Kolkata: Treacle, a cybersecurity startuphas raised INR 4 Croresin a pre-seed round led by Inflection Point Ventures. The funds will be utilized to enhance technical and business development, marketing and office expenses, partnerships, and expansion in the Indian market.
Incubated from the IHub program at FIRST, IIT Kanpur, Treacle, specializes in Defensive Security. Led by Co-founders Subhasis Mukhopadhyay (CEO), Subhajit Manna (CTO), and Partha Das (COO), it combines decades of collective expertise in cybersecurity and software development. Subhasis, with 8 years in Defensive Cyber Security and renowned research acumen, spearheads innovation. Subhajit who comes with a B.Tech in ECE and 7 years experience in OT systems security and DevOps, ensuring technical excellence. Partha, holding a BCA degree and certified as an Ethical Hacker, leverages over 11 years of IT and cybersecurity experience to drive operational efficiency and product development. Together, their diverse skill sets fuel Treacle’s mission to pioneer cybersecurity solutions.
- Treacle specializes in AI-based DeceptionTech solutions.
- Their innovative technology detects attacks early, significantly boosting Security Operations Centre (SoC) effectiveness.
- Funds raised will be utilized for technical and business development, marketing, and business scale-up.
- Treacle’s representation as part of the DPIIT delegation at Dubai Expo 2020 marks a notable achievement, affirming its pivotal role in India’s cybersecurity sector.
- Companysecured Rs 26 lakhs in grants from C3iHub and the SISFS Grant in 2021 and 2022, respectively.
- So far, Inflection PointVentures has invested over INR 700 Cr across200+ startups.
Vikram Ramasubramanian, Partner, Inflection Point Ventures, says, “Treacle’s core strengths lie in our AI-based Deception Technology, a cornerstone of our Defensive Cyber Security solutions. By analyzing attacker behavior and diverting it into simulated networks, Treacle provides advanced protection. Additionally, the AI-Based Early Warning System enhances the ability to identify threats swiftly and proactively, issuing early alerts to SOC analysts.”
Treacle’s strengths lie in its cutting-edge AI-Based Deception Technology, which forms the backbone of its Defensive Cyber Security solutions, which provides advanced protection by analyzing attacker behaviour, diverting them into mirage networks, and issuing early warnings to SOC analysts. Additionally, the implementation of an AI-Based Early Warning System enhances its capability to identify threats swiftly and proactively. These USPs enable Treacle to offer unparalleled protection, empowering organizations to stay ahead of evolving cyber threats. Dedicated to enhancing national security infrastructure, Treacleserves both
private and government sectors with cutting-edge solutions developed through rigorous research.
Subhasis Mukhopadhyay, Co-Founder & CEO, says, “Our mission centres on safeguarding network infrastructures through early detection, containment, and deception of threats. We’re committed to delivering unparalleled value in the market, ensuring our clients have access to premium security solutions in an affordable manner. Our goal is to establish ourselves as a market leader and create sufficient value to make the cyber world a safer place within the next five to six years.”
Treacle has achieved significant milestones since its inception. Notably, they secured grants such as the C3iHub Grant and the SISFS Grant, totalling INR 26 lakhs, in 2021 and 2022, respectively. Additionally, Treacle represented India under DPIIT and participated in a sponsored delegation trip to Dubaiin 2022. Further,they clinched the DCIS 2023 Grant worth INR 25 lakhs from the Department of Telecommunications, GoI, and won the AWS Campus fund Grand Challenge 2023, being named the Best Student Led Startup. These accomplishments underscore Treacle’s dedication to innovation and excellence in the cybersecurity domain.
The global cybersecurity market is projected to reach $424.97 billion by 2030, with a compound annual growth rate (CAGR) of 13.8%. In the SAM, revenue is expected to reach US$2.53 billion by 2023, with Cyber Solutions dominating at US$1.26 billion. Additionally, the TAM for cybersecurity is forecasted to hit US$166.20 billion by 2023.
About Treacle:
Founded in 2021 by Subhasis Mukhopadhyay, Subhajit Manna, and Partha Das, Treacle works in the area of Defensive Cyber Security. They have developed an AI-Based Deception Tech solution that helps identify attackers at an early stage and increases the overall efficiency of the Security Operations Centre (SoC).
About Inflection Point Ventures and Physis Capital:
Inflexion Point Ventures (IPV)is an angel investing platform with over 14,000+CXOs, HNIs, and Professionals to invest together in startups. The firm supports new-age entrepreneurs by providing them with monetary &experiential capital and connecting them with a diverse group of investors. IPV has announced the launch of a $50 million CAT 2 AIF, Physis Capital, to invest in pre-Series A to Series B growth-stage startups.
