Sequretek, a global cybersecurity solutions provider, has raised eight million dollars in a Series A round led by Omidyar Network India, an investment firm. Reportedly, the latest funding round also saw participation from Narottam Sekhsaria Family Office and Alteria Capital.
According to an official release, the funds will be utilised to scale its global operations and go-to-market strategies. From what it’s understood, the funds will also be used to drive higher adoption of cybersecurity solutions for businesses in India and other global markets as well as increase market share and profitability in the small and medium businesses segment.
“I believe small and medium businesses have become more susceptible to cyber-attacks in the post-pandemic world. While more SMBs seem to have realised the need for efficient cybersecurity management, lack of budget-friendly consolidated solutions and inadequate in-house resources, have created a security gap in the sector. With our offerings and the backing of our investors, we aim to channel our efforts to increase accessibility and create awareness with a cybersecurity management for SMBs,” Pankit Desai, CEO, Sequretek, said.
