These 6 Indian-born cybersecurity startups are redefining the digital security landscape

The cybersecurity market in India was valued at almost 140 billion rupees in 2019. With the growth in digital adoption, leading to an increase in online attacks, the market is expected to reach nearly 290 billion rupees by 2025, in accordance with a Statistical report.

The COVID-19 pandemic has accelerated the adoption of online channels for consumers, businesses and industries. To stay competitive in the market, businesses are going digital, which leads to an increase in cyber threats. This has led to an increase in cyber attacks which has led to an increase in the demand for cyber security.

These startups not only predict cyberattacks before they even happen, but also provide complete visibility, advanced detection, response and scalability to the customer through software tools, standalone solutions, managed services, analytics and vulnerability consulting, outsourced technology support, etc. AI (artificial intelligence) and ML (machine learning) driven platform.

Your story curated a list of recently funded projects cybersecurity startups make great strides in the industry.

Securonix

Launched in 2008 by second time entrepreneurs Sachin Nayyar and Tanuj Gulati, based in the United States cybersecurity startup Securonix offers a software-as-a-service (SaaS)-based multi-tenant security analysis, operations, and response platform for enterprise security threats. The startup also offers complete visibility, advanced detection, response and scalability to its customers.

The platform started its Sales in India in 2019. It has offices in Pune and bangalore in India and claims to employ over 1000 employees globally with over 300 Indian employees. The platform also offers flexible deployment models across multiple cloud service providers, such as Snowflake and AWS.

According to the startup, it has worked with nearly 22 channel partners, including Managed Security Service Providers (MSSP), System Integrators (SI), Distributorsand others to expand its customer base. Wipro is one of its largest MSSP and SI partners in the world.

In February 2022, he raised $1 billion led by an investment company Vista Equity Partners with the participation of returning investors Capital Will and Eight Roads Ventures.

Securonix will use the capital to make significant investments in global talent acquisition, adding senior executives in engineering, cloud operations, threat labs, and sales and marketing.

Previously, Securonix had raised $24 million from Capital One Ventures in March 2021.

Secure

Founded in 2017 by former zoho frames Bala Venkataramani and Kumaran Balan, Based in USA and Chennai cybersecurity startup Secure provides an access security and governance platform for IT, DevOps, and cloud environments.

The startup targets small and medium-sized businesses, large corporations, and Fortune 500 companies.

Securden sees North America as its largest market, with a customer base of 45%, followed by Europe and the UK at 40%.

The startup has a 30-member team in India and further, it aims to grow 3X over the year across all areas including Engineering, Sales & Marketing, Customer Support and HR .

In April 2022, he raised $10.5 million in a Series A round led by Global Tiger Management. SaaS focused Together Fund and return investor Accel also participated in the tour.

To date, he has raised a total of approximately $11.7 million.

According to the startup, it will use the funds to expand its research and development, sales and marketing operations. It will also use the funds to grow its global team, accelerate executive recruitment and expand its product portfolio.

CloudSEK

Founded in 2015 by Singapore-based Rahul Sasi cybersecurity startup and having most of its operations and engineering based in India, CloudSEK predicts cyberattacks, even before they happen, leveraging its AI platform.

CloudSEK’s XVigil digital risk monitoring platform is aimed at organizations across all verticals, including some of the world’s largest banks, technology companies, healthcare organizations and retail giants such as ICICI, NPCI, CRED, Sun Pharma, Reliance, Tokopedia, OLA taxisand Decathlon.

He also launched a security search engine Be Vigil, which allows users, developers and researchers to assess the security of their applications. BeVigil is currently free and has over 10,000 users and over 400 corporate accounts in over 20 countries.

In December last year, he raised $7 million in his Series A led by Mass Mutual Ventures. Total $10 million has been raised by the startup so far.

The cycle also saw the participation of Omidyar India Network, 100 contractorsindividual investors Firoz Meeran and Navas Meeran (Meeran Group), and CRED Kunal Founder, Naresh Shah’s QED Innovation Labs. Existing investors Exfinity Partners, IDFC Parameterand StartupXseed Ventures also participated.

The startup will use the funds to accelerate CloudSEK’s sales and marketing efforts in Asia Pacific, the Middle East and North America. CloudSEK will also step up its research and development to combat the increasingly sophisticated global threat landscape.

SecureThings.ai

Founded in 2018 by Vishal Bajpai, SecureThings.ai provides specialized machine learning-based cybersecurity for all automobiles, whether commercial vehicle, passenger vehicle, electric vehicle or motorcycle.

unique sound six-layer protection provides comprehensive real-time security to the automotive ecosystem.

The automotive cybersecurity startup is headquartered in California, United States, and has a large R&D center in Pune to cater to existing customers in the India and Asia-Pacific and Japan (APJ) market.

SecureThings.ai offers end-to-end solutions through its five-pronged approach to vehicle security: detection, response, recovery, identification, and protection for OEMs, Tier I suppliers, and subsystem manufacturers worldwide. using patented solutions based on machine learning.

The startup says its threat intelligence and cloud protection platforms provide comprehensive control, comprehensive monitoring, and effective remediation methodologies for OEMs, shared service operators, and fleet managers.

The startup raised $4.4 million until now. In February 2022, he obtained $3.5 million in a pre-Series A round led by Inflexor Ventures as well as the participation of 9Unicorns, RPG CompaniesSAB Holdings and various UHNIs.

The company aims to use the funding for product enhancements, business growth in India and overseas markets, increased Indian and US teams, and sales and marketing.

Com Olho

Launched in 2019 by Abhinav Bangia, based on Gurugram cybersecurity and IP analysis start-up Com Olho uses deep learning and clustering to analyze company data and identify fraudulent schemes with a high probability of success.

The startup claims to have obtained a patent for non-rules based ad fraud detection. With this, it will be able to provide at least 20% MoM savings even on cost-per-sale (CPS) campaigns and improve ad visibility with its security toolkit.

Its product suite includes an end-to-end AI-based solution that identifies sources of malpractice, empirically proves fraud, and provides a real-time dashboard ready with interpretation resulting in deterministic savings. .

The startup is also working towards first-party data and encrypted digital governance. It works with some of the global financial and e-commerce companies such as Indiabulls Group, Airtel, Aditya Birla Group, rev etc

In February 2022, he raised Rs 1.8 crore in a roundtable led by Inflection point companies.

Funds raised will be used for tech hiring, tech attack enhancement and aggressive market penetration (India, MENA and APAC).

WiJungle

Launched in October 2014 by Karmesh Gupta and Praveen Gupta, based on Gurugram network security platform WiJungle enables organizations to secure and strengthen their entire network through a single window.

The AI ​​and ML-based security platform offers a complete security stack encompassing several standalone solutions such as network firewall, web application firewall, hotspot gateway, SD-WAN, data leak prevention, and vulnerability assessmentamong others.

Its AI-powered capability and unified one-stop network management capability enables enterprises to cost-effectively streamline their cybersecurity operations.

WiJungle is currently serving government and private giants in verticals such as hospitality, healthcare, education, defence, transportation, retail, BFSI and ITESamong others all over India.

The startup claims that it is among the highest-rated vendors on Gartner for network security and serves the cybersecurity needs of businesses in multiple countries.

The startup also claims to have mitigated over three billion cyber threats and served over 1,500 customers to date.

It gets the strongest traction from cities like Delhi, Mumbai, Bangalore, and Chennai. The platform mainly targets organizations with less $1 billion annual revenue.

Recently, it raised an undisclosed amount in a funding round at a valuation of $22 million from SOSVa US-based global venture capital firm that manages early-stage startup development programs.

The startup aims to leverage capital to improve technical capabilities and bolster its sales expansion plans.

Edited by Affirunisa Kankudti

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