AppViewX, a security SaaS company with US headquarters, has secured $20 million in a Series B investment that Brighton Park Capital spearheaded. The corporation opened its third global centre of excellence in India, with 100 seats, in Bengaluru.
AppViewX, a company founded in 2017 by Anand Purusothaman, provides self-driven machine identity management and application infrastructure security, assisting businesses in preventing detrimental occurrences and ensuring compliance with international cybersecurity standards.
For Fortune 1000 organizations, including six of the top global commercial banks, five of the top media firms, and five well-known managed healthcare providers; the startup automates network operations, security operations, and software development operations.
AppViewX will improve its product development, go-to-market operations, and revenue growth strategies using the money from this round. This comes after the company’s operations in the US, the UK, India, and Australia nearly quadrupled its employment since 2019.
The worldwide SaaS market is anticipated to develop at a compound yearly growth rate of 25.9% and reach a US $720.4 billion value by 2028.