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Ntt-Netmagic Ceo Sharad Sanghi Invests In Cybersecurity Firm Netmonastery Nspl

Dec 07, 2021•over 3 years ago
Mumbai

Description

Mumbai: Netmonastery NSPL, a security information and event management (SIEM) solution provider, has raised an undisclosed Pre-series A round from Sharad Sanghi, CEO NTT-Netmagic in his personal capacity.

Company Information

Company

Netmonastery Nspl

Location

Mumbai, Maharashtra, India

About

The funding, which gives Saghi a "significant minority stake" in the company, will be used to increase Netmonastery's market presence across the globe, the company told ET. Das Gupta stated that while the company has largely remained focused on the India market and has a proven track record with partners, the current investment will help it market in global geographies. RewardsSpeaking about the talent crunch in the cloud and cybersecurity space, Das Gupta added that the company has recently rolled out employee stock options to improve retention programmes.