AppViewX, a US-headquartered security SaaS firm, has raised US$20 million in a series B round led by Brighton Park Capital. The capital comes after the company inaugurated its 100-seater global center of excellence in Bengaluru – its third in India.
AppViewX founder Anand Purusothaman / Photo credit: The Covai Mail
Founded by Anand Purusothaman in 2017, AppViewX offers self-driven machine identity management and application infrastructure security, which helps organizations combat harmful incidents and ensure compliance to global cybersecurity standards.
The startup automates network operations, security operations, and software development operations for Fortune 1000 companies, which include six top global commercial banks, five leading media companies, and five prominent managed healthcare providers.
The funds from this round will be used to strengthen AppViewX’s product development, go-to-market operations, and revenue growth strategies. This comes after the company nearly doubled its workforce since 2019 throughout its offices in the US, the UK, India, and Australia.
The global SaaS market is poised to reach a value of US$720.4 billion by 2028 at a compound annual growth rate of 25.9%.
Editing by Miguel Cordon and Lorenzo Kyle Subido
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
