Cybersecurity startup Treacle raises Rs 4 crore led by Inflection Point Ventures

Cybersecurity startup Treacle has raised Rs 4 crore in a pre-seed round of funding led by Inflection Point Ventures.

The funds raised will be used to improve technical and business growth, marketing and office expenses, collaborations, and expansion into the Indian market.

Treacle emerged from FIRST's IHub program at IIT Kanpur, specialises in defensive security. Co-founded by Subhasis Mukhopadhyay (CEO), Subhajit Manna (CTO), and Partha Das (COO) bring decades of combined experience in cybersecurity and software development.

Earlier, Treacle received funding of Rs 26 lakh for the C3iHub Grant and the SISFS Grant in 2021 and 2022, respectively.

“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.” said Vikram Ramasubramanian, partner at Inflection Point Ventures.

By 2030, the worldwide cybersecurity industry is expected to develop at a compound annual growth rate (CAGR) of 13.8% to reach $424.97 billion. By 2023, the SAM is predicted to generate $2.53 billion in revenue, with Cyber Solutions leading the way at $ 1.26 billion. Furthermore, by 2023, the TAM for cybersecurity is expected to reach $166.20 billion.

“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 affordably. 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.” said founder and CEO, Subhasis Mukhopadhyay.