{"id":29830,"date":"2022-03-16T20:58:34","date_gmt":"2022-03-16T15:28:34","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-coralogix-snowbit\/"},"modified":"2022-03-16T21:59:19","modified_gmt":"2022-03-16T16:29:19","slug":"biz-coralogix-snowbit","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-coralogix-snowbit\/","title":{"rendered":"Israel firm Coralogix to invest USD 10 mn in Delhi cybersecurity unit Snowbit"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-329330966\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> Mumbai, Mar 16 (PTI) Israel-based technology start-up Coralogix is launching a cybersecurity unit Snowbit in Delhi-NCR and will invest USD 10 million in the first phase of operations.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2800745367\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> Snowbit, which is a SaaS-based cybersecurity unit that enables cloud-native companies across domains to comprehensively monitor and address cybersecurity risks, has already hired 15 persons and will add 35 more by the end of the first year of operations, Navdeep Manaktala, co-founder of Snowbit and president of Coralogix, said.<\/p>\n<p> &#8220;We will be investing USD 10 million in the Delhi unit, and will have a 50-people team by the end of the year,&#8221; Manaktala told PTI on Wednesday.<\/p>\n<p> He said the Delhi centre will be the global operations centre for Snowbit and India will be its focus market.<\/p><div class=\"trade-content_5\" id=\"trade-3146199048\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> In July 2021, parent Coralogix, which provides observability that forms the bedrock of cybersecurity, had raised USD 55 million in a Series-C funding round and the India investment will be pooled in from this funding round, he added.<\/p>\n<p> Snowbit&#8217;s SaaS platform and expert services will enable companies to proactively monitor their entire cloud environment&#8217;s security and compliance.<\/p>\n<p> At the later stage, Snowbit will have a 24&#215;7 global security resource centre comprising security analysts, security researchers and threat hunting professionals in the Delhi office.\u00a0PTI BEN  HRS hrs<\/p>\n<div class=\"trade-after-content\" id=\"trade-1881114506\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Mumbai, Mar 16 (PTI) Israel-based technology start-up Coralogix is launching a cybersecurity unit Snowbit in Delhi-NCR and will invest USD 10 million in the first phase of operations. Snowbit, which is a SaaS-based cybersecurity unit that enables cloud-native companies across domains to comprehensively monitor and address cybersecurity risks, has already hired 15 persons and will [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-29830","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Israel firm Coralogix to invest USD 10 mn in Delhi cybersecurity unit Snowbit - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-coralogix-snowbit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Israel firm Coralogix to invest USD 10 mn in Delhi cybersecurity unit Snowbit\" \/>\n<meta property=\"og:description\" content=\"Mumbai, Mar 16 (PTI) Israel-based technology start-up Coralogix is launching a cybersecurity unit Snowbit in Delhi-NCR and will invest USD 10 million in the first phase of operations. 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