Indian Angel Network (IAN), world’s largest business angel group, has made an undisclosed investment in Bangalore-based InstaSafe, a Cloud based Security solutions provider that helps mobile & remote workers securely access enterprise apps, email and web on a SaaS model. Vishal Khare and Alok Agarwal have led this round on behalf of IAN. This has been co-invested with CIO Angel Network (CAN).
Founded by Sandip Kumar Panda, Biju George, Prashanth Guruswamy & Deepak Panigrahy in Nov 2012, InstaSafe has built a cross functional team with deep business & technical domain expertise. Prior to founding InstaSafe, Sandip was with Blue Coat Systems, leading India & SAARC markets. He has also worked with Symantec & WeP (Wipro) where he led product businesses & multiple cross functional leadership roles.
Sandip Kumar Panda, founder and CEO, InstaSafe said, “We have had an experiential journey with this group of Angel Investors providing a huge validation to the Instasafe product. At InstaSafe, it’s our mission is to make organizations more safe, secure & productive by leveraging the power of the cloud. We believe our platform can become the trusted cloud-based security layer globally that spans organizations, applications and devices to enable users to get work done more safely, efficiently—when, where and how they want. We believe that InstaSafe has the potential to emerge as global company out of India.”
With a focus to expand sales & marketing efforts and product engineering, the funding will be deployed to further develop the product features and hiring talent.
Vishal Khare, Lead IAN investor commented on the investment saying, “We saw a great potential for growth and scope for expanding Instasafe’s cloud based offering to many valid use cases in near future.”
Under the mentorship of Sanjay Mehta, InstaSafe has won CIO Choice Awards for Cloud Security and the IBM Global Entrepreneurship award. Some of its prominent clients include the AV Birla Group, Asian Paints, DTDC Courier & Cargo, Pidilite and Kirloskar who use InstaSafe Secure Access to securely connect to their mission critical enterprise apps to thousands of distributed remote mobile workers.
Typical Use cases of InstaSafe include, secure mobile remote access to On-premises or cloud applications, encrypted access to build a private virtual network across multiple public/private clouds and web security for mobile workers. “The cloud and ‘as-a-service’ delivery models are transforming the IT landscape and we see tremendous opportunity in the rapidly-growing cybersecurity industry.
InstaSafe Security-as-a-Service model is disruptive and holds global potential,” said Anthony (Tony) Thomas, from CIO Angel Network. Unlike appliance based solutions InstaSafe offers a hardware free, zero configuration, self-service style, fully redundant Security-as-Service which could be deployed in minutes with comprehensive reporting. With security emerging as a focus area for companies across the globe, InstaSafe’s solutions are set to disrupt the traditional Cyber Security market by bringing Cloud delivered Security-as-Service solutions, which are simple, flexible & affordable.
InstaSafe is supported by Microsoft Ventures & Citrix Innovators Program. It received financial assistance as part of the Citrix Accelerator Innovators Program in March 2015.
InstaSafe, incubated out of Microsoft Ventures Accelerator, brings about a paradigm shift in the way secure access is delivered, by leveraging the cloud. Businesses require their employees to be Omniproductive and their applications to be Omni-present, yet keep them secure. Traditionally, Cyber Security solutions are focused on an exorbitant Capex budget to buy legacy appliances and service contracts, not to mention the need for highly trained IT personnel. InstaSafe changes it all, with its simple, self-service style delivery of Cyber Security, delivered through the cloud.
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