India Development News & Foreign Investment Opportunities

Indian cybersecurity startups pitch at ICE71 Demo Day

Blue Phish: an e-learning platform


Blue Phish: an e-learning platform



Two Indian origin cybersecurity startups have pitched to Singapore-based investors for funds to build markets for their concepts on cybersecurity.

Seconize has come out of Bengalore and recently set up a Singapore office for expansion across Asia Pacific. It has already secured support from Singapore telecom giant, Singtel, and National University of Singapore (NUS) Enterprise.

Seconize enables enterprises to manage their cyber risks through its continuous predictive risk intelligence product.

Each cyberattack damages could cost as much as US$4 million in damages through disruption to enterprises and businesses, cautioned Chetan Anand, CEO & Co-Founder of Seconize, founded in 2017 in Bengalore.

Seconize’s proof of concept has been tried out by a large Indian enterprise, said Anand who pitched for investment at the Innovation Cybersecurity Ecosystem at BLOCK71 (ICE71) Accelerate’s 2nd Demo Day in Singapore on Wednesday.

Seconize is listed among the top in NASSCOM 10,000 startups and recognized by the Data Security Council of India.

Similarly, women-led Blue Phish is an e-Learning platform, which localises micro-modules in all major languages and enable companies to reduce their cyber risk and meet compliance standards.

It assesses and trains the workforce in cybersecurity awareness, building human firewalls, said its co-founder, Shaily Shah on 8 May 2019.

Shah, a Canadian citizen, along with British national of Indian origin Narinder Kaur Bual and Sindhu Nair from Kerala have been building Blue Phish since 2017. They are in the process of setting up development offices in India, Vietnam and Malaysia.

ICE71 advances cybersecurity innovation in Asia, presenting 10 start-ups at its second ICE71 Accelerate ‘Demo Day’.

Over 200 investors attended the ICE71 Accelerated ‘Demo Day’ which also had startups from Singapore, Turkey, Vietnam, the UK, and the US.

The latest cohort of start-ups was chosen to participate in the three-month ICE71 Accelerate programme, supporting the development and acceleration of their growth, said Singtel Innov8 and NUS Enterprise on 9 May 2019.

“Increasingly, enterprises and governments need to work more closely with start-ups to address the frequency, scale, and sophistication of cyber threats globally,” said Edgar Hardless, CEO of Singtel Innov8.

“By bringing together these promising start-ups and connecting them with leading investors, enterprises and government agencies, we aim to accelerate their growth to the next stage.

“This strengthens Singapore’s cybersecurity ecosystem and positions the country as the leading regional cybersecurity hub. This also creates a conducive environment for the roll-out of new and innovative technologies which can power Singapore’s Smart Nation goals,” said Hardless.

“Cybersecurity is among the key pillars supporting Singapore’s Smart Nation ambitions. It is therefore crucial for our people, businesses and enterprises to be well protected in today’s digital environment,” elaborated Professor Freddy Boey, Deputy President (Innovation and Enterprise) of NUS.

“The key to supporting the nation’s ambitions lies in driving cybersecurity innovation and encouraging more enterprising cybersecurity entrepreneurs and start-ups to make Singapore their home,” said Boey.

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