Digital security technology company Uniken has secured Rs 30 crore in funding from Nexus Venture Partners.
The company’s flagship product REL-ID, a secure digital plug and play platform, has around one million customers across segments like banking, financial services and insurance. The firm has filed for three patents and expects to file 12 more patents during the next one year.
The company plans to use the newly raised funds to expand into international markets like the US and Israel.
Uniken was founded in 2003 by Sanjay Deshpande, Nanjundeshwar Ganapathy and Nilesh Dhande and Prakash Salve . The company is headquartered in Florida,USA and has its innovation center in Pune.
“The advent of technologically advanced ways to deliver online services to customers, collaborate digitally with partners and provide a digital workspace to employees – has given birth to new set of threats which are capable of thwarting traditional security controls thereby breaking trust between the organisation and its customers, partners and employees” said Gopi Gopalan, Chairman of Uniken Board.
In the security space, the company competes with others like RSA, Symantec and Vasco.
Back in October 2013, Nexus Venture Partners along with Sequoia Capital and Tenaya Capital invested $ 25 mn in security solutions company Druva in a Series C funding round.