Apvera

Founded in 2013 by Eric Meyer and Paul Kim, Apvera was a cybersecurity company that operated from Singapore, though it was later based in Amsterdam before ceasing operations. The firm specialized in threat intelligence, focusing on detecting, preventing, and predicting real-time behavioral threat anomalies within organizations. Apvera's core offering was its Insight 360 platform, a software-as-a-service (SaaS) solution that utilized machine learning and user and entity behavior analytics (UEBA) to provide a comprehensive view of an organization's security posture. The platform monitored all user, endpoint, application, and network activities to identify suspicious behaviors and potential insider threats, which the company noted were responsible for a significant portion of cyber attacks.

The company's business model was centered on providing its data-driven insider threat intelligence solutions to enterprises, with a particular focus on the financial services, healthcare, and pharmaceutical industries. These sectors were targeted due to increasing regulatory and compliance requirements for data protection. Apvera aimed to help these clients protect intellectual property, sensitive data, and critical infrastructure by automating risk management and compliance programs. The company generated revenue through its SaaS platform and managed services, enjoying success with mid-market hedge funds, asset management firms, and family offices in regions like Singapore and Hong Kong.

Throughout its history, Apvera secured approximately $1.53 million in funding over several rounds. A significant funding event occurred in November 2016, when the company raised S$1.7 million (US$1.2 million) in a round led by ACP and SPRING SEEDS Capital, with participation from Nest Ventures, muru-D, and Central Exchange. This capital was intended to scale the Insight 360 platform and expand go-to-market efforts. Despite its early traction and funding, the company is now listed as out of business.

Keywords: Apvera, cybersecurity, threat intelligence, user and entity behavior analytics, UEBA, insider threat detection, machine learning, network security, endpoint security, risk management, compliance, financial services security, SaaS, data protection, anomaly detection, behavioral analytics, threat prediction, Eric Meyer, Insight 360, Singapore startup