Lucideus strengthens its Strategic Investment
Lucideus has announced that they have closed an angel funding round of undisclosed amount.
The list of angel investors includes:
1. Amit Ranjan – Chief Architect @ Digilocker
2. Anurag Goel – CEO @ Cactus Communication
3. Govind Rajan – ex-CEO @ Freecharge
4. Jonathan Boutelle – ex-Director of Technology @ LinkedIn/SlideShare
5. Kulmeet Bawa – Managing Director @ Adobe
6. Rajan Anandan – Managing Director @ Google
7. Rahul Chawla – Managing Director, Head of Global Markets @ Deutsche Bank
8. Salil Donde – ex-EVP @ NASDAQ
9. Sunil Kalra – Angel Investor
10. Vellayan Subbiah – Managing Director @ Cholamandalam Finance
11. Victor J Menezes – Angel Investor
The three investors who had invested in our last angel investment round (last year) include:
1. Anand Chandrasekaran – Director, Messenger @ Facebook
2. Amit Chowdhary – Director @ Motilal Oswal PE
3. Sanjay Baweja – CFO @ Suzlon Energy
Saket Modi, CEO & Co-Founder, Lucideus, said, “As a company, we have been growing 700% y-o-y (average) in revenues while being cash flow positive for the last four years. We have got a set of marquee names of handpicked investors who have not only invested their money but also bring in their strategic and technical guidance that is playing a key role in our evolution.”
Govind Rajan, one of the angel investors, said, "Lucideus has shown a consistent top-line growth while continuing to innovate itself in the cybersecurity industry. At a time when both the government and the private sector are adapting digital, their cyber risk is increasing exponentially with linear addition to their technology stack. Considering all the groundwork done by Lucideus for the last five years, I feel they are well positioned to grab the market opportunity and emerge as clear market leaders."
According to a report by the research firm Markets&Markets the global market for cybersecurity will be worth US$202.36 billion by 2021, up from US$135 billion this year.
Saket Modi further highlights, “With an access to the office of the CTO, CIO and CISO of over a 100 customers across the globe, a year back we realized a pressing need that was not being answered by any of the existing cybersecurity products. To address the same, we will be launching a cyber risk management platform very soon. We believe it will disrupt the way the c-suite executives look at their cybersecurity posture today. The funding raised is largely being used for the research and development of this platform, followed by hiring the top talent in our industry.”
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