Treacle, a cutting-edge cybersecurity startup, has successfully raised Rs 4 crore in a pre-seed funding round spearheaded by Inflection Point Ventures (IPV). The newly acquired capital will propel Treacle’s technical and business development, fuel marketing efforts, facilitate strategic partnerships, and accelerate its growth within the burgeoning Indian cybersecurity market.
Founded by Subhasis Mukhopadhyay, Subhajit Manna, and Partha Das, Treacle stands at the forefront of cyber defense with its sophisticated AI-based deception technology. The platform meticulously analyzes attacker behavior patterns, diverting malicious actors into meticulously crafted mirage networks. This sophisticated tactic, coupled with AI-powered early warning systems, significantly enhances Treacle’s ability to proactively identify and mitigate evolving cyber threats.
“We are thrilled to have the support of Inflection Point Ventures as we enter this next stage of growth,” said Subhasis Mukhopadhyay, CEO of Treacle. “This investment will allow us to further refine our AI-driven deception technology, empowering organizations to safeguard their digital assets and maintain robust cyber resilience.”
Treacle’s dedication to innovation has already garnered industry recognition. The company has been awarded substantial grants from C3iHub and SISFS, totaling Rs 26 lakhs. Furthermore, Treacle represented India under DPIIT, participating in a sponsored delegation trip to Dubai in 2022 to showcase its cybersecurity prowess.
The investment in Treacle underscores the growing importance of cybersecurity solutions, particularly in India’s rapidly expanding digital landscape. According to TheKredible, a leading startup data intelligence platform, cybersecurity startups across India secured approximately $75 million in funding across seven deals in 2023. Treacle’s funding round adds to this momentum, joining Silence Laboratories and Vijay Kedia-backed TAC Security as noteworthy recipients of investments in the cybersecurity sector in 2024.
“Treacle’s unique approach to deception technology, powered by artificial intelligence, positions them exceptionally well to disrupt the cybersecurity industry,” remarked Vinay Bansal, Founder & CEO, Inflection Point Ventures. “We anticipate their leading-edge solutions will play a vital role in helping Indian businesses stay ahead of the curve in an increasingly complex threat environment.”
The cybersecurity landscape continues to evolve, with major acquisitions like SentinelOne’s takeover of PingSafe earlier this year highlighting the dynamic nature of the industry. Treacle, armed with fresh funding and its innovative technology, is primed to make its mark as a formidable player in protecting organizations against the ever-present threat of cyberattacks.
