Pune-based enterprise security software company, Uniken, has just raised a round of funding from Nexus Venture Partners, reports the Economic Times. The amount of funding has not been disclosed, but the internet is claiming that it is around $4.8 million. This is Nexus’ second major investment
Uniken’s main product is the REL-ID platform which allows enterprise software to be accessed from remote clients (i.e. mobiles, laptops, or home computers of customers or employees) in a secure way, in spite of the fact that the client is connecting to the server via an untrusted internet connection.
Imagine a bank, which is able to give its customers a “secure” mobile app that connects to the bank servers over the internet, but then uses REL-ID’s “private communication circuts” to establish a secure connection between the app and the server. Similarly, imagine an the sales database of a company being accessed by one of the salespersons on the road using a laptop. REL-ID PCC can be used to secure the connection between the laptop and the enterprise app without requiring laptop to be on the company network, and without requiring a VPN.
So, how is Uniken’s solution different from using an SSL or IPSEC based VPN?
According to the company’s website, REL-ID PCC is based on the concept of App-to-App tunneling. VPN’s on the other hand are based on TCP/IP Tunneling technology. VPN’s are installed as virtual network adapters and need administrative rights on the client machine in order to install them. VPN’s do not come with in-built mutual authentication and encryption technologies, for that one has to additionally invest in 2-way SSL or IPSEC technologies, increasing the total cost and complexity of the solution. These solutions are not viable when it comes to roll-out to large number of users.
More information about the product is here and here.
The Economic Times reports:
The firm has filed three patents and expects to file 12 patents in next one year. “Uniken is disrupting the digital security space with this platform that provides military grade security with rich digital experience,” said Sandeep Singhal, managing director at Nexus.
So, in the last few days, we’ve made two additions to the list of Pune companies that have raised funding in recent times (and that is even without counting the 3rd round of funding for FirstCry, because that was already on the list.) Is any company missing from our list? Please let us know.