Using algorithms, Innefu thwarts virtual threats

The start-up raised $2 mn in Series-A round from IndiaNivesh Venture Capital Fund

Delhi-based Innefu Labs develops biometrics authentication and predictive intelligence for governments, public sector undertakings, corporate, and law-enforcement agencies.

Based on machine-learning algorithms, these products can predict and thwart virtual threats and reduce dependency on humans.

Founded by Tarun Wig and Abhishek Sharma in 2011, the firm has raised $2 million in Series-A round from IndiaNivesh Venture Capital Fund.

The company’s clients include Defence Research and Development Organisation, Border Security Force, Central Reserve Police Force, and Mahindra and Mahindra.

Drawing revenue from one-time licence fee and yearly maintenance, the company claims to be profitable so far. In the next two years,