Apvera, a threat intelligence company in Singapore recently closed a S$1.7M round of financing, led by ACP and SPRING SEEDS Capital. Apvera will use the money to further develop and scale its intelligence platform and boost sales.
As part of the financing, Mr. Surinder Kathpalia, Director of ACP will be joining Apvera’s Board of Directors. The new funding will be used to develop and scale Apvera’s Insight 360 threat intelligence platform, and accelerate its go-to-market and sales execution efforts, increasing the platform’s ability to detect, prevent and predict warning signs associated with potential endpoint behavioral security threats.
Sameer Narula, Managing Partner of ACP said “We firmly believe that automation and machine learning is the way of the future and a key ingredient in identifying threats through behavioural intelligence. Apvera has built an impressive platform demonstrating that companies can no longer afford to take the same static path to detecting threats and just how eagerly the market is embracing this new approach.”
The startup Apvera holds the view that insiders are responsible for over 60 percent of cyber attacks on enterprises – whether through malicious intent or unintentional action.
To put a check on cyber attacks, Apvera’s software analyzes the behaviour of companies’ employees, contractors, and vendors. The platform uses machine learning and predictive analytics to spot any suspicious activity within a company’s network. Identifying irregular behavior early on will fend off security breaches as well as financial and data losses.
The startup company caters to various industries such as financial services, healthcare and pharmaceuticals.