Data security solutions provider Induz has raised $780,000 in its latest funding round, led by YourNest Venture Capital with a $750,000 investment.
An additional $30,000 came from SanchiConnect through the YourNest-SanchiConnect Velocity Program 2024.
The funding will support Induz in advancing product development, securing multiple paid proof of concepts (POCs) from clients, and obtaining key security certifications, according to a company press release.
About Induz:
Founded in 2023 by Tirumalesh Chalamarla and Sreerama Mohan Gadam and based in Hyderabad, Induz focuses on developing secure data solutions for industries such as insurance, fintech, banking, and government.
This company is working on two core offerings: Confidential Identity and Access Management (Confidential IAM) and an integrated data delivery solution to strengthen its data security services for enterprises.
With a global data security market valued at $50 billion, Induz is positioning itself as a complete data security provider.
Its solutions enable businesses to fully control and protect sensitive information across public, private, or hybrid cloud environments, eliminating dependence on external service providers.
