AltaIR Capital, the Israel-based investment firm in which Russian-Israeli billionaire Roman Abramovich is a key investor, has announced its investment in Indo-Israeli startup SafeHouse Technologies. 

On Altair VC investing in SafeHouse, Aditya Narang, Co-founder and MD, SafeHouse Technologies said, “The endeavour is to protect digital devices and users from an increasingly evolving cyber threat landscape. Yet another funding confirms the robust technology and innovative business model of SafeHouse”.   

The owner of the premier league football club, Chelsea FC, Roman Abramovich is known to back companies through AltaIR VC.

SafeHouse Technologies was founded by Liad Herman and Aditya Narang in 2016 with a vision of providing military-grade cybersecurity to smartphone owners.  

In November 2019, it had secured an amount greater than $2.2 million from Barclays Ventures UK in the seed funding. In October 2016, ESP Das, Ex Vice-Chairman of Merrill Lynch, came onboard as an angel investor. 

In May 2018, SafeHouse was chosen out of more than 10,000 startups into the Techstars and Barclays accelerator in Tel Aviv. 

The firm said it has taken a unique approach to democratise cybersecurity for the everyday consumer. SafeHouse recently experienced an unmatched success for its flagship product BodyGuard, it added. A one-button app which secures and encrypts mobile phones, BodyGuard was designed to deliver proactive mobile security to end-users. 

BodyGuard provides military-grade security against a vast range of cyber threats such as malware, phishing, ransomware and malicious links.  

According to SafeHouse, as global security mechanisms become increasingly vulnerable to cyber attacks, the intervention of such enterprises to invest in the next frontier of cyber defence and incorporate military-grade methodologies is the need of the hour.