A Singapore-based software security provider Aiculus raised US$ 670K in a seed funding round on 9 July.
The round was led by early-stage Venture Capital firm Cocoon Capital and an undisclosed angel investor. The funds will be used towards growing the Aiculus technology team as well as accelerating growth across Australia, Singapore and Southeast Asia.
About Aiculus
The company was founded in October 2017, by Omaru Maruatona. Aiculus is a cybersecurity startup specializing in API (Application Programming Interface) security and risk management products. It provides organizations with new technologies without increasing their risk profile. In addition, They apply for advances in Artificial Intelligence to secure APIs. Aiculus helps organizations take advantage of new technology while securely protecting their privacy and data systems. It also provides Cyber Security and Artificial Intelligence services. Aiculus has offices in Singapore and Australia.
Its product, Harambi API Protector screens API traffic. Also, automatically detects and stops fraud API calls that try to invade an organization’s data and services. In addition, The protector uses advanced AI Machine Learning to monitor API traffic, without consuming sensitive information. hance privacy standards are maintained.
About the Founder
Dr. Omaru Maruatona is the CEO of Aiculus. He is a cybersecurity and machine learning practitioner with industry and research experience. Dr. Omaru was a Technical Security Analyst in the Australian company Computershare and a Cybersecurity architect and strategist in PwC Australia. Also, Dr Omaru is a leader in the area of Cyber-AI. He often speaks at various academic and industry conferences worldwide.
Fundraise details
Aiculus had participated in ICE71 Accelerate, a three-month accelerator program for early-stage cybersecurity startups, where it received funding from Singtel Innov8 and NUS Enterprise. Also, One of the awarded Singapore government innovation grants for its contribution to the integrated knowledge base of API threats and API security.
In addition, Cocoon Capital, Managing Partner Will Klippgen said that his team impressed with the quality of Aiculus’ customers. He has also joined Aiculus’s board of directors. Some of the notable partners of Aiculus include RMIT University, outcome. life, Amazon web services, Delft Partners, and ASIA among others.
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