The Indian Angel Network (IAN) has invested an undisclosed amount in Bengaluru-based InstaSafe, a cloud-based security solutions startup that helps mobile and remote workers securely access enterprise apps, email and web on a SaaS (software-as-a-service) model. Vishal Khare and Alok Agarwal have led this round on behalf of IAN. This has been co-invested with CIO Angel Network (CAN).
Founded in November 2012 by Sandip Kumar Panda, Biju George, Prashanth Guruswamy and Deepak Panigrahy, InstaSafe was incubated out of Microsoft Ventures Accelerator. With a focus to expand sales and marketing efforts and product engineering, the funding will be deployed to further develop the product features and hiring talent.
"At InstaSafe, our mission is to make organisations more safe, secure and productive by leveraging the power of the cloud. We believe our platform can become the trusted cloud-based security layer globally that spans organisations, applications and devices to enable users to get work done more safely, efficiently - when, where and how they want. We believe that InstaSafe has the potential to emerge as global company out of India," Sandip Kumar Panda, founder and chief executive officer of InstaSafe, said in a release on Thursday.
Prior to founding InstaSafe, Panda was with Blue Coat Systems, leading India and Saarc markets. He has also worked with Symantec and WeP (Wipro) where he led product businesses and multiple cross functional leadership roles.
"The cloud and 'as-a-service' delivery models are transforming the IT landscape and we see tremendous opportunity in the rapidly-growing cyber security industry. InstaSafe security-as-a-service model is disruptive and holds global potential," said Anthony (Tony) Thomas, from CIO Angel Network.