Monk's Hill watches cyber security with eye of the tiger

Singapore

THE cyber security challenge for South-east Asia's vast sea of small and medium-sized enterprises (SMEs) is a deep-seated lack of both resources and know-how in the field, says Monk's Hill Ventures' co-founder and managing partner Lim Kuo-Yi.

Addressing the gap with a holistic, multi-layered solution that is also cost-efficient is how cyber security startup Horangi wound up with an investment from Monk's Hill, which led a US$3.1 million Series A round in 2017 with participation from 500 Startups and Australia venture firm Right Click Capital. Since then, Horangi has expanded to seven offices globally.

Traditional cyber security vendors focus on building complex, highly specialised software suited for customers in perhaps the Fortune 500 league. But SMEs have less compl…