Thailand: InVent, the corporate VC arm of Thailand-based Intouch Holdings, has announced investments into local startup Datafarm. The transaction details remain undisclosed.
Founded in 2012, Datafarm is a cyber security company that helps enterprises prevent cyber risks on their IT infrastructure by providing them with increased protection.
It helps government agencies and businesses protect their data through three main stages, which include penetration testing (Pentest), Vulnerability Assessment (VA), and cybersecurity consulting.
“The tools created by Datafarm focus on ease of use and can be compiled according to various standards/requirements at an affordable price which is scheduled to be released by the end of this year,” Pisuttisak Chongboonchuer, CEO of Datafarm, said.
“From funding support and business cooperation with Intouch affiliates, and tremendous increase of the cybersecurity market, company expects revenue will increase to 300 per cent within three to five years,” he further added.