The Mumbai-based company had previously raised $7.2 million led by Gujarat Venture Finance, ICBA and Unicorn India Ventures.
Sequretek, a cybersecurity firm based in Mumbai, has successfully secured $8 million in a Series A funding round. The investment was led by Omidyar Network India and saw participation from Narottam Sekhsaria Family Office and Alteria Capital. This recent round follows an earlier investment of $7.2 million, which was led by Gujarat Venture Finance, ICBA, and Unicorn India Ventures.
The newly acquired funds are earmarked to drive wider adoption of cybersecurity solutions for businesses globally. Sequretek aims to use the investment to scale up its global operations, enhance its go-to-market strategy, and bolster its market share and profitability within the small and medium business segment, as stated in their press release.
Established in 2013 by Pankit Desai and Anand Naik, Sequretek specialises in safeguarding businesses against cyber breaches. Their cornerstone offering, the AI-powered Percept Cloud Security Platform (CSP), is designed to protect critical assets, identify and respond to cyber threats in real-time, and ensure compliance with regulatory standards.
Sequretek’s collaboration empowers organisations to manage their cybersecurity stance effectively, allowing them to navigate the digital landscape with confidence while simplifying security measures.
Noteworthy competitors in this sector include Dataprise, The VP Techno Labs International, TSAARO Solutions, HIKEQA, Bug Hunters, and several others.
“Small and medium businesses have increasingly become more susceptible to cyberattacks in the post-pandemic world. While more SMBs have realised the need for efficient cybersecurity management, a lack of budget-friendly consolidated solutions and inadequate in-house resources have created a large security gap in the sector. With our consolidated offerings and the backing of our investors, we’re channeling our efforts to increase accessibility and create awareness with integrated cybersecurity management for SMBs,” says Pankit Desai, CEO of Sequretek.
