MDI Ventures, the multi-fund venture capital arm of Telkom Indonesia, has announced a strategic investment in Cyfirma, a Singapore-based cybersecurity startup, as reported by detikInet. Cyfirma specializes in threat intelligence and external threat management, making this investment a crucial step in enhancing digital security in the region.

The funding underscores MDI Ventures’ commitment to supporting innovative startups that address critical challenges in the digital ecosystem. Cyfirma, known for its advanced approach to cybersecurity, has a proven track record in markets like Japan and beyond. The funding will help Cyfirma expand its market presence and enhance its research and development capabilities to counter increasingly complex cyber threats.

Donald Wihardja, CEO of MDI Ventures, emphasized the strategic importance of the partnership, stating, “Our investment in Cyfirma reflects our commitment to supporting startups with strong business fundamentals and impactful solutions. Cyfirma’s innovative approach to cybersecurity aligns with our goals to strengthen sustainable businesses while addressing the growing demand for digital protection.”

The investment will enable Cyfirma to expand its operations in Southeast Asia, particularly Indonesia. Additionally, the company plans to extend its reach in Western markets while solidifying its presence in Japan. This strategic move is expected to provide businesses in the region with more proactive and tailored cybersecurity solutions to safeguard against evolving threats.

Southeast Asia, including Indonesia, is increasingly grappling with sophisticated cyberattacks. This has created a pressing need for more robust cybersecurity solutions. Cyfirma’s partnership with MDI Ventures is a significant step towards addressing these challenges. The collaboration will not only help Cyfirma scale its presence in the region but also enhance its ability to deliver innovative and proactive security measures tailored to local business needs.

Kumar Ritesh, Founder and CEO of Cyfirma, highlighted the importance of the partnership: “The investment from MDI Ventures provides Cyfirma with significant support to expand our presence in Southeast Asia and strengthen our ability to offer innovative cybersecurity solutions that protect organizations from evolving threats.”

The partnership between MDI Ventures and Cyfirma also opens the door for potential collaboration within the Telkom Group. Donald Wihardja noted, “As an extension of Telkom Indonesia, we see the partnership with Cyfirma playing a key role in strengthening Telkom Group’s cybersecurity. By integrating Cyfirma’s threat intelligence and external threat management solutions, we aim to create a secure and sustainable digital ecosystem.”

This integration is expected to enhance Telkom Group’s ability to address the growing demand for reliable digital protection in both domestic and international markets. MDI Ventures’ investment highlights the importance of creating a secure digital infrastructure that can support the region’s rapid growth.

PHOTO: ENTRACKR