Induz, a data security startup, has raised USD 780,000 in venture capital funding led by YourNest to enhance its proprietary technology and expand its secure infrastructure offerings.

Information on the Target

Induz is an innovative startup that specializes in data security and confidential computing solutions. Established in Hyderabad in 2023, the company emerged in response to the escalating concerns over data security, highlighted by significant breaches such as the Capital One incident in 2019, which compromised the information of over 100 million individuals. With a mission to enhance data protection, Induz positions itself as the world’s first Confidential Storage Software as a Service (SaaS) provider, utilizing cutting-edge technology to promote a zero-trust model in data management.

Through its proprietary Confidential Storage solution, Induz offers businesses the ability to secure sensitive data across various cloud environments—including public, private, and hybrid models—without the reliance on third-party infrastructure providers. The company's infrastructure is powered by Intel SGX technology, which provides robust, encrypted data management capabilities, ensuring that neither cloud providers nor Induz itself can access their clients' confidential information.

Industry Overview in India's Data Security Sector

The data security industry in India is experiencing rapid growth, driven by an increasing reliance on digital transactions and cloud computing. As businesses and consumers increasingly shift online, the need for fort