Pune-headquartered digital security firm Uniken has raised ₹12 crore from Exfinity Venture Partners, a Bengaluru-based venture capital fund formed by veterans like TV Mohandas Pai, V Balakrishnan, Girish Paranjpe and Deepak Ghaisas.

The funds raised will be channelled to fuel international expansion and to establish market leadership in India.

Uniken is emerging as a market heavyweight in securing digital services within India and has successfully launched its flagship product, REL-ID in Israel, a platform that enables the rapid growth of digital connections, securely. Balakrishnan V, Chairman of Exfinity Venture Partners, said: “Exfinity’s philosophy is to back companies that create disruption and Uniken fits the bill perfectly.” The worldwide cyber security market is estimated to grow from $71 billion in 2014 to $155 billion by 2019. Global spending on mobile and network security is estimated at $11 billion annually, and growing. Uniken’s REL-ID creates a scalable private digital network of users, apps and devices.”

The funding will be used toward new investments in further cementing its position in the Indian digital security space and establishing itself in the US market by investing in people, technology, brand and infrastructure.

Uniken raised the first round of funding from Nexus Venture Partners last year. The company recently inducted Thane Plambeck and Greg Whitehead to the board as Technology Advisors and cyber-security strategist, Menny Barzilay, former CISO of Israeli Defence Forces, in the capacity of Chief Security Evangelist.

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