VC Fund Investments
Mobile security app Protectt.ai attracts Rs.76-Cr led by Bessemer
Mumbai-headquartered Protectt.ai , a mobile app cybersecurity and fraud control platform, has raised INR 76 crore in its Series-A funding round, led by Bessemer Venture Partners.The funds raised will be used to enhance its AI-driven mobile app security platform and accelerate product innovation. The investment will also support the development of new AI security solutions, nurture niche talent in cybersecurity, and aid the company’s global expansion initiatives in the USA, the Middle East, and the Asia-Pacific (APAC) region.Protectt.ai offers a suite of mobile app security solutions, designed to safeguard mobile apps from emerging cyber threats and fraud. It also serves as a global compliance hub for mobile app owners, helping them comply with regulations from entities such as the Reserve Bank of India (RBI), the Securities and Exchange Board of India (Sebi), the National Payments Corporation of India (NPCI), and other regulatory bodies.
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