Bengaluru: Wegilant, a Mumbai-based android apps security scanner, raises $500,000 in Series A funding round from its existing investors Ravi Gururaj (Chairman of NASSCOM Product Council), Gaurav Sharma (Director at Yahoo Inc.), Viswanath Ramachandran (Ex-Gupshup CTO), SINE-IIT Bombay Business Incubator, RippleWave and another undisclosed investor. The company plans to extend its client database and improve its R&D facilities.
Speaking about the new funding, Toshendra Sharma, CEO, Wegilant says, “The funds will be used towards technology expansion, research and development and customer acquisition. Previously, we were offering app security solutions in the Android environment only and now as a natural business extension, are expanding to iOS & Windows operating systems as well”.
He further adds, “Mobile security is a global issue and our mission is to become a de-facto standard in this space. We would be carrying out the global sales operations from India itself. There is a more focused effort to constantly evolve the product in the light of new innovations in the mobile security market and black hats market. Apart from Appvigil, our flagship product, the company is developing new security products too. We intend to build a globally admired company by solving customer problems.”
Wegilant was founded in 2011 by Toshendra Sharma, an IIT-Bombay alumni. Wegilant helps the businesses to protect their android apps and IT infrastructure by proffering the necessary strategies, capabilities and technologies. The company’s flagship product, Appvigil acts as a Mobile Reputation Protection Suite for Enterprises. It scans the mobiles apps for any security vulnerabilities and identifies whether the mobile app is safe from hackers. The mobile phone users can also install the ‘Appvigil’ app freely available on the Google Play store and check the hackability of the mobile applications that they have installed on their mobile and report it to the developer if any bugs exist.