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Uniken raises $2 million from Exfinity Venture Partners; international expansion and growth in India planned


Digital security company Uniken has raised $2 million in funding from Exfinity Venture Partners, reports ET. Uniken will use the funds for international expansion and grow their presence in India. This will include establishing a foothold in the US through adding employees, investing in technology, infrastructure and the brand.

In January last year, Uniken had raised ~Rs 30 crore from Nexus Venture Partners to expand its operations to international markets like USA and Israel.

Its product REL-ID, a secure digital platform developed at the Uniken Innovation Center, is a plug and play solution which provides security across various platforms and devices. REL-ID includes solutions such as REL-ID personal banking, corporate banking, partner access, print, employee access and collaborate. For REL-ID, it lists customers like Axis Bank, Bank of India, ING Vysya Bank, Yes Bank and SBI. Uniken has also seen customers in Indian defence orgs such as WESEE and NSG. In Israel, Uniken has a tie up with Israeli system integrator company Bynet.

The platform provides biometric access, enterprise mobile solutions, collaboration platform and remote branch operations for employees. On the customer end, it provides quick apps to secure all customer activities. The company also provides research and innovation services to its clients which include product engineering and enterprise computing in network security, identity & authentication and intelligent software systems.

Uniken was founded by Sanjay Deshpande, Nanjundeshwar Ganapathy, Prakash Salvi and Nilesh Dhande in 2003. It is headquartered in Florida with an Innovation Center in Pune. The company provides security solutions to banks and financial institutions, and claims to have over 2 million users in India. The company recently appointed Thane Plambeck and Greg Whitehead to the board as technology advisors and Menny Barzilay as chief security evangelist.

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