The latest funding has almost doubled the company’s valuation in 10 months, which is now nearing $100 million, PTI reported. The round also saw participation from Western Technology Investment (WTI), which invested via debt.
Lucideus Technologies will use the funds to ramp up operations in the US, double its engineering and sales teams in the next three months, and scale up its flagship platform – Security Assessment Framework for Enterprises (SAFE).
“Last year, we had a triple digit revenue growth with a net promoter score (NPS) of 86, and we intend to continue growing at this pace next year. With this intent, we feel this new round of investment has a strategic overlap for our platform to reach out to a larger audience across the world, while continuing to strengthen our leadership across Asia,” Saket Modi, Co-founder & CEO, Lucideus, said.
Lucideus, which was co-founded by Modi, Vidit Baxi and Rahul Tyagi in 2012, provides cyber risk assessment services and platforms to multiple Fortune 500 companies and governments across the globe, according to its LinkedIn profile. It has offices in Palo Alto, Boston, Mumbai & Bangalore.
The company raised $5 million led by Cisco Chairman Emeritus John Chambers in October last year. Prior to that, it raised angel funds from Amit Ranjan, chief architect, digilocker, Govind Rajan, ex-CEO, Freecharge, Rajan Anandan, managing director, Google, among others in May 2017.