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MDI Ventures Invests in CYFIRMA, Seek to Enhance SEA’s Cyber Security

Published On : 2025-01-21
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MDI Ventures Invests in CYFIRMA, Seek to Enhance SEA’s Cyber Security

MDI Ventures Invests in CYFIRMA, Seek to Enhance SEA’s Cyber Security

Investment to Fuel CYFIRMA’s Growth and Enhance its Global Cybersecurity Solutions for Enterprises

JAKARTA, 21 January 2025 – MDI Ventures, a multi-fund venture capital firm under PT Telekomunikasi Indonesia Tbk (Telkom Group), today announced a strategic investment in CYFIRMA, a Singapore-based cybersecurity company specializing in threat intelligence and external threat landscape management. This investment underscores MDI Ventures’ commitment to fostering innovative startups that address critical challenges in today’s digital landscape, particularly in Southeast Asia.

Known for its innovative approach to cybersecurity, CYFIRMA has established a strong track record in Asia and global markets. This investment will help the company expand its market reach and bolster its research and development (R&D) efforts to enhance its capabilities in countering more advanced cyber attacks.

The investment will enable CYFIRMA to further expand its footprint in Southeast Asia, particularly in Indonesia, while also extending its reach into other global markets. MDI Ventures’ backing will also fuel CYFIRMA’s R&D initiatives, enhancing its capabilities to counter advanced cyber threats and deliver proactive solutions that meet the specific needs of businesses in the region.

“Southeast Asia, including Indonesia, is facing increasingly complex cyber threats, driving the urgent need for advanced cybersecurity solutions. Through our investment in CYFIRMA, MDI Ventures is addressing these challenges by enabling the development and delivery of proactive and innovative solutions to protect organizations across the region from evolving cyber risks”, said Donald Wihardja, CEO of MDI Ventures.

“We are thrilled to welcome MDI’s investment as this opens big opportunities for partnerships and collaboration with the Telkom Group ecosystem. MDI’s investment will also allow us to greatly enhance our capacity to drive innovation, broaden our solutions, and better serve our clients both regionally and globally. “said Kumar Ritesh, Founder & CEO of CYFIRMA.

MDI Ventures’ also recognized the opportunities for collaboration in cyber security solutions between CYFIRMA and Telkom Group. “As the investment arm of Telkom Indonesia, MDI Ventures envisions CYFIRMA playing a key role in strengthening Telkom Group’s cybersecurity by integrating CYFIRMA’s threat intelligence and external threat landscape management solutions.” Donald added.

By bridging the capabilities of innovative startups like CYFIRMA with the resources of Telkom Group, MDI Ventures aims to contribute to the growth of a secure, sustainable, and thriving digital ecosystem in Indonesia and beyond.

About MDI Ventures
MDI Ventures is a multi-fund venture capital firm with a total committed valuation of $830 million. Operated under Indonesia’s largest telecommunications company, MDI Ventures is recognized as one of the top-performing funds in Asia. MDI Ventures’ parent company, PT Telekomunikasi Indonesia Tbk (Telkom Group), is a state-owned enterprise listed on the Indonesia Stock Exchange (IDX: TLKM) and has a secondary listing on the New York Stock Exchange (NYSE: TLK).

About CYFIRMA
CYFIRMA combines cyber-intelligence with attack surface discovery and digital risk protection to deliver early warning, personalized, contextual, outside-in, and multi-layered insights. We have built the next generation of AI-powered threat intelligence platform called External Threat Landscape Management (ETLM) to provide cyber defenders with the hacker’s view to help clients prepare for impending attacks. CYFIRMA is headquartered in Singapore with offices in Japan, India, the US, and the EU. Customers include both government as well as Fortune 500 companies in manufacturing, financial services, retail, industrial products, natural resources and pharmaceutical industries. Learn more at cyfirma.com.