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Make In India: Meet 5 Promising Cybersecurity Startups Redefining The Indian Cybersecurity Space
The global information security market is forecast to grow at a five-year compound annual growth rate of 8.7% to $188.8 billion in 2023.
Photo Credit : Shutterstock
From big businesses to startups, every entity of the corporate world is vulnerable to cyberattacks. This has led to the rise in need of the tools to tackle and fight the cyberthreat. Businesses now began to rethink their strategies in order to cope up with the changing scenario. The companies are bound to take extra efforts and measures in order to strengthen cybersecurity. With this increasing need, companies are looking for cybersecurity providers. Thus bringing the need for the up-gradation of cybersecurity measures, the smartest approach business can use to boost their cybersecurity.
Given this situation, several Indian startups have emerged as the leading players in the industry. Make in India initiative has acted as a boom for the cybersecurity companies in India. The number of Indian cybersecurity product startups in 2020 has grown to over 225 from over 175 in 2018, while revenue has doubled to over $1 billion in 2020 from $475 million in 2018, according to the Data Security Council of India’s latest report.
According to Gartner Inc, the global information security market is forecast to grow at a five-year compound annual growth rate of 8.7% to $188.8 billion in 2023. The adoption of flexible work models has made the industries increase their cybersecurity spent. Many companies including Twitter, Amazon, etc have now opted for the lifetime work from home model yet again increasing the cybersecurity demand.Cybersecurity in India has come a long way in the past few years and has gained huge importance in recent times of COVID.
Here are the top 5 promising cybersecurity startups to watch:
WiJungle: WiJungle, a Jaipur-based cybersecurity startup, is the Unified Network Security Gateway that enables organizations to manage and secure their entire network through a single-window. In the past years, it has vehemently won the confidence of India’s governmental organizations as well as various verticals of enterprises. WiJungle currently serves government and private giants across industry verticals like hospitality, healthcare, education, BFSI, retail, defense, transportation, ITES, etc. WiJungle, the only prominent player in the Unified Network Security space, has emerged as the Government’s New Face of Cyber Security. It is extensively serving more than 15 ministries & PMO in the central government along with numerous state-level organizations.
TAC Security: TAC Security is a global leader in vulnerability management that protects Fortune 500 companies, leading enterprises, and governments around the world.
TAC Security manages 5+ Million vulnerabilities through it's Artificial intelligence (AI) based Vulnerability Management Platform ESOF (Enterprise Security in One Framework). It operates from Mumbai, Chandigarh, New York, Albuquerque & Bangalore.TAC Security combines the widest view of vulnerability and risk data across the enterprise to create insightful cyber risk scores. The power of artificial intelligence and user-friendly analytics helps you measure, prioritize, and mitigate vulnerabilities across the entire IT stack.
Aristi Labs: Bhopal-based Aristi Labs offers security solutions to help businesses protect data and intellectual property. Founded in 2016 by Utkarsh Bhargava, the startup's core product ‘Securign’ provides a security information and event management platform (SIEM) to help businesses with threat detection capabilities across cloud and on-premises landscape. It aims to help businesses eliminate security blind spots and regain control over shadow IT. The bootstrapped startup, which counts the Indian Army as one of its clients for the Securign software, is now looking at expanding its business to the US and European markets.
Securden: Incorporated in 2018 by ex-Zoho executives Balasubramanian Venkatramani and Kumaran Balan, cybersecurity startup Securden aims to solve the fundamental IT infrastructure access security challenges faced by IT, operations, and security teams in enterprises by preventing cyber attacks, insider exploits, and malware propagation. Amidst the lockdown, the Securden suite caters to the needs of the remote workforce too. It offers a remote access solution for IT staff and an end-point permissions management tool for remote employees that together make remote work secure and productive.
Prophaze: It is the emerging cybersecurity startup in India. They provide Docker Security using WAF Container, Web Application Firewall for Kubernetes Platform, OWASP TOP 10, API Security, etc. Headquartered in Cochin, Kerala, it is providing cybersecurity solutions to various companies. It is the state-of-the-art web application security for businesses and SaaS providers. They provide enterprises with solutions from beginning to end and offer all the services needed to secure the web applications including application architecture review, testing, onboarding assistance, product deployment, DevOps training, and compliance.