Cybersecurity startup Sequretek has raised Rs 27 crore in a bridge round led by existing investor Unicorn India Ventures. The round also saw participation of GVFL and Sharad Sanghi, MD & CEO, Netmagic.
With fresh proceed, Sequretek would foray into newer segments such as manufacturing, pharma, services, and retail. The company is also slated to make debut in the overseas market. It will deploy a part of investment towards setting up an office in the US and hire local talents.
Sequretek offers services such as security strategy and governance, vulnerability management and malware analysis. Additionally, it provides digital personae management, threat protection, and security analytics.
Currently, the company offers two product – Kawach and Avatar. While Kawach works on cross-platform technology to protect against advanced threats and improve end-user productivity, Avatar weeds out several challenges including audit non-compliance, fraud risks, data leakage, and theft, managing stale and expired access.
Last year, the Mumbai-based firm had raised Pre Series A round from Unicorn India Ventures and GVFL. Previously, it secured $300K in a seed round from a consortium of angel investors.
Sequretek is also planning to launch its AI-powered endpoint security solution for enterprises – Kawach (EDPR) soon. Importantly, the company will also establish product support and research and development facility in Canada revealed its press statement.
The company competes with Data Resolve, Ineffu Labs and Quick Heal and Lucideus in India along with a slew of global competitors.
Update: We have updated the headline and article: The round was led by Unicorn India only and Sequretek is a Mumbai-based company, not Gurugram. The error is regretted.
