Cybersecurity startup Kratikal Tech raises US$500k in seed funding

Cybersecurity startup Kratikal Tech Pvt. Ltd. on Monday announced that it has closed a seed funding round from former director of Microsoft India, Praveen Dubey; along with former managing director of Juniper Networks India, Amajit Gupta; and the chief executive of ImpactQA, J.P. Bhatt.

As per details of the round, Kratikal has raised about US$500k in which the company will use for product development and building training modules.

“I had a really good experience working with Kratikal. They are a very professional team who are clearly very knowledgeable in their space. They work dedicatedly for any projects they received and supported me throughout the terms with them,” said JP Bhatt, the Chief Executive Officer of ImpactQA who is similarly a client of Kratikal.

Founded in 2013 by five alumni of Allahabad’s National Institute of Technology – Pavan Kushwaha, Paratosh Bansal, Dip Jung Thapa, Prashant Pandey, and Ankit Singh – Kratikal Tech works to provide cybersecurity services for large corporations and Fortune 500 Enterprises, protecting their brands and businesses from cyber attacks.

Additionally, the company offers various services such as vulnerability assessment, security auditing, cyber forensics, emergency response, web and mobile application testing, and others.

“We aim to provide world-class cyber security solutions globally and work on building the environment and train the IT (information technology) professionals and digital community in India about how to build secure systems,” Kratikal said in a statement.

The tech startup claims to provide training sessions to corporates, law enforcement agencies, and education institutes, in addition to having trained over 5,000 candidates from over 131 countries through its online modules.

With a team of 15 employees, Kratikal services over 20 clients across corporate houses, police departments, law enforcement agencies and individuals in India, US, Australia, New Zealand and South Africa.

Its client portfolio includes information technology company Unisys, global manufacturer operator Terex, and internet marketing service Dawailelo among some.

Besides, the Delhi-based company is developing a software-as-a-service (Saas) tool to automate its security testing services with the help of built-in artificial technology.

“This automated tool will bring down the high cost of security testing and make it economically feasible for all the SMEs (small and medium enterprises) to be secure,” said Kratikal.

The company competes with Chandigarh-based TAC InfoSec Pvt. Ltd and Delhi-based Lucideus Tech Pvt. Ltd. In 2016, TAC raised an undisclosed amount of pre-series A funding in August, while Lucideus had received an undisclosed angel funding from Amit Choudhary, director of Motilal Oswal Private Equity Advisors Pvt. Ltd.

By Vivian Foo, Unicorn Media

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