India cloud-based biometric access firm secures seed funding
13 January 2017 15:32 GMT

Bangalore-based SecurAX, which develops biometrics-backed secure access and workforce tracking solutions, has raised an undisclosed amount of funding from companies including Axilor and the Parampara Early Stage Opportunities Fund.

SecurAX platform has said that its platform is already being used by 75,000 users across 125 customers.

“We have grown our SaaS user base 2.5 times in the last six months. The investment from Axilor Ventures and Parampara will help us scale operations” said Deepak Belavadi, cofounder, SecurAX.

Srinath Batni, cofounder of Axilor Ventures, said: Cloud-based technologies are driving new business models. SecurAX is well positioned to build on its leadership in the biometrics space and scale its SaaS offering, globally.

SecurAX is a Business-to-Business (B2B) Software-as a-Service (SaaS) platform that enables customers through biometrics, mobile app and geo tracking to effectively track the workforce.

The firm say that its SaaS model helps its client companies to reduce physical-infrastructure investment, maintenance and software licensing costs. It also helps customers reduce operational overheads through a pay-as-you-go pricing model.

Axilor Ventures, which invested in the current round, is a new generation platform for supporting early stage entrepreneurs. It was founded by S.D. Shibulal, Kris Gopalakrishnan, Srinath Batni, Professor Tarun Khanna and Ganapathy Venugopal. Through its various programs, which include Accelerator, Scale-up and Early Stage Funding, Axilor is aiming to support early stage entrepreneurs and improve their odds of success.