Protectt.ai Secures ₹76 Crore in Series A Funding to Expand Cybersecurity Solutions
- Protectt.ai has raised ₹76 crore in a Series A funding round led by Bessemer Venture Partners to enhance mobile cybersecurity solutions and expand globally.
- The company plans to use the funds to develop AI-driven security tools, strengthen research in mobile threat intelligence, and establish offices in the U.S. and UAE.
Indian cybersecurity firm Protectt.ai has raised ₹76 crore in a Series A funding round led by Bessemer Venture Partners. The investment will be used to drive product innovation, improve customer experience, and expand the company’s global operations, particularly in the United States, the Middle East, and the Asia-Pacific region.
The fresh capital will support Protectt.ai in enhancing its AI-driven security solutions and strengthening research in mobile threat intelligence. The company aims to stay ahead in the evolving cybersecurity landscape by continuously upgrading its offerings.
“Cyber is a very dynamic market,” said Protectt.ai Founder & CEO Manish Mimani.
“New operating systems, new devices, and new malware constantly impact organizations. We have to do advanced research to continuously enhance our products.”
As part of its global expansion, Protectt.ai is setting up offices in the U.S. and the UAE while maintaining India as its innovation hub. The company is also addressing the growing demand for skilled cybersecurity professionals, particularly in the product-focused security space.
Cybersecurity for Mobile Applications
Protectt.ai provides security solutions for mobile applications used in banking, insurance, fintech, stock exchanges, and government services. The company's platform covers over 300 million smartphones and secures more than two billion mobile app sessions each month, preventing approximately 200 million cyber threats.
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“Our security solutions operate at the endpoint—on consumer devices—protecting mobile banking apps, government services, and business applications from threats such as malware, identity fraud, and phishing attacks,” Mimani explained.
The firm’s security platform utilizes artificial intelligence and machine learning to detect and mitigate threats in real-time. By analyzing metadata from millions of smartphones, Protectt.ai identifies malware behaviors and predicts potential cyber threats before they occur.
Additionally, the company ensures compliance with regulatory requirements set by key authorities, including the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the National Payments Corporation of India (NPCI).
With its latest funding, Protectt.ai aims to solidify its position as a key player in mobile application security while expanding its presence in international markets.
Edited by Harshajit Sarmah
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