Singtel Innov8 makes strategic investment in US cybersecurity firm Attivo Networks

Graphic from Singtel Innov8 Facebook page.

Attivo Networks, which develops and provides deception solutions for cybersecurity defence, has closed a strategic investment from Singtel Innov8, the venture capital arm of the Singtel Group, according to a statement.

Financial terms of the transaction are undisclosed.

The company will use the funding to accelerate expansion into Asia Pacific markets.

Singtel Innov8 joins current investors Bain Capital Ventures, Omidyar Technology Ventures and Trident Capital Cybersecurity, who have  provided $47.5 million in funding to Attivo Networks.

US-based Attivo Networks provides real-time detection, analysis, and accelerated response to advanced, credential, insider, and ransomware cyberattacks.

The company claims to have increased revenues by more than 300 per cent year over year, building a list of customers that includes Fortune 50 enterprises.

“Singtel Innov8’s investment opens up new market opportunities for Attivo Networks and aligns the company for aggressive international growth,” said Tushar Kothari, CEO, Attivo Networks.

“There is clear pent-up demand in the Asia Pacific region and worldwide for advanced threat detection and response solutions by organizations requiring a new model for cyber resilience. This funding and access to Asia Pacific Markets will be instrumental in further expanding the Attivo Networks customer base and in supporting the needs of global customers.”

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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.