Aujas Raises Series B Funding

Online, December 5, 2013 (Newswire.com) - Aujas, a Global Information Risk Management (IRM) services company, today announced that it has raised Series B round of funding, from IvyCap Ventures, Rajasthan Venture Capital Fund (RVCF) and IDG Ventures. The funding will be used to strengthen the company's global operations and development of a unique security platform.

 
Aujas was set up in 2008 with seed funding from IDG Ventures, has witnessed over 100% year on year growth and partners with over 300 clients in North America, South Asia and the Middle East. The company's unique service offerings based on its vision of enhancing information value by managing risk has been valued by clients across various industry segments.

Speaking on the occasion of the announcement, Srinivas Rao, Co-founder and CEO of Aujas said, "Aujas is built on strong fundamentals of differentiated services and delivery excellence. This funding will allow continue the investments in our global operations and technology". "Our focus on innovation has enabled us deliver value to clients, which would be further enhanced by the Aujas security platform," added Sameer Shelke, Co-founder and CTO of Aujas.

"There are few information risk management services companies globally that holistically address rapidly evolving security requirements of organizations. Aujas has successfully positioned itself as a premier global player in this market, and we are excited to have IvyCap Ventures and Rajasthan Venture Capital Fund onboard as valuable investors in Aujas" said Sudhir Sethi, Founder, Chairman& Managing Director of IDG Ventures.

"We are very excited by the potential of the Aujas's business model, and the growth prospects of the information security space," said Vikram Gupta, Founder and Managing Partner, IvyCap Ventures who would be joining the Board of Aujas.

Commenting on the transaction, Girish Gupta, CEO-RVCF, who would also be joining the Board of Aujas, said "Aujas has tremendous experience in the Information security industry, which is witnessing high growth.  With the fresh infusion, the company will be able to emerge as leading global provider of information security services". For More Visit : www.aujas.com