Information risk management solution provider Paladion has secured $10 million from Nadathur Holdings, the investment firm run by Infosys co-founder NS Raghavan.
The money will be used to enhance Paladion’s cyber security intelligence platform, build a cloud security services platform and expand its Security Operation Centres (SOC) globally.
In 2001 Paladion, raised seed capital of $500,000 from Nadathur Holdings. The company currently claims to have revenues of $35 mn.
Rajat Mohanty, CEO, Paladion said
We intend to bring a ‘futuristic security intelligence platform’ to the market around internet of things.
NS Raghavan said
This is Nadathur’s third major investment in line with our vision of backing scalable entrepreneurs who could build global enterprises.
The company now manages information risks for over 700 customers.