Seclore, Mumbai based startup offering Digital Rights Management solution to companies has raised $12 Million from Russian Conglomerate’s Sistema JSFC’s Sistema Asia Fund. JSFC had fueled in $50 Million in its Asian fund in February to help Indian Startups grow better. The series B round also saw participation from Helion Ventures, India Alternatives Private Equity Fund and VentureEast.
Founded in 2005 by IIT Alumnis Vishal Gupta and Abhijit Tannu, Seclore Technology allows the organizations to embed privacy, usage as well as security policies in the content itself to secure the information shared externally by the organization. Also, it provides EDRM (Enterprise Digital Rights Management) solutions to help the organizations secure the information from Cyber Attacks.
Speaking on the development, Vishal Gupta, CEO – Seclore said that there has been an uphill rise in the demand for EDRM solutions as the organizations face more threats than ever to secure their online operations as well as information. Also, sharing the sensitive information outside the organization remains another big task and companies want to be double sure about the security.
It claims to have over 4 Million users with 400 companies in 22 countries. Some of the well-known names in the client list include HDFC Bank, ICICI Bank, Kotak Bank, L&T etc.