Cybersecurity

$3.3M for PingSafe to fight fire with fire

July 21, 2023
The Pingsafe team (from left to right) Nishant Mittal (Founder and CTO) and Anand Prakash (Founder and CEO). Image from PingSafe

The best defense is offense. Says who? India-based PingSafe, a cybersecurity platform that helps organizations identify, prioritize, and respond to cyber issues! And they just raised a $3.3M seed.

  • Flipkart, RazorPay, and Near Intelligence Inc use their tech!
  • Coming soon? They’ll expand their cloud-native application protection platform globally across SEA, India, and the US.   

Investor check. Peak XV Partners’ Surge led the round. 

  • Prominent angel investors in the tech space and Tanglin Ventures also joined in!

🪲 The backstory

Did you know that companies like Google and Meta actually pay hackers who can find vulnerabilities in their platform? 

Because paying white hat hackers is nothing compared to the losses big companies will face with a successful cyberattack. 

  • Data breach, data loss, and server downtimes can cost companies billions! 

🤺 Advance  

Enter PingSafe, the brainchild of ethical hackers Anand Prakash (he’s found vulnerabilities in Uber and Twitter!) and Nishant Mittal. 

Their platform scans your cloud infrastructure from a hacker's POV. 

What that means. They've got an Offensive Security Engine that sifts through your most toxic vulnerabilities.

  • Security teams have to check hundreds of possible (sometimes false) vulnerabilities, so zeroing on the real danger saves you time.
  • They also help create processes that let you manage vulnerabilities early on.

🔍 Run the numbers!

On a roll? They said that the company has grown 10x in revenue and quadrupled their customer base last year!

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