Venturetech Invests Rm7 Mln In Nexagate For Cybersecurity Expansion

KUALA LUMPUR, Dec 22 (Bernama) -- VentureTECH Sdn Bhd has announced a strategic investment of RM7 million in Nexagate Sdn Bhd to support the latter’s expansion phase, focusing on developing its flagship Nexa Security Intel (NSI) Platform and further enhancing its portfolio of innovative cybersecurity solutions.

In a joint statement today, VentureTECH chief executive officer Ahmad Redzuan Sidek said the partnership would fuel Nexagate's growth and play a pivotal role in advancing the industry with an impressive track record of vision and expertise in the cybersecurity space.

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

Moreover, he noted that the collaboration also supports the country’s vision of embracing Industry Revolution 4.0 towards creating a more equitable, inclusive, and sustainable socioeconomic growth.

NSI Platform is a revolutionary in-house solution designed to provide complete cybersecurity visibility that is poised to set new standards by harnessing the power of artificial intelligence and machine learning, offering enterprises and government organisations robust defence against the ever-evolving landscape of cyber threats.

Nexagate managing director Khairil Effendy Ahmad Dhman Huri said the company aims to be a worldwide force for digital safety with deep expertise powered by the NSI digital platform.

The collaboration between VentureTECH and Nexagate signifies a strong commitment to advancing cybersecurity solutions and creating a safer digital environment for businesses and individuals, he said.

“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,” he said. 

Nexagate is one of Malaysia's cybersecurity services providers, delivering comprehensive solutions for enterprises and government organisations across Asean. 

-- BERNAMA