Key Points
- Funding Announcement: Cybersecurity startup Treacle has secured Rs 4 crore in a pre-seed funding round led by Inflection Point Ventures, signaling investor confidence in its potential.
- Utilization of Funds: The funds raised will be allocated towards enhancing technical and business growth, marketing initiatives, office expenses, collaborations, and expanding operations in the Indian market.
- Background and Expertise: Treacle, born out of the FIRST’s IHub program at IIT Kanpur, boasts a seasoned team with decades of combined experience in cybersecurity and software development, positioning it as a formidable player in the industry.
- Specialization in Defensive Security: Treacle specializes in defensive security solutions, with a core focus on AI-Based Deception Technology, aimed at fortifying network infrastructures and providing advanced protection against cyber threats.
- Investor’s Perspective: Vikram Ramasubramanian, a partner at Inflection Point Ventures, lauded Treacle’s innovative approach, highlighting its AI-based Early Warning System and its ability to identify and proactively mitigate threats.
- Market Growth Projection: The cybersecurity industry is projected to witness robust growth, with a compound annual growth rate (CAGR) of 13.8% to reach $424.97 billion by 2030, offering ample opportunities for innovative solutions like those offered by Treacle.
- Company Mission: Founder and CEO Subhasis Mukhopadhyay articulated Treacle’s mission to establish itself as a market leader and contribute to making the cyber world a safer place within the next five to six years, underscoring the company’s commitment to delivering value to clients.
In a significant development within the cybersecurity domain, Treacle, a burgeoning startup specializing in defensive security, has raised Rs 4 crore in a pre-seed funding round led by Inflection Point Ventures. The infusion of funds is poised to bolster Treacle’s technical and business growth, fuel marketing initiatives, cover office expenses, foster collaborations, and facilitate expansion into the burgeoning Indian market.
Treacle, an offshoot of the prestigious FIRST’s IHub program at IIT Kanpur, boasts a formidable team comprising Subhasis Mukhopadhyay as CEO, Subhajit Manna as CTO, and Partha Das as COO, bringing decades of combined experience in cybersecurity and software development to the table. The startup specializes in defensive security solutions, with a core focus on AI-Based Deception Technology, aimed at fortifying network infrastructures by analyzing attacker behavior and diverting them into simulated networks, thus providing advanced protection.
Vikram Ramasubramanian, a partner at Inflection Point Ventures, lauded Treacle’s innovative approach, stating, “Treacle’s core strengths lie in our AI-Based Deception Technology, a cornerstone of our Defensive Cyber Security solutions. By analyzing attacker behavior and diverting them into simulated networks, Treacle provides advanced protection. Additionally, the AI-based Early Warning System enhances the ability to identify threats swiftly and proactively, issuing early alerts to SOC analysts.”
The cybersecurity landscape is witnessing exponential growth, with the industry expected to develop at a compound annual growth rate (CAGR) of 13.8% to reach $424.97 billion by 2030. Moreover, Treacle is strategically positioned to capitalize on this burgeoning market, with its solutions poised to play a pivotal role in safeguarding network infrastructures through early detection, containment, and deception of threats.
Subhasis Mukhopadhyay, founder and CEO of Treacle, expressed the company’s mission to establish itself as a market leader and create sufficient value to make the cyber world a safer place within the next five to six years. He emphasized Treacle’s commitment to delivering unparalleled value in the market, ensuring clients have access to premium security solutions affordably.
As Treacle embarks on its journey to carve a niche in the cybersecurity landscape, the recent funding infusion underscores investor confidence in its innovative approach and potential to disrupt the market. With a steadfast commitment to innovation and excellence, Treacle aims to redefine the cybersecurity paradigm, safeguarding digital assets and fostering a safer cyber ecosystem for all stakeholders.
