Horangi Raises US$20m to Expand its Market Leadership in SEA
Horangi, a Singapore-based cybersecurity company which provides solutions to industry leaders across Southeast Asia, announced a US$20 million fundraise in a Series B round, led by Southeast Asian private equity firm, Provident Growth, which has funded companies like Indonesian ride-hailing platform GoJek and travel e-commerce Traveloka.
Horangi will use the funds to support its expansion plan in Southeast Asia as it strengthens its position as the region’s leading cybersecurity company. This includes enhancing its cloud security product, Warden, integrating its market-leading cybersecurity expertise and insights, as well as infusing artificial intelligence and machine learning technologies in order to help organisations stay ahead of advanced threats.
“Southeast Asia is one of the fastest-growing economies and digitising rapidly, but due to the shortage of security expertise in the region, organisations are increasingly turning to security experts like Horangi. This is especially prevalent in Indonesia, where we have been focused on since 2016. Having a strong team, local insights and technology capabilities allow us to partner with strategic investors to help propel our next growth stage,” said Horangi CEO and Co-Founder Paul Hadjy.
Horangi’s cloud security product, Warden protects organisations using public cloud infrastructure from critical security threats and compliance violations in the cloud. Warden is featured on the AWS Marketplace and Horangi is a Select tier partner in the Amazon Web Services Partner Network. Horangi’s services, which include Penetration Testing and vCISO, empower organisations of all sizes to stay ahead of the most sophisticated cyber threats.
Michael Aw, Partner at Provident Growth shared, “Our investment in Horangi is in line with Provident Growth’s investment philosophy to back growth-stage technology companies. Horangi has a stellar founding team with many years of cybersecurity experience, and has established a strong brand among reputable technology customers and a market-leading position in its core markets.”