Posted on Leave a comment

Cybersecurity startup Blackpanda raises US$6.7M for Asia expansion

Blackpanda founder and group CEO Gene Yu

Blackpanda, a cyber emergency response startup based in Singapore, has raised US$6.7 million in strategic funding from Singtel Innov8, Gaw Capital Partners, and WI Harper Group.

This brings the firm’s total Series A round to US$21.7 million.

The fresh financing will accelerate Blackpanda’s expansion across Asia and enhance its IR-1 cyber security solution.

Blackpanda provides solutions for businesses to prepare for, respond to, and recover from cyberattacks. Its IR-1 solution addresses the entire cyber attack lifecycle. It ensures readiness through incident response preparation services enhanced by proactive attack surface management (ASM), expedites response with 24/7 incident response, and delivers automated access to financial recovery via comprehensive cyber insurance.

Also Read: Cybersecurity firm Blackpanda closes US$15M Series A to deepen its Asia presence

This unified approach simplifies cyber security management, reduces costs, and provides businesses with immediate access to enterprise-grade protection and emergency response services.

“With the growing demand for cost-efficient and effective cyber incident response and cyber insurance across Asia Pacific, we see a significant opportunity for Blackpanda’s localised and segment-focused product suite to expand and grow in the region,” said Wan Kum Tho, MD Investments, APAC of Singtel Innov8.

Blackpanda counts major telecommunications providers as strategic partners of its cyber protection solutions across Asia, including Singtel, Macroview (an HGC group company), and Companhia de Telecomunicações de Macau (CTM).

In January last year, Blackpanda secured US$15 million in its Series A funding round led by Primavera Venture Partners and Gaw Capital Partners.

The post Cybersecurity startup Blackpanda raises US$6.7M for Asia expansion appeared first on e27.

Leave a Reply

Your email address will not be published. Required fields are marked *