Technisanct, a cyber security startup headquartered in Bangalore with Research Center in Kochi, has raised Rs 2 crore from Shashidhar Pai (S3K Ventures) in partnership with KT Chandy (Partner -EY) and Surabhi Marwah (Partner-EY).
The investment comes in less than a year after the organization announced receiving a start-up grant funding of 22 lakhs from SIIC incubator of IIT Kanpur as part of their first cohort of 13 cyber security start-ups selected pan India.
Speaking on the fundraise, Nandakishore Harikumar, CEO & Founder, Technisanct said, “The investment received is very crucial for us as the digital security of a brand or an individual is at its most fragile state. The fresh capital would help us to scale up technological advancement by improving our AI capability in threat detection and data analytics.”
Commenting on the investment, Shashidhar Pai, Partner, S3K Ventures said, “Cybersecurity has proven to be the need of the hour, especially with the sequence of happenings around the globe. The commitment of Technisanct in securing cyberspace for its diverse clientele has been very impressive. We believe they will create a firsthand imprint in the industry with their avant-garde technology.”
Founded by Nandakishore Harikumar, Dinson David Kurian, and Rakesh Aikkara, Technisanct offers managed services in the field of digital risk management. The startup plans to increase its manpower with fresh capital and a market expansion to the Middle East and Oceanic region is also underway.