Capital
Right Click Capital is a venture capital fund that specialises in identifying, investing in and supporting technology businesses across Australia, New Zealand and South East Asia. The firm’s partners have all founded multiple successful technology businesses and have extensive operational and investment experience. Right Click Capital is a member of the Draper Venture Network, a global alliance of venture capital firms with over USD1.6 billion in collective assets under management.
More info: www.rightclickcapital.com.
About 500 Startups
500 Startups is the most active venture capital firm in the world. Headquartered in Silicon Valley, 500 has invested in over 1800 companies across 60 countries from a family of 16 funds over the past 7 years. 500 has a strong presence in South-East Asia with a team of over 20 people and investments in over 200 companies in the region including Grab, Carousell, Bukalapak, Revolution Precrafted and Kudo. In addition to investing, 500 Startups works globally to build functional and resilient startup ecosystems by conducting educational programmes for founders and investors, forging partnerships with governments and corporates and hosting events and conferences.
More info: www.500.co.
About Hub Ventures Fund
Hub Ventures Fund (HVF), launched by Impact Hub Singapore, is an early-stage investment company founded on the belief that founder knowledge and post-investment support are key levers for investment success. As part of Impact Hub's community, all their portfolio companies will get venture-building support including access to and mentorship from an established network of corporates, industry experts, domain mentors and other investors.
More info: singapore.impacthub.net/hub-ventures-fund.
About 6Degrees Ventures
Founded in 2016, 6Degrees Ventures seeks to utilize its network to find the best investments for our investors. This allows us the ability to have and further develop inside and extensive knowledge of the management teams we will be partnering with. We’ll know the “who” behind the “what” when it comes to our investments.
More info: www.sixdegreesventures.com.
