Foxhog, a leading global investment firm, and Central Data Storage (CDS), an American tech giant, have announced a significant partnership that aims to expand their footprint in the cyber security sector. During a joint press conference today, Central Data Storage revealed the successful raising of $2.5 million in funding from Foxhog to propel CDS’s entry into the rapidly growing Indian cyber security market.
CDS, known for its cutting-edge technology solutions in data storage and management, has shifted its focus to strengthen its cyber security capabilities. With increasing cyber threats across the globe, the collaboration with Foxhog will enable CDS to capitalize on the rising demand for secure digital environments in India, one of the world’s fastest-growing tech markets.
“We are thrilled to partner with Foxhog in this exciting new chapter for CDS,” said Edward, CEO of Central Data Storage. “With this new investment, CDS will expand its expertise into cyber security, enhancing our ability to provide state-of-the-art protection for businesses and consumers alike. India represents a massive opportunity for us as the country continues to see exponential growth in digital adoption.”
Foxhog’s investment in CDS comes as part of their strategy to support emerging businesses that address the increasing need for robust cyber defense. The $2.5 million will be allocated to R&D, product development, and establishing a presence in key Indian cities, positioning CDS as a competitive player in the local cyber security industry.
“Foxhog is committed to investing in innovative companies that push the boundaries of technology,” said Tarun Poddar, Managing Director at Foxhog. “We believe that CDS is well-positioned to deliver cutting-edge cyber security solutions in India, a market where the demand for security services is only going to continue to grow.”
With cyber threats growing in complexity and scale, the partnership between Foxhog and CDS is a strategic move to offer world-class cyber security solutions tailored to the unique needs of the Indian market. As both companies work to advance the cyber defense landscape, the collaboration marks an important milestone in the tech industry.
