Web3 cybersecurity startup Zyber 365 said that it has raised $100 million at a $1.2 billion valuation from UK-based SRAM & MRAM Group. The company, founded in May this year, is headquartered in London with an operational base in India. Zyber 365 plans to make India the hub of its operations, it said in a statement. “The influx of capital will play a pivotal role in fuelling the company's expansion plans, enhancing its technological capabilities, and solidifying its global market presence,” it added.

SRAM & MRAM Group had also invested in blockchain startup 5ire in July last year. It had pumped in $100 million in the startup at a valuation of $1.5 billion. Founded by Pearl Kapur and ethical hacker Sunny Vaghela, Zyber 365 offers a decentralised and cyber-secured operating system, which adheres to the fundamental principles of environmental sustainability.

Its portfolio offers a range of Web3 products like Layer-0, Layer-1 and Layer-2 blockchains, decentralised identities, data analytics, software development kit, web browser, non-fungible token (NFT) marketplace and initial coin offering (ICO) that can be collectively leveraged as a complete Web3 ecosystem or as a standalone application specified to user requirement.

“With this infusion of capital, we are now well-equipped to accelerate our products development for Web3, AI Products. This investment will not only fuel our growth, but it will also solidify its foothold in the Web3 ecosystem with a diversified portfolio of used cases related to AI, cybersecurity,” Vaghela, who is Zyber 365’s cofounder and chief product officer, said.

“Zyber 365's outstanding team and disruptive technology have already made them a trailblazer in the industry. We are confident that this investment will pave the way for exceptional growth and success in the years to come,” said Mahendra Joshi, director, SRAM & MRAM Group.