Singapore-based cybersecurity firm Cyfirma has raised an undisclosed amount in Series A investment from early- growth private equity fund Z3Partners, according to a statement.
This new investment, which comes just four months after Cyfirma’s separation from Antuit Group in October 2019, brings the company’s total funding to $8 million.
With this investment, Z3Partners joins Goldman Sachs and Zodius Capital as shareholders of Cyfirma.
The company said that it will use the fresh funding to further capitalize on its position in the cyber visibility and threat intelligence category in Japan to expand into markets across Asia, including India, and the US.
The funds will also be used to support the development roadmap of Cyfirma’s cyberintelligence analytics platform.
“I’m glad Z3Partners share in our vision. Having the financial support of Z3Partners will accelerate our product engineering efforts, grow our team, and bring our innovative threat intelligence platform to new markets rapidly,” said Ritesh Kumar, Founder and CEO of Cyfirma.
Headquartered in Singapore and Tokyo, Cyfirma offers predictive cyber threat visibility and intelligence analytics. It claims to help organisations proactively identify potential threats at the planning stage of cyberattacks, offer deep insights into their cyber landscape, and amplify their preparedness by keeping their cybersecurity posture up-to-date and resilient.
The firm was said to raise $5 million from Goldman Sachs and Zodius Capital in October last year.
Z3Partners, meanwhile, is an early-growth private equity fund that has invested in the India technology and digital market for over 20 years.