wordpress blog stats
Connect with us

Hi, what are you looking for?

SysCloud secures $2.5M from Inventus Capital Partners & KAE Capital

SysCloud

Chennai & US-based SysCloud that provides data backup and security for enterprises using Google Apps, has raised $2.5 million series A funding from Inventus Capital Partners and existing investor KAE Capital.

SysCloud CEO Vijay Krishna mentions that the new round of  funding will be used to expand to other cloud-based collaboration tools including Microsoft Office 365, Salesforce, Dropbox and Box. It also plans to use this investment to expand its sales and marketing efforts and scale up its operations. 

Founded in 2010, SysCloud allows companies to create policies to protect personal identifiable information, automatically enforce Google Drive’s security policies to protect against exposure of sensitive data and get insights into how data is shared within the organization and to the public.

The company offers this service through various bundles starting at $0.7 per user per month and going up to $2.5 per user per month. It also has a full enterprise bundle priced at $695 per terabyte per month.

SysCloud also provides an automated Google Apps migration tool that helps businesses and educational institutions to migrate to Google Apps from Microsoft Exchange, Outlook, Yahoo, GoDaddy or any IMAP compatible platform. The company claims to have more than half a million customers across enterprises and educational institutions which use Google Apps.

Competition

Other players inclde CloudLock and Backupify which already provide similar services. CloudLock and Backupify  already have modules for Salesforce. Backupify also provides services to save posts on Twitter & Facebook for enterprises and has Box integration.

As TechCrunch points out, the firm would also probably face competition from vendors it supports, who might launch similar services over time for enterprises. For instance, Google Apps already offers security and auditing features for its enterprise customers. This is where having a cross-vendor support would help, which the company seems to addressing with this investment.

You May Also Like

News

Paytm has hived off its payment gateway business into a separate entity, Paytm Payments Gateway Service Pvt Ltd, and has infused ₹100 crore worth...

News

Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...

News

The Securities and Exchange Board of India (SEBI) will now allow investors to make UPI payments to purchase public issues of debt securities, it...

News

US-based Kora Investments has pumped $52 million into Zomato, with a larger amount follow-up amount expected in the coming months, Mint reported. The big...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ