Sramana Mitra: Are you selling direct? Are you selling through the channel? How are you going to market? Manmeet Singh: Since 2013, we have had a direct sale strategy. We have Compuware as a reseller. Our product is available to be downloaded from Hortonworks on Hadoop, which recently went public. People can download and play
Sramana Mitra: In 2012, you had around $1.5 million in revenue and you had a bunch of customers. In 2013, Samsung expressed interest in both becoming a customer and an investor. That’s when you started seeing the traction from the VCs? Manmeet Singh: Yes. Toba Capital moved faster than anybody else. My old angels have
Manmeet Singh: Those four years were a struggle for me. Generally, entrepreneurs don’t last four or five years of struggle. There was no money and very little revenue. The VCs weren’t spending money and enterprise business was not looked upon as a good business. That’s the reason why I was out every week raising money.
Manmeet Singh: I stayed on my course. VCs were not ready to put in money. If you look at history, that was the worst time to raise money. That was the time that I had to go from one angel to another. I did coffee and lunch where I invited 10 to 20 people. Five
Sramana Mitra: This is from VCs or angels? Manmeet Singh: It was angels but most of these angels were working as partners in large VC corporations. They go personally to these conferences. They came by my booth, saw my idea, and asked me, “How many people?” I told them three. They were interested and asked me if I
Manmeet Singh: I started thinking of better ways to secure data. That’s when I started thinking about data masking. Data masking can keep the data relevant and useful for non-production, and in certain cases, production environment also and take the personal PII and PCI values out of it. I found a couple of people who
I have never seen a company raise so much money from so many angels. It is far from standard practice in the industry, but Manmeet did it! Find out how… Sramana Mitra: Let’s start at the very beginning of your story. Where are you from and where were you raised? Give me the back story of