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Cybersecurity startup Treacle raises INR 4 Crores in pre-seed round led by Inflection Point Ventures

Posted On: 2024-05-11 14:40:50 (Time Zone: IST)

Treacle, a cybersecurity startup has raised INR 4 Crores in a pre-seed round led by Inflection Point Ventures. The funds will be utilised to enhance technical and business development, marketing and office expenses, partnerships, and expansion in the Indian market.

Incubated from the IHub program at FIRST, IIT Kanpur, Treacle, specializes in Defensive Security. Led by Co-founders Subhasis Mukhopadhyay (CEO), Subhajit Manna (CTO), and Partha Das (COO), it combines decades of collective expertise in cybersecurity and software development. Subhasis, with 8 years in Defensive Cyber Security and renowned research acumen, spearheads innovation. Subhajit, comes with a B.Tech in ECE and 7 years' experience in OT systems security and DevOps, ensures technical excellence. Partha, holding a BCA degree and certified as an Ethical Hacker, leverages over 11 years of IT and cybersecurity experience to drive operational efficiency and product development. Together, their diverse skill sets fuel Treacle's mission to pioneer cybersecurity solutions.

Vikram Ramasubramanian, Partner, Inflection Point Ventures says, "Treacle's core strengths lie in our AI-Based Deception Technology, a cornerstone of our Defensive Cyber Security solutions. By analyzing attacker behavior and diverting them into simulated networks, Treacle provides advanced protection. Additionally, the AI-Based Early Warning System enhances the ability to identify threats swiftly and proactively, issuing early alerts to SOC analysts."

Treacle's strengths lie in its cutting-edge AI-Based Deception Technology, which forms the backbone of its Defensive Cyber Security solutions, that provides advanced protection by analyzing attacker behavior, diverting them into mirage networks, and issuing early warnings to SOC analysts. Additionally, the implementation of an AI-Based Early Warning System enhances its capability to identify threats swiftly and proactively. These USPs enable Treacle to offer unparalleled protection, empowering organizations to stay ahead of evolving cyber threats. Dedicated to enhancing national cybersecurity infrastructure, Treacle serves both private and government sectors with cutting-edge solutions developed through rigorous research.

Subhasis Mukhopadhyay, Co-Founder & CEO, says, "Our mission centers on safeguarding network infrastructures through early detection, containment, and deception of threats. We're committed to delivering unparalleled value in the market, ensuring our clients have access to premium security solutions in an affordable manner. Our goal is to establish ourselves as a market leader and create sufficient value to make the cyber world a safer place within the next five to six years."

Treacle has achieved significant milestones since its inception. Notably, they secured grants such as the C3iHub Grant and the SISFS Grant, totalling INR 26 lakhs, in 2021 and 2022, respectively. Additionally, Treacle represented India under DPIIT and participated in a sponsored delegation trip to Dubai in 2022. Further, they clinched the DCIS 2023 Grant worth INR 25 lakhs from the Department of Telecommunications, GoI, and won the AWS Campus fund Grand Challenge 2023, being named the Best Student Led Startup. These accomplishments underscore Treacle's dedication to innovation and excellence in the cybersecurity domain.

The global cybersecurity market is projected to reach $424.97 billion by 2030, with a compound annual growth rate (CAGR) of 13.8%. In the SAM, revenue is expected to reach US$2.53 billion by 2023, with Cyber Solutions dominating at US$1.26 billion. Additionally, the TAM for cybersecurity is forecasted to hit US$166.20 billion by 2023.

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