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Venture Capital | 28 November 2013

IDG, RVCF, IvyCap Ventures Invest In Aujas Networks

by Tilak Devadiga
IDG, RVCF, IvyCap Ventures Invest In Aujas Networks
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IDG Ventures, Rajasthan Venture Capital Fund and IvyCap Ventures have invested an undisclosed amount in information risk management services company, Aujas Networks, NextBigWhat states. The current investment would be used for its organic growth and increasing its presence in different geographies and more verticals.

The Series B round of funding gets on board Girish Gupta, the CEO of RVCF & Vikram Gupta of IvyCap Ventures.

Aujas had received its seed funding of about $3 Mn from IDG ventures in 2008 and subsequently subscribed to the preference shares in 2009 and 2010.

Aujas was co-founded by Srinivasa Rao, Sameer Shelke and Manjula Sridhar in 2008 and incubated by IDG ventures through an Entrepreneur in Residence program.

Aujas is a Global Information Risk Management (IRM) company with a presence in the United States, South Asia and the Middle East. It offers IRM services which span strategy and advisory, control integration & sustenance and optimization.

Nearly half of the company’s business comes from the United States & Middle East.

Aujas also works with the government on cyber security.

With its team of more than 170 professionals, Aujas has executed over 500 projects for 300 clients.

Recently it had partnered with Amazon Web Services as an APN Consulting Partner for developing advanced cloud solutions.

The country's information security market is expected to reach R1,415 Cr in 2013 and to more than double over the next five years -a CAGR of around 16%.

Recently in this space, Data Protection Software provider Druva had secured series C funding from Tenaya Capital and its existing investors Sequoia capital and Nexus Venture Partners; Sify Technologies was planning to invest in or partner with technology startups focusing on cloud, security and managed services; Cloud-based file sharing and sync services provider – Vaultize had secured undisclosed amount of funding from Tata Capital Innovation Fund

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