Indonesian cybersecurity startup Peris.ai scores funding to enhance platform

Indonesia-based cybersecurity-as-a-service startup Peris.ai announced that it raised fresh funds in a round led by East Ventures and participated by Magic Fund. Financial details were not disclosed.

The startup, co-founded by David Samuel and Deden Gobel, said it will use the fresh funding to further build and enhance its cybersecurity platform, train machine learning and AI capabilities, and nurture the ethical hacker community.

Samuel was the former co-founder and chief technology officer of Ritase.com while Gobel was the former cybersecurity head of Ritase.com.

Peris.ai provides a solution to help these businesses and individuals in securing and strengthening their cybersecurity through comprehensive services, such as a bounty platform powered by ethical hackers, ongoing monitoring and protection of networks, systems, and data, as well as incident response and recovery services.

It has also created a robust innovation in its product by integrating artificial intelligence and machine learning capabilities to augment human efforts in securing IT infrastructures. By doing so, it allows more efficient and effective protection against attacks, as the system can continuously learn and adapt to new threats.

The usage of AI and machine learning enables the analysis and interpretation of a large amount of data, providing insights and recommendations that would not be possible through manual efforts alone.

“We are glad to receive this funding in supporting our mission to provide a comprehensive solution to protect every organization from cyber-attacks. 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,” Samuel, the startup’s CEO, said.

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

All of the services are performed with the advanced technologies and the expertise of Peris.ai’ cybersecurity consultants and software engineers, ensuring that all clients receive maximum protection.

The lead investor, East Ventures, is a pioneering and leading sector-agnostic venture capital firm. Founded in 2009, East Ventures has transformed into a holistic platform that provides multi-stage investment, from Seed to Growth stage investments, for over 250 tech companies across Southeast Asia.

East Ventures is the first investor of Indonesia’s unicorn companies, namely Tokopedia and Traveloka. Other notable companies in East Ventures’portfolio include Ruangguru, SIRCLO, Kudo (acquired by Grab), Loket (acquired by Gojek), Tech in Asia, Xendit, IDN Media, MokaPOS (acquired by Gojek), ShopBack, KoinWorks, Waresix, and Sociolla.