Singapore-based cybersecurity firm Right-Hand has announced USD $1,000,000 (SGD $1,400,000) in Seed funding. Right-Hand offers a Software-as-a-Service (SaaS) platform for companies to monitor, measure and mitigate human-induced cybersecurity risks. The Seed round funds will be used to accelerate Right-Hand’s product roadmap development.
The Seed round is led by Atlas Ventures, a Singapore-based early stage VC fund. Also participating is SGInnovate, an investment firm backed by the Singapore Government, and Entrepreneur First, a leading talent investor that provides expertise to individuals to develop technology companies.
Right-Hand’s SaaS platform analyses employee behaviour in real-time, produces user behaviour analytics, and delivers customized and user friendly micro-learning training modules to educate employees on their risky behaviours. This empowers organisations to more effectively and efficiently improve company-wide cybersecurity awareness and culture.
Right-Hand Cybersecurity empowers businesses to monitor, measure and mitigate employee induced cyber risks in real-time.
The approach goes beyond traditional cyber awareness training and e-learning techniques. The Human Element of cybersecurity boils down to influencing positive and long lasting behavior change across your organization. We help organizations transform from being Cyber Aware to Cyber Ready, which starts with your people.
With customers already within the government and financial sectors across South East Asia and Australia, Right-Hand sees their market opportunity growing in parallel with the evolving and broadened cyber threat landscape.
In 2019, IDC projected global spending on security products and services will reach $151.2 billion in 2023 with a compound annual growth rate (CAGR) of 9.4% over the 2019-2023 forecast period, while Asia Pacific is predicted to reach $34 billion by 2023.