February - 2014 - issue > Venture Beat

Uniken raises '30 Crores from Nexus Venture Partners

SI Team

Wednesday, February 5, 2014

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Uniken, a security solution provider for enterprises, raises Rs.30 crores from Nexus Venture Partners. The fund will be used to expand the company’s operations into international markets like the U.S. and Israel. Sandeep Singhal, Co-Founder and Managing Director, Nexus Venture Partners, will be joining Uniken’s board. Last year the company raised around Rs.6 crores in venture funding bringing the total fund raised till date over Rs.36 crores.

Founded in 2003, it was established by Sanjay Deshpande, Nandundeshwar Ganapathy, Nilesh Dhande and Prakash Salve. Uniken is headquartered in Odessa, Florida with its innovation center based in Pune, India. The company provides security solution to number of financial institutions & bank, and currently claims to have over a million users on its flagship REL-ID platform.

Sanjay Deshpande, Founder Director, CEO & Chief Innovation Officers, Uniken, says, "Nexus Venture Partners’ confidence in Uniken validates our longstanding belief that the use of internet for service delivery puts organizations at risk and no amount of security patches will help as internet was never designed to be a secure channel. REL-ID is the only platform that solves this problem at the foundation".

Uniken Innovation Center develops a holistic plug and play solution REL-ID, a next generation secure digital platform through its patented technologies, which protect the trusted relationships of an organization with its clients, employees and partners across various platforms, and also delivers a next generation digital experience.