CIO Angel Network (CAN) has made an undisclosed investment in Bangalore-based InstaSafe, a Cloud based Security solutions provider that helps mobile & remote workers securely access enterprise apps, email and web on a SaaS model. CIO Angel Network (CAN) has initiated this deal and co-invested with Indian Angel Network (IAN) in this round.
Founded by Sandip Kumar Panda, Biju George, Prashanth Guruswamy & Deepak Panigrahy in Nov 2012, InstaSafe has built a cross functional team with deep business & technical domain expertise. Prior to founding InstaSafe, Sandip was with Blue Coat Systems, leading India & SAARC markets. He has also worked with Symantec & WeP (Wipro) where he led product businesses & multiple cross functional leadership roles.
Sandip Kumar Panda, founder and CEO, InstaSafe said, “We have had an experiential journey with IAN & CAN. The CIO Angel Networks backing gives us awesome validation. The collective industry knowledge and business acumen of leading CIO’s, will help us validate the market opportunities even better going forward. At InstaSafe, it’s our mission is to make organizations more safe, secure & productive by leveraging the power of the cloud. We believe our platform can become the trusted cloud-based security layer globally that spans organizations, applications and devices to enable users to get work done more safely, efficiently—when, where and how they want. We believe that InstaSafe has the potential to emerge as global company out of India.”
Courtesy: DQIndia