Gobi Partners has made a strategic investment in ArmourZero, a cybersecurity platform aimed at enhancing security for SMEs in Southeast Asia.

Information on the Target

ArmourZero Holdings Pte Ltd, co-founded by cybersecurity expert Tho Kit Hoong and tech innovator Chong Wai Lun, is a cloud-based cybersecurity platform that began operations in January 2023. Focused on addressing the cybersecurity needs of software developers and small and medium enterprises (SMEs), ArmourZero is strategically positioned to serve a critical yet underserved segment of the digital economy. The company's core activities are based in Malaysia, where it operates alongside wholly owned subsidiaries in Singapore and Indonesia.

ArmourZero offers a range of innovative solutions aimed at countering high cyber threat incidences, improving threat containment measures, and delivering cost-effective integrated security systems. Among its key offerings are ShieldOne and ScoutTwo, designed to streamline cybersecurity operations and enhance application security, respectively. Through these platforms, ArmourZero seeks to simplify cybersecurity for businesses of all sizes and fortify their defenses against potential threats.

Industry Overview in Malaysia

The cybersecurity landscape in Southeast Asia, particularly Malaysia, is on a robust growth trajectory, projected to expand from USD 35 billion in 2023 to USD 84 billion by 2028. The surge in digital transformation and an increase in cyber threats