Automated Ethical Hacking Platform FireCompass Raises $7 Mn to Help Enterprises Identify and Mitigate Risks Faster

• FireCompass is a Bangalore-based SaaS startup working on automating Red Teaming — a continuous process of rigorously challenging the systems using ethical hackers
• The startup helps enterprises from data breaches by continuously scanning the deep, dark and surface webs using AI-tools

On a mission to revolutionise Cybersecurity, FireCompass, today announced $7 million in funding led by Silicon Valley-based Cervin and Athera Venture Partners ( previously Inventus Capital) along with existing investor BIF (Bharat Innovation Fund). The investment will be used to expand FireCompass' operations across India, U.S. and other international markets and also to bring on new talent.

“Organizations typically test some of their assets some of the time, whereas, hackers are attacking all of the assets all of the time,” said Bikash Barai, Co-Founder of FireCompass. “At FireCompass, our vision is to make Continuous Automated Red Teaming (CART) available to all so that organizations can continuously discover and test all their assets at all times – just like the real attackers”.

Bengaluru and Boston based FireCompass is a category creator for Continuous Automated Red Teaming (CART) and has been recognized as part of the Gartner Hype Cycle. FireCompass is reinventing traditional red teaming using the power of AI and SaaS. The solution runs continuously without the need for software, hardware or additional employee resources.

FireCompass’ automated red teaming and attack surface discovery platform helps companies to mitigate risks faster by identifying vulnerabilities and prioritising the ones that are most likely to be exploited by attackers. Unlike other conventional External Attack Surface Management (EASM) Tools, which stop at the discovery of the attack surface, FireCompass conducts real attacks using its proprietary playbooks. The key advantages are:

• Faster mitigation of risks due to continuous discovery and testing of cyber attack surface
• Lower false positives due to active testing of reconnaissance findings
• Better prioritisation and lesser noise by using attacker-centric playbooks

"FireCompass' technology is a game-changer for organizations looking to stay ahead of cyber threats," said Cervin’s Managing Partner, Preetish Nijhawan. "Their automated red teaming and attack surface discovery capabilities provide unparalleled visibility into exploitable risks, and we are excited to partner with the FireCompass team as they continue to innovate and grow."

“We are very impressed by the list of top Fortune companies who use FireCompass” said Rutvik Doshi, Managing Director of Athera Venture Partners. With the funding, FireCompass plans to continue innovating on its platform and expand its team across engineering, research and sales.

About FireCompass:

FireCompass is a SaaS platform for Continuous Automated Red Teaming (CART) and Attack Surface Management (ASM). FireCompass continuously indexes the deep, dark and surface web to monitor an organization's cyber attack surface. It then launches safe attacks, mimicking real attackers, to help identify attack paths that are otherwise missed by conventional tools. FireCompass is led by serial cybersecurity entrepreneurs and backed by prominent investors and venture capitalist funds. To learn more, visit www.firecompass.com.

Community-led Crypto Investing Platform Crypso Raises $3 Mn in Seed Funding from Hashed Emergent, Athera Venture Partners, Better Capital, and Others

The company will use the capital to augment the platform’s content offerings, partner with crypto creators and influencers, and expand its user base. 

Community-led investing platform for cryptocurrencies, Crypso, has raised $ 3 million in seed funding from Hashed Emergent, Athera Venture Partners (formerly Inventus), Better Capital, Whiteboard Capital, Polygon founders Sandeep and Jaynti, Kunal Shah of CRED, and other prominent angel investors.

The company will use the fresh round of funding to grow its user base and increase the breadth of product offerings and technology.

Founded in 2022 by Truebil.com founders Mr. Suraj Kalwani, Mr. Ravi Chirania, and Mr. Rakesh Raman, Crypso is India’s first-of-its-kind community-focused platform that enables crypto users to learn and discover the latest crypto trends, and invest via one-click trade signals on various altcoins generated by crypto experts.

Focused on millennials and GenZ users, Crypso is on a mission to simplify crypto and offer guided access to retail users with a community-first approach. Within a month of launch, the android only platform has accumulated over 50,000 actively engaged users and over 100 crypto influencers, creators, and experts who are using the app for daily crypto trends and updates with more than 25% of these users trading via social signals. The platform also witnessed more than 1 Cr in trade volumes within a couple of weeks after the launch.

Suraj Kalwani, Co-Founder and CEO, Crypso, said, “Crypto is fundamentally a social asset class and young Indian users actively engage with peers, influencers, and investment communities for crypto updates, analysis, and investment signals. With Crypso, we’re bridging the discovery and transaction loop with a strong hook around guided crypto investing. Users can connect with peers and experts, follow their portfolio movements, and stay on top of crypto trends and investing opportunities.”

Connecting new crypto investors, influencers, and experts on a single platform, the platform is helping users learn new strategies by participating in community group chats.

“This seed funding coming from marquee early investors, angels, and crypto-focused investors provides us with the fuel for growth and turbocharges our belief towards building a delightful consumer app for the growing crypto user base in India.” he added.

Speaking of the funding, Tak Lee, CEO & Managing Partner of Hashed Emergent , said “We are excited to back Suraj and team on their journey to build a user-friendly interface for Indian Web3 users. We like the fact that they are building for the young Indian users who will potentially be the early ones to adopt Crypto in India as we have seen across the globe.

Rutvik Doshi, Managing Partner at Athera Venture Partners(formerly Inventus), said “We have been partners with Suraj and team at Truebil and have seen first hand their ability to solve complex problem statements. Delighted to back them this time with Crypso from Day 1."

About Crypso

Crypso is a community-led crypto investing platform for young Indian crypto users. The platform offers a socially connected experience to users where they can discover and learn market trends by following crypto influencers and experts, joining community discussions with their peers, and trading crypto by executing 1-click trade signals from expert traders. Crypso is on a mission to enable guided and community first access to retail users in the complex crypto markets