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Peris.ai, a cybersecurity startup built by Ritase co-founder, gets East Ventures backing

The Peris.AI team

Indonesian cybersecurity-as-a-service startup Peris.ai has raised an undisclosed sum in funding led by East Ventures, with participation from Magic Fund.

The startup will use the money to build and enhance its cybersecurity platform, train Machine Learning and AI capabilities, and nurture the ethical hacker community. Peris is supported by a community of more than 1,200 ethical hackers.

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“With constantly evolving cybersecurity threats and how there has been a significant increase in reliance on technology and connected devices, the potential for cyber attacks is more significant than ever. We believe Peris.ai is at the forefront in providing the right data protection solutions for every business and individual,” said David Samuel, Co-Founder and Chief Executive Officer of Peris.ai

Peris.ai was co-founded by David Samuel (CEO), Co-Founder and former CTO of Ritase.com and its former Cybersecurity Head Deden Gobel.

Peris.ai offers its solution as a subscription-based service with different pricing tiers based on the organisation’s needs. It also provides a specialised SaaS-based platform for high-risk industries and companies with complex IT infrastructures.

All the services are performed with the advanced technologies and the expertise of Peris.ai’s cybersecurity consultants and software engineers to ensure maximum protection. It comprises 13 highly skilled individuals with in-depth knowledge and expertise in cybersecurity and software engineering.

Peris.ai claims it has recorded a minimum of 20 per cent month-over-month growth in monthly recurring revenue (MRR).

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“The advancement of technology should be followed by strong data protection. An organisation’s security level is no stronger than its weakest spot. It requires a holistic approach, including local relevancy. We believe Peris.ai is building cyber security solutions based on local and regional needs,” said Willson Cuaca, Co-Founder and Managing Partner at East Ventures.

The co-founders’ previous startup Ritase provided a trucking services platform in Indonesia. In 2019, it raised US$8.5 million in Series A funding led by Golden Gate Ventures, with participation from Jafco Asia, ZWC Ventures Insignia Ventures Partners, Beenext, and Skystar Capital.

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