Protectt.ai, a mobile app cybersecurity and fraud control platform, has raised Rs 76 crore ($8.7 million) in Series A funding led by Bessemer Venture Partners. The company will use the funds to improve its AI-driven security platform, develop new AI security solutions, and expand globally in the US, Middle East, and APAC.
Founded by Manish Mimani and Mohanraj Selvaraj, Protectt.ai helps protect mobile apps from cyber threats and fraud. Its XDR platform secures businesses and users, covering over 300 million smartphones and processing 2 billion app sessions monthly while preventing 200 million cyber threats and fraud incidents.
What is Protectt.ai?
Protectt.ai is a cybersecurity and fraud prevention platform that specializes in mobile app security. It provides AI-driven solutions to protect mobile applications from cyber threats, fraud, and malicious attacks. The platform serves businesses by ensuring compliance with regulatory requirements from organizations like the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), and the National Payments Corporation of India (NPCI).
Protectt.ai offers an XDR (Extended Detection and Response) platform, which provides advanced security for mobile businesses and users. It helps detect and prevent cyber threats in real time while ensuring the security of digital transactions and sensitive data.
The company claims to secure over 300 million smartphones, processing around 2 billion mobile app sessions per month, and preventing 200 million fraud and cyber incidents monthly. Founded by Manish Mimani and Mohanraj Selvaraj, Protectt.ai is expanding globally and developing new AI-based security solutions to enhance mobile app protection.
Why is This Funding Significant?
The Rs 76 crore ($8.7 million) Series A funding for Protectt.ai is a significant milestone that will drive innovation and expansion in the mobile app cybersecurity space. The investment will help the company enhance its AI-driven security solutions, ensuring mobile apps remain protected from evolving cyber threats and fraud.
With cyber risks on the rise, Protectt.ai aims to develop new AI security solutions to strengthen its defence mechanisms. Additionally, the funding will support its global expansion into the US, Middle East, and APAC, allowing it to reach a wider market. As a compliance hub, Protectt.ai plays a crucial role in helping mobile apps adhere to regulatory requirements from authorities like RBI, SEBI, and NPCI, and this funding will further improve its compliance capabilities.
Backed by Bessemer Venture Partners, a prominent tech investor, Protectt.ai is well-positioned to become a leader in mobile security and fraud prevention, ensuring businesses and users stay protected in an increasingly digital world.
How Will the Funds Be Used?
The Rs 76 crore ($8.7 million) funding will be used by Protectt.ai to enhance its mobile app security solutions and expand its global presence. A major portion of the investment will go into strengthening its AI-driven cybersecurity platform, enabling advanced protection against emerging cyber threats and fraud.
The company also plans to accelerate product innovation by developing new AI security solutions to tackle evolving risks in mobile applications. Additionally, Protectt.ai will use the funds to support its global expansion efforts in the US, Middle East, and APAC regions, aiming to establish a stronger presence in international markets.
Another key area of investment is regulatory compliance, where the company will enhance its role as a compliance hub, ensuring mobile apps meet security standards set by authorities like RBI, SEBI, and NPCI. This funding will help Protectt.ai scale its operations, secure more businesses and users, and maintain its leadership in the mobile app cybersecurity space.
Founders’ Perspective
Protectt.ai’s founders, Manish Mimani and Mohanraj Selvaraj, emphasize the growing need for robust mobile app security in today’s digital landscape.
With this funding, Protectt.ai plans to expand globally, accelerate product development, and enhance compliance solutions, reinforcing its position as a leader in mobile app cybersecurity and fraud prevention.
Key Takeaways
- Significant Funding for Expansion – Protectt.ai has raised Rs 76 crore ($8.7 million) in Series A funding, led by Bessemer Venture Partners, to enhance its mobile app security platform.
- Focus on AI-Driven Cybersecurity – The company is investing in AI-powered security solutions to detect and prevent cyber threats, fraud, and malicious attacks in real-time.
- Global Expansion Plans – Protectt.ai is set to expand into the US, Middle East, and APAC, strengthening its global presence in the mobile cybersecurity market.
- Massive Impact on Mobile Security – The platform already covers over 300 million smartphones, processes 2 billion app sessions per month, and prevents 200 million cyber threats monthly.
- Strong Compliance Capabilities – It acts as a compliance hub, helping businesses meet security regulations from authorities like RBI, SEBI, and NPCI.
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Conclusion
Protectt.ai’s latest funding marks a significant step in its journey toward becoming a global leader in mobile app security and fraud prevention. With AI-driven innovations, the company is enhancing its cybersecurity solutions, expanding into international markets, and strengthening regulatory compliance capabilities.
By securing millions of smartphones and billions of app sessions, Protectt.ai is actively shaping the future of mobile security. Backed by Bessemer Venture Partners, the company is committed to continuous innovation and staying ahead of cyber threats. As it scales globally, Protectt.ai aims to make mobile app security more accessible, efficient, and proactive for businesses worldwide.
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