Peris.ai, a cybersecurity as a service startup, secured funding led by East Ventures

JAKARTA, 1 February 2023 — Peris.ai, Indonesian-based cybersecurity as a service startup, today announced the new funding led by East Ventures, the leading and pioneering sector-agnostic venture capital firm in Indonesia. Magic Fund also participated in this funding. Peris.ai will allocate the fresh fund mainly to further build and enhance its cybersecurity platform, train machine learning and AI capabilities, and nurture the ethical hacker community. 

"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. We believe Peris.ai is at the forefront in providing the right data protection solutions for every business and individual,” said David Samuel, Co-Founder and Chief Executive Officer of Peris.ai 

Peris.ai was co-founded by David Samuel (Chief Executive Officer), the former Co-Founder and Chief Technology Officer of Ritase.com, and Deden Gobel (Chief Technology Officer), the former Cybersecurity Head of Ritase.com. Both of them bring extensive and proven experiences in the tech industry, especially in cybersecurity. 

Cyber attacks and data breaches can lead to severe consequences for businesses and individuals, including the loss of sensitive information, financial damage, and reputational harm. 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.

Peris.ai 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. 

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. 

“We welcome Peris.ai into East Ventures’ family. The advancement of technology should be followed by strong data protection. An organization's security level is no stronger than its weakest spot. It requires a holistic approach, including local relevancy. We believe Peris.ai is building cyber security solutions based on what the local and regional needs,” said Willson Cuaca, Co-Founder and Managing Partner at East Ventures.

Peris.ai has recorded a minimum of 20% month-over-month growth in Monthly Recurring Revenue (MRR). Peris.ai comprises 13 highly skilled individuals with in-depth knowledge and expertise in cybersecurity and software engineering. Moreover, Peris.ai is supported by a community of more than 1,200 ethical hackers who help the Team stay up-to-date with the latest threats and vulnerabilities. 

‍