Protectt.ai Secures INR 76Cr in Series-A Funding Round

Protectt.ai, a leading mobile app security and fraud control platform, has announced the successful completion of its Series-A funding round, raising INR 76Cr. The investment was led by Bessemer Venture Partners, a prominent venture capital firm.

Key Highlights of the Investment

• Investment Details: The Series-A funding round was led by Bessemer Venture Partners.
• Utilization of Funds: The raised funds will be utilized for product development, enhancing customer experience, and supporting international expansion.
• Protectt.ai’s Role: As a leader in the mobile app cybersecurity space, Protectt.ai aims to safeguard mobile apps from emerging cyber threats and frauds.

Expansion and Innovation Plans

The funds raised will be instrumental in enhancing Protectt.ai’s AI-driven mobile app security solution platform. The company plans to accelerate product innovation, build new solutions for AI Security, nurture niche talent in cybersecurity, and support its global expansion initiatives in the US, Middle East, and APAC.

Comprehensive Mobile App Security Solutions

Protectt.ai offers a comprehensive suite of mobile app security solutions designed to protect mobile apps from cyber threats and frauds. It also serves as a global compliance hub for mobile app owners, ensuring alignment with international security standards. The platform continuously monitors defense configurations, threat events, and security postures, enabling seamless audits, regulatory adherence, and full visibility into the mobile app user journey.

Establishing Leadership in Mobile Security

Protectt.ai has established itself as a leader in AI-powered mobile security, covering over 300 million smartphones, processing approximately 2 billion mobile app sessions every month, and preventing 200 million cyber threats and fraud events monthly. Its solutions are trusted by banking, insurance, NBFC, fintech, stock exchange, and government mobile apps. Protectt.ai has won multiple industry accolades, including the DSCI Innovation Box winner 2023, BW Security Cyber Security Company of the year 2023, and Banking Frontiers Technoviti 2023, reinforcing its commitment to safeguarding digital transactions and mobile applications.

Rapid Growth and Future Plans

With a 2000% revenue growth over the last three years, Protectt.ai continues to redefine mobile app security, ensuring safe and seamless digital transactions in an increasingly mobile-first world. The company is committed to building cutting-edge AI-powered mobile app security solutions that safeguard businesses and consumers alike.

Statements from Key Figures

• Manish Mimani, Founder & CEO of Protectt.ai: "With the rapid surge in mobile cyber threats, the need for advanced security solutions has never been greater. Protectt.ai is committed to building cutting-edge AI-powered mobile app security solutions. This investment will enable us to enhance our technology, scale our operations, and expand into new geographies, reinforcing our position as a leader in mobile app security."
• Vishal Gupta, Partner at Bessemer in India: "Cybersecurity is a core area of focus for us, and Protectt.ai has demonstrated a strong ability to tackle evolving cyber threats through AI-first security solutions. Protectt.ai’s innovative approach, coupled with its rapid growth trajectory, makes it a promising leader in the mobile threat defense space. We are excited to support them in their next phase of expansion."

Publication Details

• Published On: Mar 18, 2025, at 12:38 PM IST

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