Private Equity VC Fund Investments
Data security startup Induz raises $780-K led by YourNest VC
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Hyderabad-based data security startup Induz has raised USD 780,000 in a seed round led by YourNest Venture Capital. The round also saw participation from SanchiConnect (through YourNest-SanchiConnect Velocity Programme 2024). Yournest invested USD 750,000 and Sachi Connect invested USD 30,000.The new funds will be used by the company to obtain key certifications for product development, and for hiring talent. The company is also planning to launch Confidential Identity and Access Management (Confidential IAM).Founded in 2023, Induz aims to provide security to data owners and companies in order for the companies and owners to retain full control over sensitive information.