Ideaspring Capital and the Fabric have invested in an early stage startup- Spanugo. The investment round included some strategic angel investors as well. The funding will be used for product development, go to market and expanding the tech team in India
Launched in April 2017, Spanugo offers enterprises an easy way to assure their IT security without giving up on agility in adopting digitisation across the enterprise.
Suryaprakash Konaruru, CTO, Ideaspring Capital said, “Spanugo has set up its office in Chennai and is continuously building its development team; we are helping them set up the team in Chennai.”
The company is working to build a multi-tenanted SaaS solution with IP in the area of discovery, normalisation of security postures, and translating them across various dimensions of cloud, devices, and templates.
Doss Karan, co-founder and CEO, Spanugo, said, “We are excited to partner with Ideaspring Capital and The Fabric. Our discussions with customers confirm a significant demand for our solution and this investment will help us accelerate our development and acquire early customers”.
How Is Spanugo Helping Enterprises?
Earlier, CIOs and CISOs had to rely on manual audits to assure that their security postures are meeting their security policies. The audits used to be infrequent, based on personal interviews and only inspecting a sample subset of components in the IT infrastructure.