A I-Powered Cybersecurity Platform Zeron Raises $500K in Seed Funding Led by Varanium Capital

Empowering Organizations Worldwide with AI-Powered Cyber Risk Posture Management

Zeron, the pioneering force in cyber risk posture management, is thrilled to announce a significant milestone in its journey toward enhancing global cybersecurity. The company has successfully raised $500,000 in seed funding, with Varanium Capital, a prominent fintech-focused fund, taking the lead, accompanied by support from Yatra Angel Network.

100X.VC was the first institutional investor in January 2023 to invest in the Mumbai-based company, Zeron, which has been on an impressive trajectory. It was soon followed by visionary angels such as Mr. Anoop Mathur, Founder & President at Core Media and Partner at AM Capital, and Mr. K.R.S. Jamwal, Executive Director, Tata Industries. 

This infusion of capital is strategically directed towards fueling Zeron's ongoing research and development initiatives, advancing the frontiers of AI-powered cybersecurity, and expanding its global presence to empower organizations in managing cyber risks effectively

A Global Footprint of Trust and Security

By amalgamating trust-building, contextualization, and quantification, Zeron empowers organizations to make informed cybersecurity decisions, ensuring the effective safeguarding of digital assets while maintaining compliance with industry regulations and thereby enhancing overall cybersecurity resilience.

Zeron's innovative solutions have resonated with a diverse array of customers spanning across Indonesia, Canada, Singapore, the UK, the Philippines, and more. Notable clients include Affin Bank, NTUC, Aditya Birla Capital, and Bank Open among others. Zeron's core mission is to bridge trust gaps among stakeholders, including Board Members, Top Management, CISOs/CIOs, and security teams. The platform offers invaluable insights by contextualizing both tangible and intangible cyber risks from each stakeholder's perspective. Moreover, Zeron's robust tools enable the quantification of these risks, seamlessly aligning them with regulatory mandates and compliance requirements.

Tapping into a $2 Trillion Market Opportunity

In an era where the world is increasingly digital, security is paramount. According to a report by Mckinsey, global cybersecurity is a USD 2 Tn market and we are strategically positioned to capture a substantial share by effectively navigating and mitigating cyber risks, protecting critical assets, and ensuring business resilience.

Sanket Sarkar, Founder and CEO of Zeron, shared his vision, stating, "Zeron's vision is to provide organizations with a Single Point of Truth for Cybersecurity. We are grateful to Varanium Capital, Yatra Angel Networks, and all our supporters for believing in our mission. With this infusion of capital, we are well-equipped to continue delivering on our commitment to cybersecurity excellence."

Vikram Pandya, Head of Research at Varanium Capital, expressed confidence in Zeron, stating, "We are thrilled to partner with Zeron in their mission to revolutionise cybersecurity. Zeron's approach to cyber risk posture management aligns perfectly with the evolving needs of organizations globally today. We believe their AI-powered innovative solutions will significantly impact the cybersecurity landscape."

Mr. Ninad Karpe, Partner, 100X.VC, said, “Zeron’s innovative approach, powered by its advanced AI algorithms, is poised to revolutionize cybersecurity. Our investment underscores our belief in the company’s groundbreaking technology for safeguarding digital assets and staying ahead of evolving cyber threats. We are thrilled to continue supporting Zeron as they redefine the future of cybersecurity and expand their reach globally.”

In the coming years, Zeron is poised for transformative growth. Substantial investments will drive the development of Zeron's state-of-the-art cyber risk posture management solution, offering clients access to sophisticated features for safeguarding their digital assets.

“Zeron's relentless focus on AI-powered cybersecurity will lead to the creation of cutting-edge AI algorithms, empowering clients to stay ahead of ever-evolving cyber threats. As the company redefines cybersecurity, it will expand into new markets, fostering strong client relationships. Strategic partner networks will facilitate global expansion, allowing Zeron to protect organizations worldwide. The future of cybersecurity is secure with Zeron.” emphasised Sanket.

About Zeron

Zeron stands at the forefront of cybersecurity, pioneering cyber risk posture management. The company offers an innovative solution that serves as the definitive source of truth for organizations aspiring to fortify their cybersecurity. By contextualizing cyber risks and harnessing the power of artificial intelligence, Zeron empowers clients to make well-informed decisions, effectively countering the ever-evolving cybersecurity challenges. For more information, please visit the website at www.zeron.one.

About Varanium Capital

Varanium NexGen is a fintech-focused (SEBI registered CAT I AIF) Venture Capital Fund established in 2019. It invests in fintech startups with early revenues. Varanium has previously invested in fintechs like EaseBuzz, Riskcovry, GetVantage, Homeville, DataSutram, and FinVu. Varanium NexGen is part of Varanium Capital Advisors Pvt. Ltd., a Global Multi-Asset Management firm, focused on Emerging Market Strategies managing more than 1.2 Bn USD. Its services include Portfolio Management and Advisory, alternate investment, and offshore fixed income products.

About 100X VC

100X.VC is the first VC to invest in early-stage startups using India SAFE Notes. The fund is sponsored by Mehta Ventures, the Family Office Investment arm of Sanjay Mehta. 100X.VC is SEBI-registered Investment Adviser & CAT I Alternate Investment Fund. 

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