Protectt.ai, a mobile app cybersecurity & fraud control platform, has raised ₹76 crore in its Series A funding round led by Bessemer Venture Partners.
The fresh funds raised will be used to enhance the AI-driven mobile app security solution platform, accelerate product innovation, build new solutions for AI Security, nurture niche talent in Cyber security, and support its global expansion initiatives in the US, Middle East & APAC.
Manish Mimani, Founder & CEO of Protectt.ai, said, “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 that safeguards businesses and consumers alike. 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 ensuring hyper-growth.”
Vishal Gupta, Partner at Bessemer in India, said, “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. As mobile usage continues to rise, so do threats. Securing digital transactions and applications therefore has become a critical priority across industries. 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.”
Founded in 2020 by Manish Mimani and Mohanraj Selvaraj, Protectt.ai is a Mobile Threat Defense (MTD) cybersecurity company specializing in next-generation mobile app, device, and transaction security solutions.
Their innovative mobile app XDR Platform offers advanced protection against evolving cyber threats, fraud, and malicious attacks, ensuring the security of mobile businesses and users worldwide.
Protectt.ai offers a comprehensive suite of mobile app security solutions, designed to safeguard mobile apps from emerging cyber threats & frauds.
It also serves as a global compliance hub for mobile app owners who need to comply with regulations from entities such as RBI, SEBI, NPCI and other regulatory bodies.
Protectt.ai has established itself as a leader in AI-powered mobile security by covering over 300 Mn+ smartphones, processing approximately 2 Bn+ mobile app sessions every month while preventing 200 Mn+ cyber threats & fraud events every month. Its solutions are trusted by banking, insurance, NBFC, fintech, stock exchange & government mobile apps.
