Noida-based cybersecurity solutions provider Kratikal, on Wednesday, announced that it has raised $1 Mn in Pre-Series A funding led by Gilda VC, Art Venture, and Magnetic’s founder Rajeev Chitrabhanu. Additionally, Shangrila Infotech LLP, Equentia Natural Resources, Artha Ventures, LetsVenture, and angel investor Madhusudan Gopinath also participated in the round.
With the recently raised funds, Kratikal plans to streamline product development and deployment, and marketing of its cyber security-based solutions. The latest capital infusion will also help Kratikal to augment its business expansion strategy, scale up its workforce, improve its tech infrastructure, and enhance research and development of cybersecurity products. Additionally, the company is also planning to increase operational footprint across India and international markets like the US and Europe.
Founded in 2013 by NIT Allahabad alumni — Pavan Kushwaha, Paratosh Bansal, Dip Jung Thapa — Kratikal has come up with various security solutions to tackle the rising threats in cyberspace.
One of its cyberspace threat tackling solutions, ThreatCop, leverages newage technologies such as artificial intelligence (AI) and machine learning (ML) for employee risk assessment and cyber awareness. Kratikal also offers an email authentication and anti-spoofing tool, KDMARC, that aims to address cyber threats posed by email-based attacks.
Kratikal claims to cater to over 100 clients including the likes of Kotak Mahindra Bank, Aditya Birla Capital, Himalaya Wellness, PVR Cinemas, Fortis Healthcare, Cars24, Pine Labs, and Drivezy, among others.