Lucideus, an IT risk assessments and digital security platforms provider, has announced that they have closed an angel funding round of undisclosed amount.
The list of angel investors who participated in the round include – Amit Ranjan (Chief Architect, Digilocker), Anurag Goel (CEO, Cactus Communication), Govind Rajan (ex CEO, Freecharge), Jonathan Boutelle (ex Director of Technology, LinkedIn/SlideShare), Rajan Anandan (Managing Director, Google), Rahul Chawla (Managing Director, Head of Global Markets, Deutsche Bank), Salil Donde (ex EVP, NASDAQ), Sunil Kalra (Angel Investor), Vellayan Subbiah (Managing Director, Cholamandalam Finance), Kulmeet Bawa, MD, Adobe and Victor J Menezes (Angel Investor).
In its last angel funding round, the company had raised funding from three investors including Anand Chandrasekaran (Director, Messenger, Facebook), Amit Chowdhary (Director, Motilal Oswal PE) and Sanjay Baweja (CFO, Suzlon Energy).
Saket Modi, CEO & Co-founder, Lucideus said, “As a company we have been growing 700% y-o-y (average) while being cash flow positive for the last 4 years. We have got a set of marquee names of handpicked investors who have not only invested their money but also bring in their strategic and technical guidance.”
Talking about his investment Govind Rajan one of the angel investors said, “Lucideus has shown a consistent top line growth while continuing to innovate itself in the cyber security industry. At a time when both the government and the private sector are adapting digital, their cyber risk is increasing exponentially with linear addition to their technology stack. Considering all the ground work done by Lucideus for the last 5 years, I feel they are well positioned to grab the market opportunity and emerge as clear market leaders.”
Saket Modi, further highlights, “With an access to the office of the CTO, CIO and CISO of over a 100 customers across the globe, a year back we realized a pressing need that was not being answered by any of the existing products in the cybersecurity space. To address the same we will be launching a cyber risk management platform very soon. The funding raised is largely being used for the research & development of this platform.”
Incubated from IIT Bombay, Lucideus is an IT Risk Assessment and Digital Security Platforms provider. It’s a trusted standard for companies that need to protect their brands, businesses and dignity from debilitating cyber attacks. It builds and delivers information security platforms and services, both generic and customized to proactively secure, continuously monitor and reactively respond to cyber threats to an organisation’s technology stack. Its objective is quantify digital risk to inculcate a knowledge-based culture of safe and secure use of technology, such that cyber risk becomes an informed business decision leading to minimal disruptions to businesses.