Indian Cybersecurity Firm Protectt.ai Raises Rs 76 Crore in Series A Funding

Protectt.ai, an Indian cybersecurity company specializing in mobile application security, has secured Rs 76 crore in Series A funding, which was led by Bessemer Venture Partners. The investment will fuel the firm's product innovation, enhance customer experience, and expand its global footprint in the United States, Middle East, and Asia-Pacific regions.

The mobile security platform provider plans to allocate the fresh capital toward developing new AI-driven security solutions and strengthening its research capabilities in mobile threat intelligence.

"Cyber is a very dynamic market," Mimani told YourStory. "New operating systems, new devices, and new malware constantly impact organizations. We have to do advanced research to continuously enhance our products."

Protectt.ai is establishing offices in the US and UAE as part of its international expansion strategy while maintaining India as its innovation hub.

"India will continue to be our innovation hub, but for scaling, we are establishing a presence in international markets," Mimani added.

The company is also investing in cybersecurity talent to address India's product-focused security expertise shortage.

Protectt.ai currently protects over 300 million smartphones and secures more than 2 billion mobile app sessions monthly. Its security solutions integrate with banking, insurance, fintech, stock exchange, and government mobile applications, preventing over 200 million cyber threats monthly.

"Our security solutions operate at the endpoint—on consumer devices—protecting mobile banking apps, government services, and business applications from threats such as malware, identity fraud, and phishing attacks," Mimani said.

The platform leverages artificial intelligence and machine learning technologies to detect and mitigate threats in real-time. It analyzes metadata from hundreds of millions of smartphones to identify malware behaviors and predict potential cyber-attacks.

"We analyse metadata from 300 million+ smartphones to identify malware behaviours and predict cyber threats," Mimani explained. "By understanding device models and user behavior patterns, we preemptively secure applications before attacks happen."

Protectt.ai also serves as a compliance hub for mobile applications, ensuring adherence to regulatory requirements from authorities, including the Reserve Bank of India, the Securities and Exchange Board of India, and the National Payments Corporation of India.