Treacle Raises Pre-Seed Rs 4 crore Round Led by IPV

Cybersecurity startup Treacle has successfully raised Rs 4 crore in its pre-seed funding round, with Inflection Point Ventures (IPV) leading the investment. The infusion of funds will be pivotal in bolstering various facets of the company, including technical and business development, marketing initiatives, office infrastructure, strategic partnerships, and expanding its footprint in the Indian market.

Founded by Subhasis Mukhopadhyay, Subhajit Manna, and Partha Das, Treacle specializes in AI-based deep technology, offering advanced protection against cyber threats by analyzing attacker behavior, diverting them into mirage networks, and providing early warnings to Security Operations Center (SOC) analysts. The implementation of an AI-based early warning system further enhances Treacle’s proactive threat detection capabilities, enabling it to stay ahead of evolving cyber threats.

The startup has already made significant strides in securing grants, including the C3iHub grant and the SISFS grant, totaling Rs 26 lakhs in 2021 and 2022, respectively. Moreover, Treacle has also represented India under the Department for Promotion of Industry and Internal Trade (DPIIT) and participated in a sponsored delegation trip to Dubai in 2022, underscoring its growing recognition and impact in the cybersecurity domain.

The funding round comes at a time of burgeoning activity in the cybersecurity startup ecosystem. According to data from TheKredible, cybersecurity startups collectively raised approximately $75 million across seven deals in 2023. Notably, Treacle’s pre-seed round marks the third funding event in this space in 2024, following investments in Silence Laboratories and TAC Security, backed by Vijay Kedia.

Earlier this year, the cybersecurity landscape witnessed significant consolidation, with artificial intelligence-driven cybersecurity platform SentinelOne acquiring PingSafe in a cash and stock deal, further underlining the increasing consolidation and innovation in the sector.

Disclaimer: This information is covered based on the latest research and development available. However, it may not fully reflect all current aspects of the subject matter.

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