Cybersecurity startup Treacle raises pre-seed round led by IPV

Cybersecurity startup Treacle has raised Rs 4 crore in its pre-seed round led by Inflection Point Ventures (IPV). 

The proceeds will be used to enhance technical and business development, marketing and office expenses, partnerships, and expansion in the Indian market.

Led by co-founders Subhasis Mukhopadhyay, Subhajit Manna, and Partha Das, Treacle’s AI-based deception technology provides advanced protection by analyzing attacker behaviour, diverting them into mirage networks, and issuing early warnings to SOC analysts. 

Additionally, the implementation of an AI-based early warning system enhances its capability to identify threats proactively to stay ahead of evolving cyber threats. 

Since its inception, Treacle has secured grants such as the C3iHub grant and the SISFS grant, totalling Rs 26 lakhs, in 2021 and 2022, respectively. Additionally, the startup represented India under DPIIT and participated in a sponsored delegation trip to Dubai in 2022. 

According to startup data intelligence platform TheKredible, cybersecurity startups raised around $75 million across seven deals in 2023. This is the third funding in this space in 2024 including Silence Laboratories and Vijay Kedia-backed TAC Security.

Earlier this year, artificial intelligence-driven cybersecurity platform SentinelOne acquired PingSafe in a cash and stock deal.