Aujas has received Series B funding from Rajasthan Venture Capital Fund, IvyCap Ventures and IDG Ventures India. No financial terms were disclosed although the Economic Times reports the sum to be 31 crore ($4.97 million). According to Aujas, the capital infusion will be used for expansion in North America, South Asia and the Middle East. Based in India, Aujas is a provider of global information risk management solutions.
Bangalore, November 28, 2013: Aujas, a Global Information Risk Management (IRM) services company, today announced that it has raised Series B round of funding, from Rajasthan Venture Capital Fund (RVCF), IvyCap Ventures and IDG Ventures India. The funding will be used to strengthen the company’s presence in North America, South Asia and the Middle East thereby enabling Aujas to establish itself as the fastest growing company in the information risk management and security services domain, globally.
Aujas, incubated by IDG Ventures India as part of an Entrepreneur in Residence (EIR) program and was set up in 2008 with seed funding from IDG Ventures has grown to be one of the largest pure-play security services entities in India. The company, listed in the Deloitte Tech Fast 50™ for the last three years in a row, has witnessed over 100% year on year growth and today partners with over 300 clients in 23 countries, providing professional services in North America, South Asia and the Middle East.
Speaking on the occasion of the announcement, Mr. Srinivas Rao, Co-founder and CEO of Aujas said, “Aujas is in a very strong position with a fundamentally unique and differentiated approach to IT risk management. This funding will allow us to continue to invest in the technology and the global operations our customers require. We are focused on brining greater innovation and scalability to how organizations manage their IT risks and mitigate threat. With this additional funding we will have the staying power to make these investments.”
“There are few information risk management services companies globally that holistically address rapidly evolving security requirements of an organization. Aujas has successfully positioned itself as a premier global player in this market, with strong footprint across USA, Middle East and India. Enterprise security is an evergreen and long term IT focus area across firms, and we are excited to have IvyCap Ventures and Rajasthan Venture Capital Fund onboard as valuable investors in Aujas” said Mr. SudhirSethi, Founder, Chairman & Managing Director of IDG Ventures India.
“We are very excited by the potential of the Aujas’s business model, and the growth prospects of the information security space,” said Mr.Vikram Gupta, founder and managing partner, IvyCap Ventures, who would be joining the Board of Aujas. “We are also looking forward to adding significant value through our network of IIT alumni relationships across the world.”
Commenting on the transaction, Mr. Girish Gupta, CEO-RVCF, who would be joining the Board of Aujas, said “Aujas has tremendous experience in the IT security sector, which is witnessing a high growth. With the fresh infusion, the company will be able to emerge as leading provider of IT security services in India and overseas.”
Aujas offers Information Risk Management (IRM) services which span strategy and advisory, control integration & sustenance and optimization. Aujas provides technology life-cycle services including strategy and design, control integration, sustenance and optimization services in the area of information risk. With over 300 customers’ world over, Aujas is partnering with organizations looking to invest in strong security compliance initiatives to enable business growth and meet regulatory requirements.
Aujas is a Global Information Risk Management (IRM) services company. We help clients mitigate risk and enhance information value and today partner with over 300 clients in 23 countries. Aujas provides professional services in North America, South Asia and the Middle East. Our service portfolio includes Risk Management, Data Protection, Identity and Access Management and Secure Development Life-cycle services. Aujas has been ranked the fastest growing information risk management services company in India for 2011 and 2012. For more information, please visit www.aujas.com.
IvyCap Ventures is a venture capital fund anchored by the Alumni Trust, and leveraging the network of IITians across the globe to create value in its portfolio companies. It invests in start-ups and growth stage companies across sectors including technology, education, energy, healthcare and agriculture. The Fund has a unique philosophy to give back part of its profits to the leading educational institutions, an approach that strengthens its alumni networks further.
Rajasthan Venture Capital Fund (RVCF) invests pan India in mid stage companies, operating in high growth sectors with a sustainable revenue model and a highly motivated and experienced management team.
IDG Ventures India is a leading technology venture capital fund in India. The fund is part of IDG Ventures, a global network of technology venture funds with over $5.5 billion under management with over 220 investee companies and 10 offices across Asia and North America. By combining the IDG platform — an unparalleled combination of global publishing, market research (IDC), and conferences and exhibition resources — with years of hands-on experience in early-stage company building, IDG Ventures India helps its investee companies understand their markets better and achieve leadership position ahead of competition. The IDG Ventures India portfolio companies include, Apalya, eShakti, Forus Health, iCreate, iProf, Manthan Systems, Myntra, Ozone Media, Perfint, Sourcebits, Valyoo Technologies, Vserv and Zivame.