Kecilin, a Heaptalk, Jakarta-based Software-as-a-Service (SaaS) startup that focused on data compression services, raised $4 million in Pre-Series A funding.
The round was led by Mandiri Capital Indonesia (MCI), with participation from Provident Growth and BNI Ventures, and existing investors, including Arkana, also backed the investment round.
The company plans to utilize its fresh injection to stretch new business initiatives and elevate its products.
Kecilin will continue to innovate in advancing its products, expecting to yield a more significant value added in serving the market, including Indonesia and other countries, in the coming years.
Furthermore, in 2023, Christopher Farrel, CEO of Kecilin, claimed the company aims to enhance new customers by expanding new business verticals.
Company: Kecilin Systems, Inc.
Round: Pre-Series A
Funding Month: May 2023
Lead Investors: Mandiri Capital Indonesia (MCI)
Additional Investors: Provident Growth, BNI Ventures, and Arkana
Company Website: https://kecilin.id/
Software Category: Data Compression
About the Company: Founded in 2018, Kecilin is a modern self-crafted data compression startup that provides a compression technology that is smooth, efficient, and applicable to modern technology models. Kecilin has developed an algorithm to minimize data compression, including video, document, and text while maintaining the data quality and format. From the technology, Kecilin has flourished several products, covering CCTV Compression to reduce the video size of the CCTV and On-Premise Compression to extenuate data size in the server directly. The product offered has allowed MSMEs and giant companies to reduce expenses and expedite the data storage and transfer processes. The company believes that large files make people throw their hands up, a waste of time and money.