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 and 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.”
With a focus to expand sales & marketing efforts and product engineering, the funding will be deployed to further develop the product features and hiring talent.
“The cloud and ‘as-a-service’ delivery models are transforming the IT landscape and we see tremendous opportunity in the rapidly-growing cybersecurity industry. InstaSafe Security-as-a-Service model is disruptive and holds global potential,” said Anthony (Tony) Thomas, founding member of CIO Angel Network.
InstaSafe is supported by Microsoft Ventures & Citrix Innovators Program. It received financial assistance as part of the Citrix Accelerator Innovators Program in March 2015.
