09th May 2024 – Treacle, a cybersecurity startup, recently secured Rs 4 crore in its pre-seed funding round led by Inflection Point Ventures (IPV). The investment aims to bolster technical and business development, marketing, office expenses, partnerships, and market expansion within India.
Co-founded by Subhasis Mukhopadhyay, Subhajit Manna, and Partha Das, Treacle employs AI-driven deception technology to analyze attacker behavior, diverting them into virtual networks, and alerting SOC analysts promptly. Its AI-based early warning system enhances threat detection capabilities, ensuring proactive defense against evolving cyber threats.
Since its establishment, Treacle has received grants totaling Rs 26 lakhs, including the C3iHub and SISFS grants in 2021 and 2022, respectively. The startup also represented India under DPIIT and participated in a sponsored delegation trip to Dubai in 2022.
According to TheKredible, a startup data intelligence platform, the cybersecurity sector witnessed significant growth in 2023, with approximately $75 million raised across seven deals. Treacle’s funding marks the third investment in the space in 2024, following initiatives by Silence Laboratories and TAC Security, backed by Vijay Kedia.
Earlier this year, the acquisition of PingSafe by SentinelOne in a cash and stock deal further underscored the momentum in AI-driven cybersecurity.
Conclusion
Treacle’s successful funding round underscores the growing importance and investment in cybersecurity solutions in India, particularly those leveraging advanced technologies like AI to combat evolving threats.
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