Mumbai-based e-security startup Securens Systems Pvt. Ltd has reportedly raised around $5 Mn (INR 35 Cr) from Trifecta Capital. Existing investor Mayfield India also participated in the current funding round.
According to a LiveMint report, Trifecta has invested close to $2.95 Mn while Mayfield has infused approximately $2.2 Mn in the company. Earlier, Mayfield had invested $4 Mn in the startup in 2012 and an undisclosed amount in 2014. The raised funds will be used to increase its client-base.
Founded in 2011 by Sunil R. Udupa, the startup provides SaaS-based electronic surveillance products and services. This includes its flagship product ActiDETER, which helps prevent crimes by integrating the latest alarm technology with the onsite surveillance systems thus enabling the use of powerful video verification and 2-way voice to actively deter an incident.
As per the company’s LinkedIn profile, Securens maintains the vigilance of 18000+ ATMs and retail sites and has over 550 + employees at various locations in India.
“Burglary attacks are increasing by the day encouraged by the utter lack of good security and surveillance systems, and there is an urgent and critical need for technology that can replace guards,” said co-founder Sunil Udupa.
The other products offered by Securens include ActiHEALTH – to perform health checks on all existing cameras and digital video recorders and ActiHYGIENE – to check adherence to standard operating procedures at all retail outlets.
“By combining video surveillance with analytics, the company has developed unique offerings for enterprise customers across verticals,” said Rahul Khanna, Managing Partner at Trifecta Capital.
Other investments of Trifecta include startups like Urban Ladder, Industrybuying, Nephroplus, Paper Boat and more.
[The development was reported by LiveMint.]