Cybersecurity startup SecureThings.ai picks up $3.5 million in funding led by Inflexor Ventures

The funding round also saw participation from 9Unicorns, RPG Ventures, SAB Holdings, and various ultra-high networth individuals (UHNIs).

SecureThings.ai, founded by Vishal Bajpai, said it wants to use the fresh capital towards product enhancement, business growth in India and overseas markets.

The California-based startup provides specialised machine learning-based cybersecurity for automobiles. It has a large R&D centre in Pune, to cater to existing customers in the India & APJ market.

“This round of funding will help strengthen our customer base in India & Asia Pacific and Japan (APJ), which continue to be strategic & essential markets for us and also expand the company’s footprint in the US market. We are looking for strategic partnerships in other regions as well. We look forward to working with our new investors, who bring in their necessary expertise to help the company scale up.” Bajpai said.

Since November 2020, Inflexor from its Fund II, has invested in six companies, including Atomberg, GramCover, and Vitra.ai.

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“What drew us to SecureThings was their deep expertise in cybersecurity and its various problem statements; everything ranging from telematics systems to cloud platforms to intelligent automation”, said Venkat Vallabhaneni, managing partner, Inflexor Ventures.

“The multi-layer solution they are developing will have wide-ranging impacts in the automotive sector in the years to come. Coupled with the large-scale adoption of IoT that is expected shortly and the regulatory push by authorities worldwide, we believe that SecureThings has a huge potential, Vallabhaneni added.