Protectt.ai Secures Series A Funding to Revolutionize AI-Driven Cybersecurity Solutions
Protectt.ai, an innovative leader in AI-powered mobile app security solutions, has recently secured INR 76 Crores (approximately $8.7 million) in a Series A funding round, led by Bessemer Venture Partners. This substantial investment is set to enhance Protectt.ai’s capabilities in providing top-notch security for mobile applications, as the demand for robust cybersecurity solutions continues to rise.
Investment to Boost AI-Driven Security Platform
The newly acquired funds will primarily focus on:
- Enhancing the AI-driven security platform: Protectt.ai aims to fortify its technology to better safeguard mobile applications against evolving cyber threats.
- Accelerating product development: The investment will enable faster innovation and rollout of new features within their security solutions.
- Expanding operations internationally: With a particular focus on the US, Middle East, and Asia-Pacific regions, Protectt.ai is set to broaden its global footprint.
- Strengthening cybersecurity capabilities: This includes a dedicated emphasis on AI security, vital for combating sophisticated cyber threats.
- Recruiting niche talent: Attracting experts in the cybersecurity domain will enhance their operational expertise.
Addressing Growing Cyber Threats
In light of the alarming increase in cyber threats, Protectt.ai is committed to offering enhanced protection for mobile apps across various sectors, including:
- Banking
- Insurance
- Non-Banking Financial Companies (NBFCs)
- FinTech
- Stock Exchanges
- Government Applications
Comprehensive Mobile Threat Defense
Protectt.ai’s security platform delivers a comprehensive mobile threat defense, designed to:
- Safeguard apps: Protecting applications from a range of cyber threats and fraud.
- Ensure compliance: Acting as a compliance hub for mobile app owners, aligning with regulations from bodies such as the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), and National Payments Corporation of India (NPCI).
- Continuous monitoring: Regularly assessing security postures, threat events, and defense configurations to facilitate seamless audits and maintain compliance with international security standards.
Leadership Insights
Manish Mimani, Founder and CEO of Protectt.ai, expressed his enthusiasm regarding the investment, stating, “With the rapid surge in mobile cyber threats, the need for advanced security solutions has never been greater. This investment will enable us to enhance our technology, scale our operations, and expand into new geographies.”
Vishal Gupta, Partner at Bessemer in India, also shared insights on the investment, remarking, “Cybersecurity is a core area of focus for us. Protectt.ai has shown a strong capability in tackling evolving cyber threats through AI-first security solutions. As mobile usage rises, securing digital transactions becomes a critical priority across industries.”
For more information on Protectt.ai’s innovative solutions, visit their official website. To explore more about cybersecurity trends and practices, check out resources from credible platforms like the CSO Online.
