Cybersecurity Startup SafeHouse Tech Raises $6 Mn In Funding
Cybersecurity startup SafeHouse Tech has raised pre-Series A funding of $6 million (around Rs 48 crore) led by investor Gonpo Tsering, with participation from other high net-worth individuals.
As per the startup, the raised funds will be used to expand its global footprint across Europe and Southeast Asia and scale up research and development as well as marketing operations.
SafeHouse Tech | Securing Real People In The Digital Space
Founded by Aditya Narang, Liad Herman and Miri Yudovich, SafeHouse Tech is an Indo-Israeli cyber security startup driven by the mission to secure everyone online.
SafeHouse is redefining cyber defense for consumers with its flagship mobile security app – BodyGuard. BodyGuard launched in 2019 and has since secured more than 2.5 million Indian users, with a robust distribution network in 5000 stores covering 700+ cities.
Speaking about the development, Aditya Narang, Co-founder of SafeHouse Tech, said,
“Our mission is to provide digital safety to everyone online. This next era of SafeHouse expands our mission beyond India and enhances our services portfolio. This round of funding reinstates our belief in the execution of the SafeHouse family and, most importantly, continued customer satisfaction of the digital safety we provide online.”
Including this funding round, SafeHouse has raised $9 million in total so far.
This year, numerous cybersecurity startups, including Securden, SubCom (Subconscious Compute) and BluSapphire Cyber Systems, raised funds.
In 2021, the cybersecurity services and product industry in India generated a revenue of USD 9.85 billion, as per a report by the Data Security Council of India (DSCI). According to a report by NASSCOM -DSCI, the Indian cybersecurity services industry is expected to grow at a CAGR of about 21% to touch $13.6 billion by 2025.
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