Cybersecurity Startup PingSafe Receives $3.3 Million from Sequoia Capital

PingSafe, an India-based cloud-native application protection platform (CNAPP) powered by attacker intelligence, announced its exit from stealth mode on Thursday with $3.3 million in seed funding.

The funding round was led by Sequoia Capital India & Southeast Asia's (now known as Peak XV Partners) Surge with participation from prominent angel investors, including Rahul Chari (Co-Founder & CTO, PhonePe), Neeraj Arora (ex-CBO, WhatsApp), Saurya Prakash (Co-Founder, Recko), Vivek Ramachandran (Founder, SquareX) and Gaurav Agarwal (Co-Founder & CTO, Tata 1mg) and Tanglin Ventures, PingSafe said in a statement.

The funding will be used to accelerate PingSafe's business development efforts in India and Southeast Asia, as well as to advance the company's unique approach to cloud security and product innovation.

"Having discovered thousands of critical vulnerabilities in leading companies, we understand the mindset of hackers." "At PingSafe, we incorporate this unique perspective into our CNAPP platform by adding capabilities like the Offensive Security Engine that identify the most critical vulnerabilities and provide proof of exploitability, reducing the overhead of security teams," said Anand Prakash, Founder and Chief Executive Officer, PingSafe.