Delhi-based IT risk assessment and cybersecurity platform, Lucideus Tech Pvt. Ltd. has raised angel investment from the group of investors which include Google India MD Rajan Anandan, former Freecharge CEO Govind Rajan, Digi Locker chief architect, Slideshare co-founder Amit Ranjan and angel investors Sunil Kalra & Victor J Menezes and others.
The company was founded in 2012 by Saket Modi, Vidit Baxi and Rahul Tyagi. It is an IT Risk Assessment and Digital Security Services providing company. The company provides protection to different companies in the domain of their brands, businesses, and dignity from debilitating cyber attacks. The company builds and delivers information security platforms and services, both generic and customized in order to proactively secure, continuously monitor and reactively respond to cyber threats to your technology stack.
The prime objective of the company is to quantify the digital risk and to inculcate a knowledge-based culture of safe and secure use of technology, such that risk becomes an informed business decision leading to minimal disruptions to your business and life.
Without revealing the exact amount of the funding, Saket Modi, founder, and CEO of Lucideus Tech said:
We have raised a couple of million dollars and have used it to design the cybersecurity platform called SAFE (Security Assesment Framework for Enterprises) and have started working on deployment strategies with clients already
The round also saw the participation of Cholamandalam Finance MD Vellayan Subbiah, Kulmeet Bawa, MD Adobe, LinkedIn’s ex-Director of Technology Jonathan Boutelle, Deutsche Bank’s Head of Global Market MD Rahul Chawla, NASDAQ EVP Salil Donde and Cactus Communication CEO Anurag Goel.
Commenting on the company, Govind Rajan, ex-CEO, Freecharge said:
Lucideus has shown consistent top line growth while continuing to innovate itself in the cyber security industry. Considering all the ground work done by Lucideus for the last 5 years, I feel they are well positioned to grab the market opportunity and emerge as clear market leaders
Talking about the investors, Modi said:
We have got a set of marquee names of handpicked investors who have not only invested their money but also bring in their strategic and technical guidance that is playing a key role in our evolution
He further added that Lucideus refused calls from around 2 dozen investors who wanted to invest in them and said:
We wanted to be selective and hands pick the right kind of investors who really become mentors. Most of them have helped us develop the platform which will be launched soon
According to the statement from the company, they have used some of the funds to start working on the next version of SAFE which is expected to be deployed sometime during the end of the year.