Cybersecurity startup Treacle has raised Rs 4,000 crore in a pre-seed round led by Inflection Point Ventures. The funds will be utilized to strengthen technology and business development, marketing and administrative expenses, partnerships and expansion in the Indian market.
Born out of FIRST's IHub program, IIT Kanpur (Treacle) specializes in defensive security. The co-founders are led by Subhasis Mukhopadhyay (CEO), Subhajit Manna (CTO) and Partha Das (COO), combining decades of collective expertise in cybersecurity and software development. Subhasis brings his eight years of experience and distinguished research acumen in defensive cyber security and is at the forefront of innovation. Subhajit has completed his B.Tech in ECE and he has 7 years of experience in OT System Security and his DevOps, ensuring technical excellence. Partha holds his BCA degree and is a certified ethical hacker, leveraging his 11+ years of IT and cybersecurity experience to drive operational efficiency and product development. Their diverse skill sets work together to advance Treacle's mission to pioneer cybersecurity solutions.
Vikram Ramasubramanian, Partner, Inflection Point Ventures “Treacle’s core strength lies in its AI-based deception technology, which is the foundation of defensive cybersecurity solutions. In addition, AI-based early warning systems enhance the ability to quickly and proactively identify threats and provide early warning to SOC analysts.
Treacle's strength lies in cutting-edge AI-based deception technology that forms the backbone of defensive cybersecurity solutions, analyzing attacker behavior, directing attackers to mirage networks, and providing early warning to SOC analysts. Provides advanced protection by emitting light. Additionally, the implementation of an AI-based early warning system will enhance the ability to quickly and proactively identify threats. These USPs enable Treacle to provide unparalleled protection and enable organizations to stay ahead of evolving cyber threats. Dedicated to strengthening the nation's cybersecurity infrastructure, Treacle provides cutting-edge solutions developed through rigorous research to both the private and government sectors.
Subhasith Mukhopadhyay, Co-Founder and CEO“Our mission is focused on protecting network infrastructure through early detection, containment, and deception of threats. We are committed to providing access to premium security solutions. Our goal is to establish ourselves as a market leader and make the cyber world a safer place within the next 5-6 years. It is about creating value.”
Treacle has achieved significant milestones since its founding. Notably, they secured grants such as C3iHub grant and SISFS grant totaling Rs 2.6 million in 2021 and 2022 respectively. Additionally, Treacle said he represented India under DPIIT and participated in a sponsored delegation trip to Dubai in 2022. Additionally, from the Ministry of Communications, Government he won the DCIS 2023 grant worth Rs 2.5 million and won the AWS Campus Fund Grand Challenge 2023. Selected as Best Student-Led Startup. These achievements confirm Treacle's dedication to innovation and excellence in the cybersecurity field.
The global cybersecurity market is projected to reach $424.97 billion by 2030, at a compound annual growth rate (CAGR) of 13.8%. At SAM, revenue is expected to reach US$2.53 billion by 2023, with cyber solutions accounting for the majority at his US$1.26 billion. Additionally, cybersecurity TAM is projected to reach USD 166.2 billion by 2023.
About Treacle
Founded in 2021 by Subhasis Mukhopadhyay, Subhajit Manna, and Partha Das, Treacle operates in the field of defensive cyber security. They have developed an AI-based deception technology solution that identifies attackers early and improves the overall efficiency of security operations centers (SoCs).
