Cyber-Security Startup Uniken Raises Around $2 Mn In Bridge Funding From Exfinity Ventures

It seems that Infosys former top employees have decided to bet big on Indian startup ecosystem. After Infosys co-founder Kris Gopalakrishnan, this time ex-Infosys veterans V Balakrishnan and TV Mohandas Pai, have invested in cyber-security startup, Uniken.

The Pune-based startup has secured around $2 Mn in bridge funding from Exfinity Ventures, which was launched by V Balakrishnan, TV Mohandas Pai, former Wipro joint CEO, Girish Paranjpe and former India CEO of I-flex Solutions, Deepak Ghaisas, to invest in tech focused startups.

Speaking on this development, Sanjay Deshpande, CEO and Co-founder of Uniken said, “This is a bridge round for us, before we go in for a larger series B round. The aim of this round was not just to raise money, but to gain from the expertise of the Exfinity team. They are aligned with our vision and their vast experience will help us grow further.”

Founded in 2003 with its Innovation Center in India and presently operating in India, Israel and the US, Uniken has its flagship REL-ID platform which currently has over a million of users. REL-ID provisions mutual trust in the digital relationships and protects digital interactions and data.

The secure digital platform is a holistic plug and play solution to secure trusted relationships of an enterprise and enable the delivery of a rich, ubiquitous and secure digital experience to its customers, partners and employees across various platforms and devices.

Uniken’s client list in India includes Axis Bank, Yes Bank, Bank of India, and Kotak Mahindra Bank. Prior to this, the startup in India had raised INR 30 Cr series A funding from Nexus Venture Partners. Uniken is also amongst the selected startup of InTech50, the flagship event of iSPIRT & Terenne Global Leadership Network.

So far, the tech focused venture capital fund, Exfinity Fund has invested $1.5 Mn in a video-streaming solution provider, RiverSilica, $4 Mn in a virtualization solution for power, VPS and another $1.5 Mn in an artificial intelligence startup Mad Street Den along with GrowX Ventures. Last year, security solutions company Druva had also raised $25 Mn in funding from – Nexus Venture Partners, Sequoia Capital and Tenaya Capital.