DBT Bureau
Bengaluru, 18 March 2025
Mobile app cybersecurity & fraud control platform- Protectt.ai, has raised Rs 76 crore (around $8.7 million) led by Bessemer Venture Partners. This was part of company’s series A funding round, the company said.
The company plans to utilise the funds raised to enhance its AI-driven mobile security platform, develop new AI security solutions, expand internationally in the US, Middle East & APAC. It also plans to recruit more number of people in the cybersecurity space.
“This investment will enable us to enhance our technology, scale our operations, and expand into new geographies, reinforcing our position as a leader in mobile app security ensuring hyper growth.” said Manish Mimani, founder and chief executive of Protectt.ai.
Founded in 2020 by Manish Mimani and Mohanraj Selvaraj, Protectt.ai provides cyber security solutions for mobiles, helping businesses safeguard apps against cyber threats and fraud. Its platform also acts as a compliance hub for mobile app owners, ensuring adherence to regulations from entities such as RBI, SEBI and NPCI.
Its mobile app XDR Platform offers advanced protection against evolving cyber threats, fraud, and malicious attacks, ensuring the security of mobile businesses and users worldwide.
According to Protectt.ai , it has covered over 300 million smartphones, processing approximately 2 billion mobile app sessions every month while preventing 200 million cyber threats and fraud events every month.
