Singapore’s SaaS startup Dexecure raises $762k from Cocoon, Walden

Dexecure Founder and CEO Inian Parameshwaran

Singapore-based software-as-a-service (SaaS) company Dexecure has announced raising a $762,000 (S$1 million) seed financing round from Southeast Asian seed-stage investor Cocoon Capital and international venture capital firm Walden International.

The company claims its algorithm can help customers optimize websites across devices, browsers and bandwidth conditions. It also allows website owners to measure the impact of increasing website performance on user engagement and sales.

“Dexecure shows how global innovation is shifting towards Asia. We found that the company enables speed increases for high-traffic websites at a 6x to 10x lower price point compared to existing solutions in the market,” said Will Klippgen, Managing Partner at Cocoon Capital. Klippgen will join Dexecure’s board of directors.

The startup was founded by Inian Parameshwaran, a 2014 graduate who worked as a research assistant in the systems security lab at the National University of Singapore. Dexecure was the first Singaporean startup to be included in the Y Combinator Fellowship Program.

In the last four months, Dexecure has optimized and served 568 million requests, saving 6.8 terabytes of data for its customers. It is also a part of the AWS Partner Network (APN) and offers its customers an accelerating software layer on top of the CloudFront service.

“With browsers coming up with new features every single month, it is almost impossible for website developers to keep track and change their code to optimize for performance. At Dexecure, we have a team of developers that monitor these changes and accelerate websites so that users anywhere can enjoy a fast browsing experience,” Parameshwaran said.

Dexecure’s initial ideas were based on three years of research at the National University of Singapore in collaboration with Anquan Capital Pte. Ltd.

Cocoon Capital is a S$10-million seed-stage venture firm while Walden International focuses on cross-border, IT opportunities with its total $2.6 billion in committed capital.

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Singapore: Fatfish-backed IT firm Cloudaron to acquire SaaS provider Ubertor for $3.2m

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.