of India cyber security startup Thanks to a growing realization of digital risks on the part of companies, as well as a push by the government to source more security software locally.
The latest to do good is Kolkata-based Veehere Cyber ​​security Company that specializes in situational awareness. Carrie It is claimed that this year it has crossed Rs 100 crore revenue. Situational awareness is part of a broader threat-intelligence framework that helps governments and companies continuously scan traffic on their networks and assess their vulnerabilities in real time using artificial intelligence.
Crossing Rs 100 crore in revenue would indicate a growth of nearly 30% in FY21, when cyber security spending increased across governments and industries as they sought to plug the hole created by the disruption caused by the Covid-19 pandemic. fought the battle According to the company’s final filings with the registrar of companies for FY15, its revenue from operations was over Rs 77 crore. It is yet to file updated numbers for FY21.
While national security agencies may be early adopters of such intel, they are sitting on petabytes of data that were flowing in and out of the country via satellites and undersea cables, the value and insight of such data. Businesses can get from it is also real.
Praveen Jaiswal, Founder and Director, Veere, says the company is also looking to aggressively expand its enterprise business. Wayhair’s algorithms analyze trends in packets of data and how it moves in the network, relying on AI algorithms Jaiswal calls “actionable intelligence” to detect it.
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Vehere claims that it has been working with national security agencies in India and abroad for some time and has expanded into ventures as well, opening offices in the United States, Armenia, Singapore and South Africa. It claims that 85% to 90% of its revenue comes from selling services to national security agencies around the world.
Vehere is following a model that has been the bread and butter for Israel’s cybersecurity companies—supplying their government and as a tool for enterprise and global markets to build broader market-going strategies. uses it.