Cybersecurity startup FireCompass raises $7 million in early-stage funding
The venture capital firm Cervin, with offices in Palo Alto, led a $7 million investment round for the cybersecurity business FireCompass. Athera Venture Partners in Bengaluru and Bharat Innovation Fund (BIF), a deeptech investor with offices in Ahmedabad, were additional investors who took part in the round. BIF had previously invested in the startup in an undisclosed manner.
Bikash Barai, co-founder and CEO of FireCompass, stated that the newly raised funds will be utilised to expand operations throughout India, the United States, the Middle East, and Europe as well as to innovate on the company's current product range.
FireCompass, a company founded in 2019 by Barai and Priyanka Aash, guards businesses against data breaches by continuously scanning the deep, dark, and surface webs with techniques based on artificial intelligence. Its products include Software-as-a-Service (SaaS)-based technologies for managing the external attack surface, continuous automated red teaming, managing the attack surface, managing the digital footprint, managing shadow IT, and assessing the risk of ransomware.
With CART, a system that aids businesses in continuously discovering and testing assets at all times, FireCompass, which gets around 60% of its income from the US, claims to be a category inventor. The solution doesn't require any new software, hardware, or staff resources to operate continually. Boston- and Bengaluru-based FireCompass launches safe attacks by imitating actual attackers to assist discover attack vectors.
Barai has previously created the Chiratae Ventures-funded cybersecurity business iViZ Security. Later, iViZ Security was bought by Nasdaq-listed Synopsys. Three telecom firms, including T-Mobile in the United States, Future Generali and Airtel Payments Bank, system integrator L&T Technologies Services, and e-commerce business Nykaa are among the company's clients.
In order to help organisations strengthen their cyber defences, IBM had previously announced the acquisition of Randori, a Boston-based offensive security startup that likewise combines attack surface management (ASM) with continuous automated red teaming (CART).
Bikash Barai, co-founder and CEO of FireCompass, stated that the newly raised funds will be utilised to expand operations throughout India, the United States, the Middle East, and Europe as well as to innovate on the company's current product range.
FireCompass, a company founded in 2019 by Barai and Priyanka Aash, guards businesses against data breaches by continuously scanning the deep, dark, and surface webs with techniques based on artificial intelligence. Its products include Software-as-a-Service (SaaS)-based technologies for managing the external attack surface, continuous automated red teaming, managing the attack surface, managing the digital footprint, managing shadow IT, and assessing the risk of ransomware.
With CART, a system that aids businesses in continuously discovering and testing assets at all times, FireCompass, which gets around 60% of its income from the US, claims to be a category inventor. The solution doesn't require any new software, hardware, or staff resources to operate continually. Boston- and Bengaluru-based FireCompass launches safe attacks by imitating actual attackers to assist discover attack vectors.
Barai has previously created the Chiratae Ventures-funded cybersecurity business iViZ Security. Later, iViZ Security was bought by Nasdaq-listed Synopsys. Three telecom firms, including T-Mobile in the United States, Future Generali and Airtel Payments Bank, system integrator L&T Technologies Services, and e-commerce business Nykaa are among the company's clients.
In order to help organisations strengthen their cyber defences, IBM had previously announced the acquisition of Randori, a Boston-based offensive security startup that likewise combines attack surface management (ASM) with continuous automated red teaming (CART).
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