The investment round was led by Bessemer Venture Partners, a renowned venture capital firm. The funds will help Protectt.ai enhance its AI-driven security solutions, drive innovation, and expand its market reach to regions such as the US, Middle East, and APAC.
Protectt.ai is known for providing mobile security solutions that safeguard applications from cyber threats and fraud. Its platform also serves as a compliance hub for mobile app owners, ensuring alignment with security regulations from bodies like RBI, SEBI, and NPCI. The company currently secures over 300 million smartphones, processes 2 billion app sessions per month, and prevents 200 million cyber threats monthly.
Speaking about the funding, Manish Mimani, Founder & CEO of Protectt.ai, emphasized the growing risk of cyber threats. “With the rapid rise in mobile cyber threats, the need for advanced security solutions has never been greater. This investment will allow us to strengthen our technology, scale our operations, and expand into new geographies,” he said.
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The company has received multiple industry accolades, including:
✅ DSCI Innovation Box Winner 2023
✅ BW Security Cyber Security Company of the Year 2023
✅ Banking Frontiers Technoviti 2023
✅ Security Product Company of the Year 2023
Vishal Gupta, Partner at Bessemer Venture Partners, stated, “Cybersecurity is a key focus area for us, and Protectt.ai has demonstrated strong capabilities in tackling evolving cyber threats with AI-powered solutions. As mobile usage continues to grow, securing digital transactions has become a top priority for industries worldwide.”
With a 2000% revenue growth over the last three years, Protectt.ai is rapidly expanding its footprint in mobile security. The new funding will be used for product innovation, talent development, and global expansion, further cementing its position as a leader in mobile app security.
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