FixNix Inc

regtechauthentication and fraud preventiongovernancecompliancerisk management

FOUNDING YEAR: 2012
LOCATION: India
Last Update: 01/05/2020

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About

FixNix is a SaaS-based platform that helps companies automate their information security processes through its GRC (governance, risk, and compliance) solutions. The platform also helps CxO teams of the company to stay noticed about their compliance levels and gives insights towards their organizations with intuitive dashboards. Recently, the company graduated from The Barclays rise accelerator program in Oct 2016.

MEDICI Analysis

FixNix is a SaaS-based platform that helps companies automate their information security processes through its GRC (governance, risk, and compliance) solutions. The platform offers an intuitive dashboard that helps CxO level employees stay informed about their compliance levels. Recently, the company selected in Barclays Rise Accelerator program in October 2016.

Focus

PRODUCTS & SERVICES

FixNix’s offerings include: Audit Management: It provides an aggregate view of audit programs, including planning, scheduling, risk-based prioritization, staffing, management of audit procedures, and tracking of remediation efforts. NixRISK: It allows the users to visualize and communicate risk at various levels of an enterprise. Security Incident Management: It automates the security incident tracking process. It focuses on evaluating & calculating the risks and managing the incidents in the organization. Policy Management: It enables organizations to manage and control their policy and procedures life-cycle. It improves the regulatory compliance by mapping standards to corporate policies. Asset Management: It enables the users to manage and control every asset across their organization. They can monitor all contracts and software licenses in a single place. The system also helps to migrate clients from existing tools to FixNix's Asset Management Software.

REVENUE MODEL

The company follows SaaS based revenue model. It charges monthly fee per user for GRC product suite.

MAIN CLIENTS

Cisco

PRIMARY PROBLEM SOLVED

Automating Governance, Risk & Compliance process

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

Traction

REVENUE

$100k - $499

TRANSACTIONS COMMENT:

https://app.slidebean.com/p/xmTZQic5iQ/FixNix-Pitch-Deck

ACTIVE USERS:

200

People

FOUNDERS

Shanmugavel Sankaran

BOARD MEMBERS AND ADVISORS

Arunkumar NT

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

Ezhil A

Subra P

COMMENT:

including they have 80 years of experience in Risk, Fintech, Security industry

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

$5 M

USES OF FUNDS RAISED:

1. Engineering- Risk Analytics

2. Sales and Marketing

EXIT STRATEGY

IPO

MONTHS LEFT WITH CURRENT CASH BURN RATE:

6 months from 17 Aug, 2017

COMPETITORS:

Thomson Reuters

IBM open pages

Innovation Programs

BASICS

FOUNDING YEAR:

2012

LOCATION:

India

Views:

614 VISITORS | 1917 VIEWS
TOTAL EMPLOYEES
11-50

About

FixNix is a SaaS-based platform that helps companies automate their information security processes through its GRC (governance, risk, and compliance) solutions. The platform also helps CxO teams of the company to stay noticed about their compliance levels and gives insights towards their organizations with intuitive dashboards. Recently, the company graduated from The Barclays rise accelerator program in Oct 2016.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

FixNix is a SaaS-based platform that helps companies automate their information security processes through its GRC (governance, risk, and compliance) solutions. The platform offers an intuitive dashboard that helps CxO level employees stay informed about their compliance levels. Recently, the company selected in Barclays Rise Accelerator program in October 2016.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

Innovation Programs

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FixNix Inc

About

FixNix is a SaaS-based platform that helps companies automate their information security processes through its GRC (governance, risk, and compliance) solutions. The platform also helps CxO teams of the company to stay noticed about their compliance levels and gives insights towards their organizations with intuitive dashboards. Recently, the company graduated from The Barclays rise accelerator program in Oct 2016.

Focus

PRODUCTS & SERVICES

SaaS-based GRC (Governance, Risk Management, Compliance) suite of products.

REVENUE MODEL

The company follows SaaS based revenue model. It charges monthly fee per user for GRC product suite.

TOP PROBLEM SOLVED

Automating Governance, Risk & Compliance process

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

Launched the preview product FrehGRC in Nov 2016

KEY DIFFERENTIATORS

SaaS Cloud Modular Analytics 90% features at 10% cost

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Small and Medium Business - Online Retail

Small And Medium Business - Other

PRODUCT ATTRIBUTES

SaaS

On-premises

STRATEGIC CLIENTS AND PARTNERSHIP

Barclays : Rise Accelerator 1st Cohort

Société Générale : Catalyst Accelerator

RBI : RegTech cloud partner

People

FOUNDERS

Shanmugavel Sankaran

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

CEO, FOUNDER: Shanmugavel Sankaran

CTO: Siddhartha P

COO: Alan Ravindran

CRO: Aadav S

Director-Risk Analytics: Ezhil A

Exec Chairman: Subra P

TEAM COMMENT:

including they have 80 years of experience in Risk, Fintech, Security industry

BOARD MEMBERS AND ADVISORS:

Arunkumar NT

Momentum

FUNDED

NO

TOTAL FUNDING:

$500 K

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed Mar 2016 --- USD500 K at a USD13.5 Mvaluation Comment on Seed https://www.techinasia.com/indian-saas-startup-helps-firms-nix-security-jitters-bags-funding-teslas-cio