End-to-end product-based cybersecurity solutions provider Kratikal announced that it had recently raised $1 million in pre-series A funding. The round was led by Gilda VC, Art Venture, and Rajeev Chitrabhanu. Madhusudan Gopinath, Shangrila Infotech LLP, Equentia Natural Resources, Artha Ventures, and LetsVenture also participated in the round. Kratikal will also receive financial guidance from Chitrabhanu which will guide the company to achieve a positive return on investment (ROIs).
With the recently raised funds, Kratikal plans to streamline product development and deployment, and marketing of its cyber security-based solutions. The latest capital infusion will also help Kratikal to augment its business expansion strategy, scale up its workforce, improve its tech infrastructure, and enhance research and development of cybersecurity products. Additionally, the company is also planning to increase operational footprint across India and international markets like the US and Europe.
Further, the recent association with Gilda VC, a Dubai-based venture capital firm, will help Kratikal to capitalise on emerging business opportunities in the Middle East market. Moreover, Art Venture will assist in the startup’s expansion in the BFSI sector.
Founded in 2013 by NIT Allahabad alumni Pavan, Paratosh Bansal (CTO), and Dip Jung Thapa (COO), Kratikal was incubated under the Ministry of Telecom, recognised under Startup India, and also counted as one of the top six companies in the Nasscom Product Conclave showcase 2018. Since its inception, Kratikal has launched various innovative security solutions to tackle the growing threats and risks in cyberspace. These include ThreatCop, an artificial intelligence and machine learning-based simulation product designed for employee risk assessment and cyber awareness. Its other product, KDMARC, is an email authentication and anti-spoofing tool that aims to address the cyber threats posed by email-based attacks.
Currently, Kratikal serves more than 100-plus clients including Kotak Mahindra Bank, Aditya Birla Capital, Himalaya Wellness, PVR Cinemas, Fortis Healthcare, Cars24, Pine Labs, and Drivezy, among others.
The early-stage cybersecurity startup, Kratikal, was also incubated by the Ministry of Telecom and is recognised under the government’s Startup India initiative. Moreover, it was also counted as one of the top six companies in the Nasscom Product Conclave showcase 2018.
Pavan Kushwaha, Founder and CEO of Kratikal, said in a press release: “Our latest funding round is an important milestone for us, as it underlines the strength of our product innovation capabilities, robust unit economics, and deep cybersecurity expertise. It also brings the right mix of domain expertise and business networking opportunities to the table.”
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