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.
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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.
