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Deal update: Nexus Venture Partners invests in Uniken

Nexus Venture Partners, India’s leading venture capital firm, announced investment in Uniken (www.uniken.com), a market leader in creating ‘Secure Digital Enterprises’.

“Uniken is disrupting the digital security space with its REL-ID platform that provides military grade security with rich digital experience. We are very impressed with the Uniken team’s passion and speed of execution and excited about this partnership.” said Sandeep Singhal, Co-founder, Managing Director, Nexus Venture Partners who will be joining Uniken’s board. 

Uniken, is a proven security and innovation partner to leading banks and financial institutions, and currently has over a million users on its flagship REL-ID platform. REL-ID, a next generation secure digital platform developed at the Uniken Innovation Center, is a holistic plug and play solution which secures the trusted relationships of an enterprise and enables the delivery of a rich, ubiquitous and secure digital experience to its customers, partners and employees across various platforms and devices. 

Founded in 2003 by a team of senior executives from Tata Research Center, Infosys, IMR Global Services, Uniken is headquartered in Odessa, Florida with its Innovation Center based in Pune, India. “The advent of technologically advanced ways to deliver online services to customers, collaborate digitally with partners and provide a digital workspace to employees – has given birth to new set of threats which are capable of thwarting traditional security controls thereby breaking trust between the organisation and its customers, partners and employees” said Gopi Gopalan, Chairman of Uniken Board. “We are seeing rapid adoption of our path breaking REL-ID platform which provides secure, rich and consistent experience with simplified infrastructure and low investment. With this round of funding, we expect to further leverage the massive market opportunity and accelerate our growth.” 

Sanjay Deshpande, Founder Director, CEO and Chief Innovation Officer, Uniken said “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.” 

About Nexus Venture Partners 

Nexus Venture Partners is India’s leading venture capital fund, with offices in India and Silicon Valley. Nexus team consists of entrepreneurs who have founded and scaled large global companies. The team has invested in a variety of companies leading to numerous successful public offerings and M&A transactions. Nexus has around $600mn under management with an active portfolio of over 50 companies across Technology, Internet, Media, Consumer, and Business Services sectors. The Nexus team plays an active role in helping entrepreneurs and management teams build market leading businesses. 

Nexus partner companies include Cloud.com (acquired by Citrix), Gluster (acquired by Red Hat), Komli, Pubmatic, DimDim (acquired by Salesforce), Snapdeal.com, Netmagic (acquired by NTT Com), Indix, ScaleArc. 

About Uniken 

Uniken is a market leader in creating ‘Secure Digital Enterprises’ through its patented technologies which secure the trusted relationships of an organization with its customers, employees and partners, and also provide a next generation digital experience. Uniken, has been a proven security and innovation partner to the leading organizations, and currently has over a million users on its flagship REL-ID™ platform. 

Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

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