Investment firm VentureTECH Sdn. Bhd. has announced a strategic investment of RM7 million (about $1.5 million) in Nexagate Sdn. Bhd., a cybersecurity service provider in Malaysia.
This investment marks a significant move to support Nexagate’s growth phase, particularly focusing on the development of its Nexa Security Intel (NSI) Platform and the enhancement of its innovative cybersecurity solutions portfolio.
Nexagate offers a range of services, including risk compliance, security posture assessments, and Security Operation Centre (SOC) as-a-service.
These services are crucial for businesses and government organizations, helping them strengthen their defenses against cyber threats and bridging the digital divide.
Nexagate’s solutions are especially beneficial for small and medium-sized enterprises (SMEs), enabling them to adopt digital technologies more easily, thereby driving economic growth and job creation.
Ahmad Redzuan bin Sidek, CEO of VentureTECH, expressed excitement about the partnership.
“In this technology-driven era, cybersecurity is fundamental. Our collaboration with Nexagate is a step towards enhancing protection of interconnected systems and digital data. Nexagate’s approach to cybersecurity challenges resonates with our mission to support local technologies,” he said.
The cornerstone of Nexagate’s expansion is its NSI Platform, an innovative solution providing comprehensive cybersecurity visibility and leveraging artificial intelligence and machine learning.
This platform enables critical decision-making for enhancing cybersecurity postures in various organizations.
Khairil Effendy bin Ahmad Dhman Huri, Managing Director of Nexagate, commented on the company’s journey and future aspirations.
“Our partnership with VentureTECH is a pivotal step towards becoming a global cybersecurity leader. With our NSI platform, we aim to be a force for digital safety worldwide,” Ahmad Dhman Huri said.
The collaboration between VentureTECH and Nexagate underscores their commitment to advancing cybersecurity solutions and ensuring a safer digital environment for businesses and individuals.
In the face of evolving cyber threats, this partnership is poised to make significant contributions to the development and implementation of cutting-edge technologies that protect against emerging risks.
This partnership is a major milestone in the shared vision of VentureTECH and Nexagate, aiming to create a more secure digital world amid growing cyber threats.
AsiaTechDesk.com