Pantherun Technologies, a data encryption company that safeguards information across any device, has raised $12 million in a Series A funding round led by Sahasrar Capital Investors and Lucky Investment Managers.
The round also saw participation from existing investors Capital 2B (Info Edge), 8X Ventures, and Real Time Angel Fund (GrowX) and new investment from Founders Collective Fund.
The funds raised will be used to scale internationally, building out sales and partnerships across North America, Europe, and select APAC markets. The funds will be used to accelerate product development, advancing its patented, industrial-grade encryption platform for high-volume and low-latency use cases by using 25% of this fund raise for R&D.
The company will also launch new offerings tailored for device-agnostic deployments across endpoints, edge, cloud, and OT environments.
Founded in 2019 by Srinivas Shekar (CEO) and Tiffany Chan (COO), Pantherun Technologies is a data encryption company providing innovative solutions to safeguard data on any device.
Headquartered in Bangalore, India, Pantherun specializes in real-time encryption, making data breaches significantly more challenging.
Srinivas Shekar, Co-founder and CEO, Pantherun Technologies, said, “Data has become the operating system of modern life. It sits on every device, travels across every network, and powers every decision. This funding is a pivotal step in our journey. We will expand globally, deepen our R&D, and bring new products to market that make strong encryption simple to deploy and consistent across devices.”
Jeevan Patwa, of Sahasrar Capital Investors, said, “Enterprises need encryption that keeps up with device growth and regulatory obligations without adding operational drag and Pantherun offers unique data encryption enabling edge devices to have zero latency secured communication at affordable cost. Pantherun’s architecture is built for scale and speed, and we are confident in the team’s ability to lead this category.”
