Lucideus Has Raised $7 Million In A Fresh Round Of Funding Led By MS&AD Ventures
The funds will be mainly used to increase the company’s operational strength by doubling the size of its engineering and sales team in the next three months and scale up the company’s flagship platform - Security Assessment Framework for Enterprises (SAFE).
At present, Lucideus has a team of 200 employees and its customers in India include HDFC, Delhi airport, Indigo, Spice jet, TATA sky, Kotak Mahindra and Pizza Hut. In 2019 Lucideus had a triple-digit revenue growth with a Net Promoter Score (NPS) of 86. Company Founder Saket Modi reported to Inc42 that this new round of investment has a strategic advantage to reach out to a larger audience.