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Cybersecurity start-up Lucideus raised $7 million in a round of funding California-based MS&AD Ventures, along with participation from venture capital firm Western Technology Investment. The funding will be utilized to expand operations in the United States of America, double engineering and sales teams in the next three months and scale up the company’s platform - Security Assessment Framework for Enterprises (SAFE) - which helps businesses measure and mitigate, according to the company statement.
Entrepreneur Magazine presented Saket Modi, the founder of Lucideus Tech in the 35under35 edition of 2017.
Incubated out of IIT Bombay, Saket Modi, Vidit Baxi and Rahul Tyagi started off as a Cyber Security Training company, Lucideus Tech Private Limited, in 2012. In 2013, they also started their services business with the objective to quantify digital risk such that a risk becomes an informed decision leading to minimal disruptions to businesses and lives.
“Since then, we have served more than a hundred companies, few of them being Fortune 500 companies from around the world. In 2016, in support of Digital India, we started a campaign called “Secure Digital India”, where we yearn to train more than 10,000 students across more than 50 colleges spanning in more than 30 cities,” Modi says.
(This article was first published in the February 2017 issue of Entrepreneur Magazine. To subscribe, click here)