funding: Cybersecurity firm Sequretek raises $8 million funding led by Omidyar Network India

Cybersecurity solutions provider Sequretek said on Tuesday it raised $8 million in a series A funding round led by Omidyar Network India.

The funds will be used to scale its global operations and go-to-market strategies, the company said, in addition to pushing higher adoption of its solutions. They will also be used to increase market share and profitability in the small and medium businesses (SMB) segment.

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“With our consolidated offerings and the backing of our investors, we’re channelling our efforts to increase accessibility and create awareness with an integrated cybersecurity management for SMBs,” said Sequretek CEO Pankit Desai.

“In the last decade, Sequretek has successfully implemented its vision of taking cutting-edge AI driven cybersecurity products to underserved sectors in India at affordable price points. Their digital plus working model has also demonstrated the business viability in catering to the burgeoning Indian SMB sector which often lacks dedicated information security resources,” said Shilpa Kumar, partner at Omidyar Network India.

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