Don’t know whether i’m the authority to write on this. But As a Security Product Entrepreneur from India, gone global wanted to write about this. It not me(guy who have sold everything for this idea, except my soul and body), then who else ? 😉 There’re tons of my friend security entrepreneurs who’re also trying to crack this space.
Please take it with a pinch of salt as the passion level may be a little one line more than the others as I’ve not become glorified employee of a VC on day 1 by taking funds to build this. Wanted to prove our skin in the game and taken it to extreme bootstrapping to get here.
The Pic in the title header shows the 20+ serious guys denting Indian Security Product Ecosystem.
We’re here to stay and make a dent. as the domestic market itself is growing phenomenally and entrepreneurs are figuring out how to how to raise, exit, etc
Let’s see the industry trend on Security investments
About Silicon Valley angles
There may be cases where the global GRC denters like convercent might have got funded 10.2 million on the day they have started their story. But FixNix may be denting still bootstrapping. Yet to figure out the global institution’s take on Indian Security startups on compliance space. Sometimes it may look insulting, but the indian spirit, tenacity, perseverance and local market demand is helping us stay put. “On the day it introduced its service, convercent start-up also said it had received $10.2 million in funding led by Azure Capital Partners, Mantucket Capital and City National Bank, Till todate, the global player has raised 30.72m$” On the contrary, from India we’re able to bootstrap with 200k$ debt raised from one of the states of Indian Government. The reason I’m trying to get more into FixNix funding case, it’s choice of the entrepreneur. Overall, the Indian funding situation is improving a lot.
Indian banking and securities firms to spend 499 bn rupees on IT in 2015- Gartner
Indian banking and securities companies will spend 499 billion rupees on IT products and services in 2015, an increase of 9.8 percent over 2014 spend of 455 billion rupees, according to Gartner.
India will remain the world’s fastest growing information technology (IT) market in 2016 as it is expected to spend more than $72 billion on IT services, products and hardware, up from 7.2% from the current year, according to research firm Gartner Inc
Some insights from PwC survey for understanding the global picture how security incidents are leading to different programs, budgets, policies, etc