Treacle, an emerging player in the field, has secured Rs 4 crore in its pre-seed funding round in a significant development in the cybersecurity domain. The investment was led by Inflection Point Ventures (IPV), signalling a solid vote of confidence in Treacle’s innovative approach to cybersecurity.
Treacle, founded by Subhasis Mukhopadhyay, Subhajit Manna, and Partha Das, stands out with its AI-based deception technology, which offers advanced protection against cyber threats. This technology analyzes attacker behaviour, redirects them into mirage networks, and provides early warnings to Security Operations Center (SOC) analysts.
The raised funds are earmarked for various purposes, including technical and business development, marketing, office expenses, partnerships, and expansion in the Indian market. This injection of capital comes at a crucial time for Treacle, which aims to scale its operations and solidify its presence in the cybersecurity landscape.
The startup has already made significant strides in cybersecurity, having secured grants totalling Rs 26 lakhs from entities such as the C3iHub and the SISFS in 2021 and 2022, respectively. Furthermore, Treacle represented India under DPIIT and participated in a sponsored delegation trip to Dubai in 2022, highlighting its recognition and potential in the industry.
This funding round adds to the momentum of cybersecurity investments in the region. In 2023, cybersecurity startups raised approximately $75 million across seven deals, indicating a growing interest in this sector. Treacle’s pre-seed round is the third significant investment in cybersecurity in 2024, following the footsteps of Silence Laboratories and TAC Security, which received backing from prominent investor Vijay Kedia.
The cybersecurity landscape is evolving rapidly, with innovative solutions powered by artificial intelligence gaining prominence. Earlier this year, SentinelOne, an AI-driven cybersecurity platform, acquired PingSafe in a cash and stock deal, demonstrating the value and potential of cutting-edge technologies in the field.
As threats in cyberspace continue to escalate, startups like Treacle are at the forefront of developing solutions to combat them effectively. With the support of investors like IPV and a focus on technological innovation, Treacle is poised to contribute significantly to the cybersecurity landscape, ensuring a safer digital future for businesses and individuals alike.
