Cybersecurity startup WiJungle raises seed funding from SOSV
Unified cyber security platform WiJungle recently raised its seed funding at a valuation of $22 million from US-based global venture capital firm SOSV.
The company aims to leverage the capital to enhance technical capabilities and boost its sales expansion plans.
Incepted by Karmesh Gupta and Praveen Gupta, WiJungle currently enables organisations to secure and strengthen their entire network through a single window. The AI and ML-driven security platform offer a comprehensive security stack encompassing multiple standalone solutions like Network Firewall, Web Application Firewall, Hotspot Gateway, SD-WAN, Data Leakage Prevention and Vulnerability Assessment, among others.
WiJungle is currently serving the government and private giants across industry verticals like hospitality, healthcare, education, defence, transportation, retail, BFSI and ITES, among others. The company is also among the highest-rated vendors on Gartner in network security and caters to the cybersecurity needs of businesses across multiple countries.
"Cybersecurity in the age of hybrid work and cross-border collaboration is an existential issue for companies of all sizes. WiJungle impresses us with their unwavering commitment to technical excellence and customer happiness, and we can't hope for a better team to tackle this challenge at a global level," said Oscar Ramos, Partner at SOSV.
“We decided to be a part of the SOSV program from the point of global scalability and the mentorship to co-work on our expansion plans. The cohort program proved to be an invaluable learning curve for us, starting from refinement in pitch and sales strategies to improvement in KPIs and growth plans. Indeed, SOSV has proved to be super founder-friendly and with this funding, we will be able to augment our technical capabilities, serve more customers across the globe and drive our sales strategies,” said Gupta.