IMS Digital Ventures Leads US$ 1.5M Pre-Seed Round of Cybertech Company OwlGaze

HONG KONG–(BUSINESS WIRE)–IMS Digital Ventures, the venture building arm of Integrated Management Systems, one of the leading digital transformation agencies in Asia, is pleased to announce the closing of a US$ 1.5M pre-Seed round of OwlGaze in which it acted as the lead investor. OwlGaze offers companies an end-to-end predictive threat detection solution to identify, prioritise and prevent cyber attacks using advanced correlation and AI technology. Globally, companies ranging from small startups to large enterprises are increasingly affected by cyber threats and they struggle to keep up. “We do not only see a growth in the number of businesses that are targeted by cyber criminals, the attacks have become more and more sophisticated and the financial and operational impact that a successful attack can have, has increased as well,” according to Ralph Chammah, CEO of OwlGaze. “At the same time, the cybersecurity software market is highly fragmented and opaque for most clients. There is very limited cooperation between software vendors in the industry and many claims about the intelligence and effectiveness of various solutions are exaggerated at best. This was the reason why we started OwlGaze,” Chammah says. Apart from OwlGaze’s cyber advisory practice which guides clients through any cyber-related…
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