Company Name : Ascema
Funding Amount : Undisclosed
Investor(s) IAN
Funding Round : Not Disclosed
Indian Angel Network (IAN), has made an undisclosed investment in UK based Ascema, a technology solution for locating, securing and controlling the movement of sensitive data and intellectual property within cloud collaboration environments and email systems.
Nitin Jain and Nitin Singhal have led this round of investment on behalf of IAN and joined the board of the company. This is IAN’s fourth major investment in a UK based startup.
Ascema has been developed by GeoLang, a wholly owned subsidiary of GeoLang Holdings, a business resilience and cyber security startup based in the UK. The company was founded by Debbie Garside and Lee Gillam to prevent high value data loss.
Debbie Garside, CEO and co-founder at GeoLang, said, “Ascema is defined by a core content fingerprinting, indexing and matching engine, which can be used on any file, data stream or other data source to assess the content. Based on an original algorithm developed initially by a UK intelligence agency, Ascema is innovative and highly technologically advanced – it can protect content down to the level of a sentence. IAN has been very supportive in providing us with their guidance and mentorship. I was very impressed with their professional approach and their understanding of the needs of small business. We are also already seeing added value in the leveraging of IAN member networks.”
IAN funds will be utilized to support GeoLang’s Go to Market Strategy for Ascema and further expand the Sales Resource.
