Firewall Security Company India Complete Firewall Security Solutions Provider Company in India
Protectt.ai secures INR 76 crore in series a funding to advance mobile app security solutions for critical mobile apps – ET CISO
https://etimg.etb2bimg.com/thumb/msid-119149842,imgsize-46820,width-1200,height=765,overlay-etciso/cybercrime-fraud/protectt-ai-secures-inr-76-crore-in-series-a-funding-to-advance-mobile-app-security-solutions-for-critical-mobile-apps.jpg
- Protectt is a leader in the mobile app security space
- Series A round led by Bessemer Venture Partners
- New funds to be utilised for product development, customer experience enhancement and international expansion
Protectt.ai, a leader in the mobile app cybersecurity & fraud control platform, today announced it has raised INR 76Cr in its Series-A funding round led by Bessemer Venture Partners.
The funds raised will be utilized to enhance AI-driven mobile app security solution platform, accelerate product innovation, build new solutions for AI Security, nurture niche talent in Cyber security, and support its global expansion initiatives in the US, Middle East & APAC.
Protectt.ai offers a comprehensive suite of mobile app security solutions, designed to safeguard mobile apps from emerging cyber threats & frauds. It also serves as a global compliance hub for mobile app owners who need to comply with regulations from entities such as RBI, SEBI, NPCI and other regulatory bodies. This ensures alignment with international security standards by continuously monitoring defense configurations, threat events, and security postures. This enables seamless audits, regulatory adherence, and full visibility into the mobile app user journey.
Protectt.ai has established itself as a leader in AI powered mobile security by covering over 300 Mn+ smartphones, processing approximately 2 Bn+ mobile app sessions every month while preventing 200 Mn+ cyber threats & frauds events every month. Its solutions are trusted by banking, insurance, NBFC, fintech, stock exchange & government mobile apps. Recognized for its innovation, Protectt.ai has won multiple industry accolades such as DSCI Innovation Box winner 2023, BW Security Cyber Security Company of the year 2023, Banking Frontiers Technoviti 2023, Security product Company of the Year 2023, BW Security Innovative Security product of the Year 2023, reinforcing its commitment to safeguarding digital transactions and mobile applications.
With a 2000% revenue growth over the last three years, Protectt.ai continues to redefine mobile app security, ensuring safe and seamless digital transactions in an increasingly mobile-first world.
Manish Mimani, Founder & CEO of Protectt.ai, said, “With the rapid surge in mobile cyber threats, the need for advanced security solutions has never been greater. Protectt.ai is committed to building cutting-edge AI Powered mobile App Security solutions that safeguards businesses and consumers alike. This investment will enable us to enhance our technology, scale our operations, and expand into new geographies, reinforcing our position as a leader in mobile app security ensuring hyper growth.”
Vishal Gupta, Partner at Bessemer in India, said, “Cybersecurity is a core area of focus for us and Protectt.ai has demonstrated a strong ability to tackle evolving cyber threats through AI first security solutions. As mobile usage continues to rise, so do threats. Securing digital transactions and applications therefore has become a critical priority across industries. Protectt.ai’s innovative approach, coupled with its rapid growth trajectory, makes it a promising leader in the mobile threat defense space. We are excited to support them in their next phase of expansion.”
