Protectt.ai, a leading mobile application cybersecurity and fraud control platform, has successfully raised ₹76 crore (approximately $8.7 million) in its Series A funding round, spearheaded by Bessemer Venture Partners. The investment will help the company enhance its AI-driven security platform, drive innovation, and expand globally.
Key Details:
- Funding Amount: ₹76 crore (around $8.7 million)
- Lead Investor: Bessemer Venture Partners
- Purpose of Funding:
- Strengthen the AI-driven mobile app security platform
- Accelerate product innovation
- Develop new AI security solutions
- Expand into the US, Middle East, and Asia-Pacific regions
- Hire specialized cybersecurity talent
Founder's Background:
Manish Mimani, the Founder and CEO of Protectt.ai, is a seasoned entrepreneur with extensive experience in global technology platforms and digital transformation. Before establishing Protectt.ai, Mimani served as the Chief Information Officer at Aviva Life Insurance, where he developed expertise in cybersecurity and technological innovation. His leadership plays a crucial role in steering Protectt.ai’s mission to safeguard mobile applications against evolving cyber threats.
Funding Details:
The infusion of ₹76 crore in Series A funding, led by Bessemer Venture Partners, marks a significant milestone for Protectt.ai. The capital will be allocated to enhancing the company's AI-driven mobile app security platform, accelerating product innovation, and developing new AI security solutions. Additionally, the funds will support Protectt.ai's expansion into key global markets such as the United States, the Middle East, and the Asia-Pacific region. The investment will also help in hiring and nurturing specialized cybersecurity talent.