Semperis, a global cybersecurity firm, will bolster identity-driven cybersecurity efforts in Singapore following its major funding round.

The firm said in a statement on Tuesday that it will embark on an aggressive Asia Pacific and Japan (APJ) growth strategy in 2025.

Semperis will also double its Singapore headcount in 2025 before expanding in phases to fulfil the steady demand for identity-focused cybersecurity solutions locally.

This move follows its latest $125 million funding round raised in June 2024 to fuel continued product innovation and expand Semperis’ footprint in the APJ region.

To date, Semperis has experienced triple digit revenue and pipeline to facilitate its rapid expansion across APJ and has signed distribution agreements across major Southeast Asian countries, including India, Australia, South Korea and Taiwan, effectively growing partnerships by over 100 percent.

The onboarding of leading partners across telecommunications, financial services and transportation industries including Imperium Solutions and TruVisor, all contribute to Semperis’s efforts in building a cyber resilient future.

As part of its commitment to close the global skills gap, Semperis is also providing certified training programs to accelerate knowledge and capabilities of Singapore’s local workforce starting with pre-sales engineers from January 2025, before launching in other Southeast Asian markets.

Service offerings across verticals such as the healthcare and the financial services industry currently see the most demand.

Semperis also noted the firm has grown more than 100 percent annually in Singapore since its inception in 2021, supported by strategic alliances and partnerships to provide businesses with critical tools and expertise needed to address the growing challenges of cyber resilience.

It is noted that cyber resilience is gaining momentum in the region, with the increasing fallout from cyberattacks rising globally.

Cited the latest Semperis Ransomware Risk Report 2024, Semperis said 83 percent of surveyed organizations suffer from ransomware attacks, resulting in 78 percent of attack victims paying ransom and 74 percent experiencing multiple strikes.

This rise in cyberattacks has pushed nations like Singapore to expand the scope of their Cybersecurity Act to safeguard the country’s high-risk systems.

“Singapore’s standing as a key financial hub makes it a prime target for cybersecurity attacks, with a 145 percent year-on-year increase in annual cyberattacks and losses of S$34 million ($25.39 million) over scams recorded in 2023 alone,

“This results in more companies shifting their stance from reactive defense to proactive identity security,” said Mickey Bresman, Chief Executive Officer and Co-Founder, Semperis.

Gerry Sillars, Vice President, Asia Pacific and Japan, Semperis, said with the growing sophistication of identity-driven cyberattacks, more Singapore organizations are looking at ways to strengthen their cybersecurity postures.

“By focusing on identity management as the new security perimeter in protecting the critical assets of organizations and nation states, we help Singapore companies to proactively identify, halt and rectify attacks and rapidly recover in the event of a disaster,” he added.

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