Pioneer App security firm Wegilant raises USD 500,000 from existing investors in Pre-Series A Round

wegilant

  • Ravi Gururaj, Gaurav Sharma, Viswanath Ramachandran, a large global IT Security Company along with other investors invest in Wegilant
  • The company had earlier raised angel capital in 2014
  • Nominated by NASSCOM as the most innovative emerging startup in 2014

Delhi 6th August: Wegilant, a pioneer in the mobile app security space raises USD 500,000 from existing investors in a pre-series A round. The investors include Ravi Gururaj-Chair NASSCOM Product Council, Gaurav Sharma-Director Yahoo Inc., Viswanath Ramachandran-Ex-Gupshup CTO, SINE-IIT Bombay Business Incubator, RippleWave and a strategic investor (a large global IT Security company).

The flagship product of Wegilant is Appvigil, which is a Mobile Reputation Protection Suite for Enterprises. Appvigil is based on global patent-pending technologies. Appvigil looks for security vulnerabilities and loopholes in mobile apps. In layman terms, it helps identify whether a mobile app is hackable or not. Organisations involved in the development of mobile apps such app development agencies, startups, product enterprises etc. can integrate Appvigil in the development lifecycle of the app to resolve all   security issues in the development phase itself. Mobile phone users can install ‘Appvigil free app’ to check hackability of the mobile apps in their phones and report to the developer in case any loopholes exist. Appvigil can also be integrated into Software Development Life Cycle [SDLC]. It provides unattended static & dynamic analysis for security loopholes and is highly cost effective and scalable, making it capable of catering to the needs of an individual developer, mid-size & large-size development teams and companies seeking BYOD solutions.

Founded in 2011 by Toshendra Sharma while he was a first year masters student in CSE department, IIT Bombay, the company got incubated in Society for Innovation and Entrepreneurship (SINE), IIT Bombay, in Aug’2014. Wegilant has also been nominated in the top 10 of Emerge 50 Award 2014- an award given by NASSCOM.

Toshendra Sharma, CEO, Wegilant said, “The funds will be used towards technology expansion, research and development and customer acquisition. Previously, we were offering app security solutions in the Android environment only and now as a natural business extension, are expanding to iOS & Windows operating systems as well.”

He further added, “Mobile security is a global issue and our mission is to become a de-facto standard in this space. We would be carrying out the global sales operations from India itself. There is a more focussed effort to constantly evolve the product in the light of new innovations in the mobile security market and black hats market. Apart from Appvigil, our flagship product, the company is developing new security products too. We intend to build a globally admired company by solving customer problems.”

“Water tight security of your mobile device is no longer a luxury, it is an absolute necessity. News of security beaches are regular events which I expect will increase in frequency and severity. Every major brand has a customer facing mobile experience which they now need to ensure is secure for all their stakeholders. Wegilant addresses this critical growing market need with very innovative and robust products. The Wegilant team exhibits winning combination of domain thought leadership and entrepreneurial passion”, said Ravi Gururaj, Chair NASSCOM Product Council.

The company lately underwent a major rebranding exercise in effort to position itself as a thought leader in the mobile security industry. The company has also set up an office in Gurgaon (Delhi NCR) apart from Mumbai to accelerate business expansion. Wegilant also intends to set up offices across other major cities in India. The company has also doubled its team strength from 11 to 22 employees and is on a hiring spree.

To enable work life balance the new office in Gurgaon has been designed keeping in mind home aesthetics with fun and edgy colours and furniture, bunk beds, food court and a recreational room with PS4 and other games.

Wegilant is a global mobile app security company based in India. Founded in 2011 and incubated at the renowned Society for Innovation and Entrepreneurship (SINE), IIT Bombay, in 2014, Wegilant today provides cloud based mobile security solutions. . Appvigil, the company’s cloud based flagship product accessible through three different platforms checks for security vulnerabilities and loopholes in android apps. Appvigil is highly cost effective and scalable, making it capable of catering to the needs of an individual developer, mid-size & large-size development teams and companies seeking BYOD solutions. Wegilant was also nominated in the top 10 of Emerge 50 Award 2014- an award given by NASSCOM.

Send this to friend