Cybersecurity startup Kratikal raises pre-Series A funding
Summary
Pavan Kushwaha, chief executive officer at Kratikal, said the latest funding underlines the strength of a firm’s product innovation capabilities, robust unit economics, and deep cybersecurity expertise. The firm has worked with over 100 clients, including Kotak Mahindra Bank, Aditya Birla Capital, Himalaya Wellness, PVR Cinemas, Fortis Healthcare, and Cars24. The cybersecurity has seen no shortage of investor and strategic interest, especially as startups have begun employing frontier technologies such as artificial intelligence and machine learning to be able to adapt to consumer and enterprise needs. Earlier today, Lucideus Inc., which operates an eponymous startup focussed on providing cybersecurity solutions for companies, raised $7 million (approximately Rs 50.18 crore) from investors including the venture capital arm of Japan’s MS&AD Insurance Group Holdings and the US-based Western Technology Investment. In June, software engineering and services provider Cyient invested in Israeli rail cybersecurity firm Cylus Ltd, which was in line with its strategy of developing mobility solutions.