- Options enable SMEs to mitigate dangers, boost their electric defences ,
- Investment made through Gobi Dana Impact Ventures, backed by Khazanah National
Gobi Partners, Asia’s leading venture capital firm, has announced an undisclosed investment in ArmourZero Holdings Pte Ltd, a cloud-based cybersecurity platform offering AI-powered Application Security and Security-as-a-Service ( SECaaS ).
This expense, made through the Gobi Dana Impak Ventures account backed by Khazanah Nasional Berhad, coincides with Khazanah’s Dana Impak mission. The funding demonstrates Gobi’s commitment to supporting businesses and advancing security in Southeast Asia.
Founded in 2022, ArmourZero commenced operations in January 2023 and operates through wholly owned subsidiaries in Malaysia, Singapore, and Indonesia, with its main business routines centred in Malaysia. The partnership between security expert Tho Kit Hoong and technology innovator Chong Wai Lun, which focuses on meeting the security needs of software developers and small and medium enterprises, a crucial but underprivileged sector of the modern economy.
ArmourZero’s system tackles great cyber risk incidence, limited threat containment, expensive costs, and limited access to included security systems. Its essential options include:
- ShieldOne- Integrated Hazard Monitoring, Management, and Answer: ShieldOne streamlines security operations by integrating terminal security, e-mail protection, patch management, and more into a single platform. It provides real-time risk protection, 24/7 Tried Detection and Response, and a hassle-free knowledge. Partnering with industry leaders such as CrowdStrike, Checkpoint ( Avanan ), Bitdefender, and BitSight, ShieldOne helps businesses reduce complexity and strengthen their security posture.
- Handled Detection and Response ( MDR): A key element of ShieldOne, MDR offers real-time risk monitoring, proactive event management, and rapid reply. Delivered by a dedicated staff of security analysts, it ensures enterprise-grade security at a cost-effective value.
- ScoutTwo- AI-powered Application Security: ScoutTwo maintains web and mobile apps from creation to implementation. It provides immediate risk monitoring, risk prioritisation, and AI-powered restoration tips. ScoutTwo improves software safety at every stage while ensuring business continuity and preventing cyberattacks.
According to Tho Kit Hoong, CEO and co-founder of ArmourZero, “our aim is to reinvent security by making it simpler and more available for businesses of all sizes.”
He continued,” This expense accelerates our creativity and strengthens our commitment to providing strong, AI-driven security solutions that simplify security and eliminate complexity.”
addressing Southeast Asia’s Growing Need for Cybersecurity
Southeast Asia’s cybersecurity market is expected to grow from US$ 35billion ( RM156billion ) in2023 to US$ 35billion ( RM156billion ) in2023to US$ 84 billion ( RM375 billion ) by 2028, driven by escalating cyber threats and digital transformation. SMEs, comprising 99 % of Malay companies, experience significant risk due to limited tools and knowledge.
]RM1 = US$ 0.22]
ArmourZero’s options bridge this gap, enabling SMEs to mitigate risks, lower costs, and boost their online defences. Malaysia recorded over 28, 000 attacks in 2022, with virtual incidents between 2017 and 2021 resulting in RM2.23 billion in monetary loss. According to studies, organizations that resolve intrusions within 200 days substantially lower costs. ArmourZero’s fast violation detection and response abilities help businesses contain risks, minimise losses, and strengthen their security position.
Potential Intentions and Regional Impact
ArmourZero plans to expand its footprint across Southeast Asia by introducing more creative, game-changing products to improve security for businesses. This complies with Gobi Partners ‘ desire to support businesses that generate substantial benefits and sustainably grow.
By making cybersecurity available for businesses and online applications, as well as SMEs, ArmourZero is addressing a crucial issue, according to Jamaludin Bujang, Managing Partner of Gobi Partners.” A essential segment that drives financial growth remains underprivileged in electronic protection,” said Bujang.
Their cutting-edge platform and leadership team “exemplify Gobi’s commitment to supporting startups that have a significant impact,” he continued.
Dana Impak is a key foundation of Khazanah’s Advancing Malaysia plan, anchored by the’ A Nation That Creates ‘ foundation, which aims to boost regional productivity and competitiveness. Dana Impak initiatives aim to enable Indonesian businesses of all sizes and across various life cycles, including businesses, little to mid-tier organizations, as well as large companies, with the objective of improving the employment of areas.
ArmourZero is offering a special 50 % discount on ScoutTwo, its AI-powered DevSecOps platform, as part of its commitment to improving cybersecurity for businesses and SMEs. ScoutTwo enhances web and mobile application security by providing real-time vulnerability detection, automated risk prioritisation, and AI-driven remediation. It ensures compliance with OWASP Top 10, CWE, and CVE standards, helping developers secure applications from development to deployment.
This limited-time offer is available until 31 March 2025. Sign up now to safeguard your applications: https ://www.armourzero.com/azgobiceleb/