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Lucideus Tech secures funds from angel investors

New Delhii: Top executives of Google, Facebook and former workers of LinkedIn and NASDAQ have invested an undisclosed sum in cybersecurity solutions and services company Lucideus Tech that provides a one stop cybersecurity solution for companies.

Modi also stated that the company has used a number of the funds to begin working at the following variant of SAFE which will be installed sometime during the end of the year.

The list of Lucideus angel investors contains Amit Ranjan, chief architect of Digilocker, an initiative launched by the Indian government; Anurag Goel, CEO of Cactus Communication; Govind Rajan, former CEO of Freecharge; Jonathan Boutelle, a former manager of Technology at LinkedIn/SlideShare; Rajan Anandan, managing director at Google India; Rahul Chawla, managing director and head of global markets at Deutsche Bank; and Salil Donde, a former executive vice president at NASDAQ.

Lucideus Tech, which supplies cybersecurity for the BHIM app, has other angel investors like Anand Chandrasekaran, manager, messenger of Facebook; Amit Chowdhary, manager at Motilal Oswal PE, and Sanjay Baweja, chief financial officer of Suzlon Energy.

Describing SAFE, Modi said it was the first cybersecurity platform to de-jargon security for CEOs and let them take steps to stop further damage to their business.

Today there’s a brand new tendency under which Venture Capitalists are asking cybersecurity firms to appraise companies before investing in them, Modi said, including that Lucideus had received a dozen such requests in the past six months from India and abroad.

There are major differences in the area of cybersecurity today particularly when it comes to threat visibility and risk assessment post a hack attack. There are platforms similar to SAFE but where it truly is unique is that it can do menace intelligence (both internal and external), suggest activities and provide an evaluation in the company context too, said Felix Mohan, CEO of CISO cybersecurity and former international chief information security officer of Airtel.

He described that SAFE can help bring down the time of threat acknowledgement from an international average of 240 days as it’s a real time cyber risk management applications. Lucideus claims that SAFE can bring down danger detection to 70 strange days.

Jonathan Boutelle, ex-manager of Technology of LinkedIn/SlideShare additionally stated that SAFE empowers the leadership teams to ensure a firm grasp on their cyber threat that in the majority of instances is directly proportional to company hazards.

Business pros who’ve seen demos of the product likewise stated that SAFE could be a potential game changer.

Another chief information officer of a FMCG company stated that the product if deployed will help him sleep calmly at night.

According to Modi, SAFE draws danger intelligence from several danger feeds throughout the worldsome of which are paid subscriptionsand its own threat intelligence team of 12. Some personnel of our threat intelligence team is based out of Palo Alto, he said, including that SAFE will cost companies between Rs 3 to 10 crore a year predicated on a customers requirement.ne quit cybersecurity options for companies. Photograph: AFP

New Delhii: Top executives of Google, Facebook and former workers of LinkedIn and NASDAQ have invested an undisclosed sum in cybersecurity solutions and services company Lucideus Tech that provides a one stop cybersecurity solution for companies.

Modi also stated that the company has used a number of the funds to begin working at the following variant of SAFE which will be deployed sometime during the end of the year.

The list of Lucideus angel investors contains Amit Ranjan, chief architect of Digilocker, an initiative launched by the Indian government; Anurag Goel, CEO of Cactus Communication; Govind Rajan, former CEO of Freecharge; Jonathan Boutelle, a former manager of Technology at LinkedIn/SlideShare; Rajan Anandan, managing director at Google India; Rahul Chawla, managing director and head of global markets at Deutsche Bank; and Salil Donde, a former executive vice president at NASDAQ.

Lucideus Tech, which supplies cybersecurity for the BHIM app, has other angel investors like Anand Chandrasekaran, manager, messenger of Facebook; Amit Chowdhary, manager at Motilal Oswal PE, and Sanjay Baweja, chief financial officer of Suzlon Energy.

Describing SAFE, Modi said it was the first cybersecurity platform to de-jargon security for CEOs and let them take steps to stop further damage to their business.

Today there’s a brand new tendency under which Venture Capitalists are asking cybersecurity firms to appraise companies before investing in them, Modi said, including that Lucideus had received a dozen such requests in the past six months from India and abroad.

There are major differences in the area of cybersecurity today particularly when it comes to threat visibility and risk assessment post a hack attack. There are platforms similar to SAFE but where it truly is unique is that it can do menace intelligence (both internal and external), suggest activities and provide an evaluation in the company context too, said Felix Mohan, CEO of CISO cybersecurity and former international chief information security officer of Airtel.

He described that SAFE can help bring down the time of threat acknowledgement from an international average of 240 days as it’s a real time cyber risk management applications. Lucideus claims that SAFE can bring down danger detection to 70 strange days.

Jonathan Boutelle, ex-manager of Technology of LinkedIn/SlideShare additionally stated that SAFE empowers the leadership teams to guarantee a firm grasp on their cyber threat that in the majority of instances is directly proportional to company hazards.

Business pros who’ve seen demos of the product likewise stated that SAFE could be a potential game changer.

Another chief information officer of a FMCG company stated that the product if deployed will help him sleep calmly at night.

According to Modi, SAFE draws danger intelligence from several danger feeds throughout the worldsome of which are paid subscriptionsand its own threat intelligence team of 12. Some personnel of our threat intelligence team is based out of Palo Alto, he said, including that SAFE will cost companies between Rs 3 to 10 crore a year predicated on a customers requirement.

About the author

Yagvendra Singh Kumpawat

Yagvendra Singh kumpawat is the Head/Chief Digital Officer at Indira IVF Group with extensive 7 Years experience in Digital Marketing, Startup Consulting and has worked for global MNCs as well as startups.

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