Induz builds Confidential Storage SaaS using Intel SGX to enable zero-trust, hardware-backed protection so cloud providers—or Induz itself—cannot access clients' data. The company targets insurance, FinTech, banking, government, and enterprises doing secure AI model training. Induz plans to launch Confidential Identity and Access Management (Confidential IAM) and an integrated data delivery solution to expand its secure infrastructure offerings. The startup will use new funding to obtain industry security certifications, develop proprietary hardware, and hire specialised engineers. Induz was founded in Hyderabad in 2023 after its founders identified market need following the 2019 Capital One breach. Leadership includes co-founder and CEO Tirumalesh Chalamarla and CTO Sreerama Mohan Gadam.

Total raised

$1M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2024