Omidyar Network India leads $8 million Series A round in cybersecurity firm Sequretek

Global cybersecurity solutions provider Sequretek has raised $8 million in its Series A round of funding, the company announced on Tuesday, November 7. In the round, Omidyar Network India acted as the lead investor.
 
Narottam Sekhsaria Family Office and Alteria Capital also took part in the round, Sequretek said in a press note.
 
Sequretek plans to use the funds to scale its global operations and go-to-market strategies. It will also use the proceeds to drive higher adoption of cybersecurity solutions for businesses in India and other global markets as well as increase market share and profitability in the small- and medium-business segments.
 
Omidyar Network India is part of Omidyar Group. It invests in the areas of advancing cities, digital society, education and employability, emerging tech, financial inclusion and well-being, and property inclusivity.
 
"At Omidyar Network India, we are focused on driving accessibility of privacy and data governance solutions, especially for small- and mid-sized customers. In the last decade, Sequretek has successfully implemented its vision of taking cutting-edge AI-driven cybersecurity products to underserved sectors in India at affordable price points. Its digital plus working model has also demonstrated the business viability of catering to the burgeoning Indian SMB sector, which often lacks dedicated information security resources,” said Shilpa Kumar, partner at Omidyar Network India.
 
Sequretek was founded in 2013 by Pankit Desai and Anand Naik. The company protects businesses from cyber breaches through its own AI-powered Percept Cloud Security Platform (CSP). The Percept CSP includes Percept Extended Detection & Response (XDR), Percept Identity Administration & Governance (IGA), Percept Endpoint Detection & Response (EDR) products, and Managed Security Services (MSS).