Protectt.ai, a mobile app cybersecurity and fraud control platform, has raised Rs 76 crore (approximately $8.7 million) in its Series A funding round led by Bessemer Venture Partners.
The fresh capital will be utilized to enhance its AI-driven mobile app security solutions, accelerate product innovation, develop new AI security solutions, and drive its global expansion into the US, Middle East, and APAC regions.
Founded by Manish Mimani and Mohanraj Selvaraj, Protectt.ai provides a comprehensive suite of mobile app security solutions designed to protect businesses and users from emerging cyber threats and fraud. The company’s flagship Mobile App XDR Platform offers advanced real-time threat detection and response, ensuring robust security for mobile applications.
Protectt.ai also serves as a compliance hub for mobile app owners, helping them meet regulatory requirements from governing bodies such as the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the National Payments Corporation of India (NPCI).
With a significant footprint in the mobile security landscape, Protectt.ai claims to have secured over 300 million smartphones, handling approximately 2 billion mobile app sessions monthly and preventing 200 million cyber threats and fraud attempts every month.
As cyber threats continue to evolve, Protectt.ai’s AI-powered security solutions position it as a critical player in safeguarding mobile ecosystems and ensuring regulatory compliance across industries. With this funding, the company aims to push the boundaries of mobile app security while expanding its presence in global markets.
