Sequretek, a worldwide provider of cybersecurity solutions, has secured $8 million in a Series A funding round, with Omidyar Network India, a venture capital firm with a focus on creating positive impacts, leading the investment. The Series A round also witnessed the participation of the Narottam Sekhsaria Family Office and Alteria Capital. These funds will be deployed to expand the company's international operations and enhance its go-to-market strategies. Additionally, the capital will be allocated to promote greater adoption of cybersecurity solutions among businesses in both the Indian and global markets. It will also be used to boost market share and profitability within the small and medium-sized business sector.

Established in 2013 by experienced professionals in the cybersecurity field, Pankit Desai and Anand Naik, Sequretek provides cybersecurity solutions to safeguard businesses against cyberattacks. Their proprietary AI-driven Percept Cloud Security Platform (CSP) encompasses various products, such as Percept Extended Detection & Response (XDR), Percept Identity Administration & Governance (IGA), Percept Endpoint Detection & Response (EDR), and Managed Security Services (MSS).

"In the post-pandemic landscape, small and medium-sized businesses have seen a rising vulnerability to cyber threats. Although more SMBs acknowledge the importance of effective cybersecurity management, the lack of cost-effective, comprehensive solutions and limited in-house resources have led to a significant security gap within this sector. With our unified product offerings and the support of our investors, we are committed to enhancing accessibility and raising awareness by delivering integrated cybersecurity solutions tailored for SMBs", stated Pankit Desai, CEO of Sequretek.