13-year old Cybersecurity firm, Nexagate lands US$1.5mil investment from VentureTech

• Investment will focus on developing flagship Nexa Security Intel Platform
• VentureTECH invests in Bumiputera high value added and high technology industries

[Correction: An earlier version misspelt Nexagate as Nexgate in the headline and gave the wrong investment amount. We also wrongly captioned the pic as consisting of both VentureTECH and Nexagate executives. The errors are regretted.]

VentureTECH Sdn Bhd has made an US$1.5 million (RM7 million) investment in Nexagate Sdn Bhd, one of the leading cybersecurity service providers in Malaysia. The investment will power Nexagate's expansion phase, focusing on developing its flagship Nexa Security Intel (NSI) Platform and enhancing its portfolio of innovative cybersecurity solutions.

Ahmad Redzuan Sidek (pic), Chief Executive Officer of VentureTECH said, "In an era dominated by technology, where cybersecurity serves as a crucial foundation, Nexagate's dedication to staying ahead of the evolving cybersecurity challenges aligns with VentureTECH's mission to support locally-developed technologies.

This partnership also reflects our confidence in Nexagate's potential to shape the future of cybersecurity and develop local talent, aligning with VentureTECH’s impact investment philosophy that aims to generate positive societal impact.”

Khairil Effendy, Managing Director of Nexagate said, "Over the past 13 years, Nexagate has grown from humble beginnings, and today, we feel truly fortunate in this journey. Our partnership with VentureTECH is a key step in unlocking our potential as a global cybersecurity powerhouse."

Offering a comprehensive suite of services, including risk compliance, security posture assessments, and Security Operation Centre (SOC) as-a-service, Nexagate helps businesses & government organisations to fortify their cybersecurity defences against cyber threats

At the heart of Nexagate's expansion is the Nexa Security Intel (NSI) Platform, an in-house solution designed to provide a complete cybersecurity visibility. With actionable insights, key stakeholders can now make critical decisions in strengthening their overall cybersecurity posture. NSI is poised to set new standards by harnessing the power of artificial intelligence and machine learning, offering enterprises and government organizations robust defense against the ever-evolving landscape of cyber threats.

The collaboration between VentureTECH and Nexagate signifies a strong commitment to advancing cybersecurity solutions and creating a safer digital environment for businesses and individuals. As cyber threats continue to evolve, this partnership aims to contribute significantly to the development and implementation of innovative technologies that safeguard users against emerging risks.

A wholly owned subsidiary of the Malaysian Industry-Government Group for High Technology (MIGHT) VentureTECH  is a Malaysian government-backed impact investment company established to catalyse the growth of local industries particularly Bumiputera in the high value added and high technology industries through equity investment.