Indian cybersecurity startup WhizHack has secured pre-Series A funding up to $3m to boost its valuation to $40m.
The funding was raised by WhizHack’s existing investors SAA Capital and Vedswasti Holdings.
WhizHack was founded by Kallol Sil, Kaushik Ray and Sanjay Sengupta in 2020. The firm creates security product Ips, provides global security services as well as security training for students and enterprises.
According to VC Circle, the new influx of capital will be deployed for product development, geographical expansion and building centre of excellence in IIT Jodhpur and National Power Training Institute.
The firm claims it has grown in enterprise and consumer segments by over 200% and maximised shareholder value by over 20 times in less than two years with its products and services used by key defence, education and power institutions in India.
WhizHack co-founder Ray said, “Following growth in both research and development as well as getting customers that include Defence, Energy Sector and Universities, we are excited to emerge from stealth.”
Egerie, a cyber risk company, has recently raised €30m in a funding round backed by investors in the insurance and cybersecurity spaces.
Egerie has developed a model that links companies’ data assets with associated business risks. In the example of a sales process, the platform can evaluate and adjust risk responses in real time, based on the evolution of threat landscape, hardware, software, suppliers, and previously unknown security vulnerabilities.
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