InVent, the corporate VC arm of Thailand-based Intouch Holdings, has announced investments into two local startups Datafarm (Series A) and Swift Dynamics (pre-Series A).
The transaction details remain undisclosed.
Both the companies, according to the VC firm, will play a crucial role in supporting corporates to strongly step into the fully-digitised 5G era.
Founded in 2012, Datafarm is a cyber security company that helps enterprises prevent cyber risks on their IT infrastructure by providing them with increased protection.
It helps government agencies and businesses protect their data through three main stages, which include penetration testing (Pentest), Vulnerability Assessment (VA), and cybersecurity consulting.
“The tools created by Datafarm focus on ease of use and can be compiled according to various standards/requirements at an affordable price which is scheduled to be released by the end of this year,” Pisuttisak Chongboonchuer, CEO of Datafarm, said.
“From funding support and business cooperation with Intouch affiliates, and tremendous increase of the cybersecurity market, company expects revenue will increase to 300 per cent within three to five years,” he further added.
Launched in 2018, Swift Dynamics is an IoT management provider which connects multiple devices of clients to the cloud.
The firm provides tools for businesses to improve every part of their business, starting from customer relationship management, procurement management, business operations management, project, construction management, to logistics management.
Co-founder Natee Singhaputtangkul believes that Swift Dynamics is one of the very few firms in Thailand that provides customers with all-in-one IoT-based solutions using 5G network.
The startup also plans to expand overseas in the next five years.
Image Credit: InVent.
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