IDG Ventures India has re-invested in portfolio company Aujas, an India online risk services company targeting large corporations, in a series B round of funding. The latest round, of which financial details were not made public, was led by venture capital firm Rajasthan Venture Capital Fund. IvyCap Ventures also participated in the round. The funding will be used to strengthen the company’s global operations, notably in North America, South Asia and in the Middle East, and development of a unique security platform.
Established in 2008 with seed funding from IDG Ventures, the business has witnessed over 100% year on year growth and partners with over 300 clients in North America, South Asia and the Middle East. Big names, such as Amazon Web Services are among its partners.
“We are very excited by the potential of the Aujas’ business model, and the growth prospects of the information security space,” said Vikram Gupta, Founder and Managing Partner, IvyCap Ventures who will be joining Aujas’ board.
“There are few information risk management services companies globally that holistically address rapidly evolving security requirements of organizations. Aujas has successfully positioned itself as a premier global player in this market, and we are excited to have IvyCap Ventures and Rajasthan Venture Capital Fund on board as valuable investors in Aujas,” said Sudhir Sethi, Founder, chairman and managing director of IDG Ventures.
Girish Gupta, chief executive officer of RVCF will also be joining the Board of Aujas, said that the company has tremendous experience in the information security industry, which is witnessing high growth. He said that with the fresh infusion, the company will be able to emerge as leading global provider in its segment.