Quick Heal Technologies, Cybersecurity and data protection solutions provider, on Friday announced that it has made a strategic investment of Rs 2 crore in a startup, Ray, specialising in next-generation networking and wireless technology.
The investment will allow Ray to tap into Quick Heal’s rich legacy and expertise in the technology landscape to develop an integrated solution, designed to protect IoT devices in the enterprise and consumer segments from the next wave of cyber-attacks.
CEO and Founder of Ray, Hemal Patel, said, “We would benefit from Quick Heal's vast experience of building a technology company focussed on advanced security technologies and client-centric innovation culture. The funding shall help us accelerate our product innovations and increase our reach in multiple geographies."
Ray is an innovation-driven technology firm with a vision to reimagine networking and wireless technology. Its flagship product RayOS is an open, cloud-native, secure, extensible Operating System with an ecosystem of applications that leverage the underlying hardware to form unlimited use cases.
MD and CEO of Quick Heal, Kailash Katkar, said, “Through our investment in Ray, we want to bring the best of Quick Heal’s security technology and capabilities to a wide range of customers and partners, with highly secure networking and wireless technology. The team at Ray’s is building futuristic solutions, keeping IoT and cloud computing technologies in mind which makes them an ideal partner.”
The investment, that is a part of Quick Heal’s ongoing efforts to invest in disruptive technologies that will shape the future of cybersecurity while supporting innovative startups, reinforces a shared vision of ensuring a secure, safe and seamless digital experience for everyone.