A report launched in May by NASSCOM-DSCI said the Indian cybersecurity services industry is expected to grow at a compound annual growth rate (CAGR) of about 21 percent to touch $13.6 billion by 2025. The industry had generated a cumulative revenue of about $4.3 billion in 2019, and this is expected to reach $7.6 billion in 2022, the report, titled India Cybersecurity Services Landscape, said. It added that cybersecurity is gaining even more attention from enterprises and governments due to the COVID-19 pandemic.
Chennai and US-based cybersecurity startup Securden, Inc, CO-founded by ex-Zoho executives Balasubramanian Venkatramani and Kumaran Balan in 2018, has raised $ 1.2 million in a seed investment round led by Accel with participation from Girish Mathrubootham, founder and CEO of Freshworks; Axilor Ventures; Manav Garg, founder and CEO of Eka1.com; and CaratLane CEO Mithun Sacheti.
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[Funding alert] Cybersecurity startup Securden raises $1.2M from Accel, others
Chennai and US-based cybersecurity startup Securden Inc has raised $ 1.2 million in a seed investment round led by Accel with participation from Girish Mathrubootham, founder and CEO of Freshworks; Axilor Ventures; Manav Garg, founder and CEO of Eka1.com; and CaratLane CEO Mithun Sacheti.
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