In an impressive display of confidence in the potential of cybersecurity solutions, Sequretek, a Mumbai-based cybersecurity firm, has successfully secured $8 million in a Series A funding round. This round was led by Omidyar Network India, with the participation of Narottam Sekhsaria Family Office and Alteria Capital. The infusion of fresh capital is set to bolster Sequretek’s mission to enhance the adoption of cybersecurity solutions for businesses worldwide and expand its global footprint.
Founded in 2013 by Pankit Desai and Anand Naik, Sequretek is on a mission to safeguard businesses against cyber breaches, utilizing the power of AI through their Percept Cloud Security Platform (CSP). The Sequretek offering is designed to empower companies to protect their vital assets rapidly and detect and respond to cyber threats, all while ensuring adherence to regulatory standards. This strategic partnership with Sequretek enables organizations to take control of their cybersecurity posture, navigate the digital world with confidence, and simplify their security protocols.
Sequretek’s AI-powered Percept CSP stands out as an innovative solution, becoming increasingly crucial in the digital age. With cyber threats on the rise, organizations must adopt robust cybersecurity measures to protect their sensitive data and ensure the continuity of their operations. Sequretek’s platform equips businesses with the tools to manage cybersecurity proactively and effectively.
The $8 million investment from Omidyar Network India, along with the participation of Narottam Sekhsaria Family Office and Alteria Capital, underscores the growing demand for cybersecurity solutions in the business world. These funds will drive the adoption of cybersecurity solutions globally, allowing Sequretek to expand its operations worldwide. Additionally, the investment will fuel Sequretek’s go-to-market strategy, ultimately increasing market share and profitability, particularly in the small and medium-sized businesses segment.
Sequretek’s commitment to cybersecurity excellence is reflected in its previous funding rounds. The company previously raised $7.2 million, with leading contributions from Gujarat Venture Finance, ICBA, and Unicorn India Ventures. The continuous support from investors highlights the confidence in Sequretek’s ability to address the cybersecurity challenges businesses face today.
The cybersecurity landscape is fiercely competitive, with several notable players vying for a share of the market. Among the significant competitors in this space are Dataprise, The VP Techno Labs International, TSAARO Solutions, HIKEQA, Bug Hunters, and others. As the demand for cybersecurity solutions continues to grow, companies like Sequretek are poised to play a pivotal role in safeguarding businesses against the evolving and ever-present threat of cyberattacks.
In conclusion, Sequretek’s successful $8 million Series A funding round, led by Omidyar Network India, signifies a significant milestone in the company’s journey to enhance cybersecurity across the business landscape. With the infusion of fresh capital, Sequretek is well-positioned to drive the adoption of its innovative AI-powered cybersecurity solutions globally, making the digital world a safer place for businesses. As the importance of cybersecurity continues to gain prominence, Sequretek’s commitment to protecting critical assets and ensuring compliance with regulatory standards is set to reshape the landscape of cybersecurity solutions.
