13 January 2017, India:
Cloud-based platform SecurAX has raised an undisclosed funding from Axilor, Parampara Early Stage Opportunities Fund and a group of angel investors as per ET report.
SecurAX was founded in 2012 by Prasanna Kotha, Deepak N Belavadi, and Praveen Gongireddy. The company will utilize the fresh funds to enhance technology offerings, grow customer base and expand its operations across India and the Middle East.
SecurAX is a B2B SaaS-based biometric attendance and biometric access solutions provider. It focuses on assisting clients in identifying and mitigating their security challenges.
“The SecurAX platform is being used by 75,000 users across 125 customers. We have grown our SaaS user base 2.5 times in the last six months,“ said Deepak Belavadi, cofounder, SecurAX. “The investment from Axilor Ventures and Parampara will help us scale operations.“
“Cloud-based technologies are driving new business models. SecurAX is well positioned to build on its leadership in the biometrics space and scale its SaaS offering, globally,” said Srinath Batni, co-founder of Axilor Ventures.