Govt’s Dig­i­tal Push Lands In­nefu .₹ 5.5 cr

The Economic Times - - Disruption: Startups & Tech - Shadma.Shaikh @times­

GREEN SIG­NAL Govt has been in­creas­ingly pro­mot­ing the use of tech, like data an­a­lyt­ics in mul­ti­ple projects TARUNWIG CEO, In­nefu Labs

Ben­galuru: Security startup In­nefu Labs has clocked a rev­enue of ₹ 5.5 crore so far this fis­cal, of which more than ₹ 3.5 crore has come in the past three months alone, thanks to the gov­ern­ment’s push to use dig­i­tal tech­nol­ogy. The four-year-old com­pany — which counts DRDO, RBI, CRPF and BSF, among its clients — has signed two large deals with para­mil­i­tary and de­fence bod­ies worth a com­bined .₹ 3 crore. It has seen a dou­bling of de­mand since last year af­ter it launched its data an­a­lyt­ics prod­uct Prophecy, which can help in­tel­li­gence agen­cies pre­dict oc­cur­rence of com­plex events such as nar­cotics smug­gling or ter­ror­ist at­tacks. “The gov­ern­ment has been in­creas­ingly pro­mot­ing the use of tech­nol­ogy, like data an­a­lyt­ics in mul­ti­ple projects,” said Tarun Wig, CEO, In­nefu Labs.

“There seems to be a gen­eral feel­ing in the gov­ern­ment that if you keep us­ing tech­nol­ogy by for­eign com­pa­nies you put your coun­try’s sen­si­tive and crit­i­cal in­for­ma­tion at risk.”

Prophecy uses big data and ar­ti­fi­cial in­tel­li­gence to pre­dict and pre­vent the oc­cur­rence of events based on mul­ti­ple fac­tors it gath­ers based on open source data.

The startup is look­ing to raise funds to ex­pand its team in 2017.

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