Cyber risk management firm Zeron has successfully raised $500,000 in a seed round of funding from Varanium Capital and Yatra Angel Network. The company plans to utilize the funds for research and development projects and to expand its global presence. This recent investment comes after earlier funding rounds from 100X.VC and angel investors such as Anoop Mathur and K.R.S. Jamwal.
Zeron, founded by Sanket Sarkar, specializes in offering solutions to organizations seeking to enhance their cybersecurity measures. The company employs artificial intelligence (AI) technology to assist clients in making informed decisions and effectively combating cybersecurity challenges. Notable clients of Zeron include Affin Bank, NTUC, Aditya Birla Capital, and Bank Open. The company currently operates in several countries including Indonesia, Canada, Singapore, the UK, and the Philippines.
Lead investor Varanium NexGen focuses on investing in fintech startups that have generated early revenues. Previous investments by Varanium NexGen include EaseBuzz, Riskcovry, GetVantage, Homeville, DataSutram, and FinVu.
This recent development in the cybersecurity industry highlights the increasing importance placed on protecting digital assets and sensitive information. With cybersecurity threats on the rise, organizations are recognizing the need for robust risk management solutions. Zeron’s use of AI technology positions them as a leader in the field, providing clients with the tools and insights necessary to navigate the complex cybersecurity landscape.
In May of this year, another cybersecurity startup, SquareX, secured $6 million in a seed round led by Peak XV Partners. This further demonstrates the growing interest and investment in the cybersecurity sector.
As Zeron continues to expand its global reach and enhance its research and development initiatives, they are well-positioned to address the evolving cyber threats faced by organizations worldwide. With their innovative approach and strategic funding, Zeron aims to solidify its position as a trusted partner in the realm of cyber risk management.
