FixNix, a Chennai, India- and Walnut, CA-based fintech cloud governance, risk and compliance startup, raised $500K in pre-series A funding.
The round was led by Tesla CIO Jay Vijayan, with participation from four other investors from Singapore and San Francisco.
The company, which is seeking an additional $1M to close the pre-series A round with a couple of US banks as strategic investors, intends to use the funds to continue to develop its GRC analytics platform.
Led by Shanmugavel Sankaran, Chief Executive Officer and Founder, and CTO Senthil Nayagam, FixNix provides SaaS-based Governance, Risk and Compliance platform for SMBs and Enterprises to automate complex Information Security workflows like Audit, Risk, Policy, Incident and Asset etc.
The solution, which integrates with helpdesk and invoice management tools, is used by organizations in the Aviation, Education, Financial Services, Government, Healthcare, Legal, Manufacturing, Technology and Retail sectors.