Safe Security
| Private | |
| ISIN | 🆔 |
| Industry | Cyber Security |
| Founded 📆 | 2012 |
| Founder 👔 | Saket Modi, Vidit Baxi & Rahul Tyagi |
| Headquarters 🏙️ | California, |
Area served 🗺️ | Worldwide |
| Products 📟 | SAFE |
| Members | |
Number of employees | 200 |
| 🌐 Website | safe |
| 📇 Address | |
| 📞 telephone | |
Safe Security (formerly Lucideus) is a cybersecurity company headquartered in Palo Alto, California.[1][2]
History[edit]
Safe Security was incubated in IIT Bombay in 2012. While in his final year of engineering, Saket Modi started Safe Security along with Vidit Baxi and Rahul Tyagi.[when?][3][4]
The first customer of Safe Security was Tata Sky.[5] In 2013, Safe Security launched its enterprise Cyber-security services. The company's clients range across BFSI, manufacturing, consumer goods, consumer internet and other areas.[6][7]
In 2014, they moved into their first office premise in New Delhi, India.
After a Series A funding by John T. Chambers, the former executive chairman and CEO of Cisco Systems,[8] Safe Security expanded its operations to the USA.[when?] In 2019, they shifted their headquarters to Palo Alto, California and expanded their business across markets in Europe.[9]
SAFE[edit]
In 2017, the company launched SAFE, a program to help businesses and governments quantify, identify and mitigate their cyber risks in real-time.[10][11][12][13] The product earned two awards for the company. The SAFE platform has been integrated with various technology vendors, including Symantec, McAfee, Tanium, and IBM to provide real-time digital business risk quantification.[14]
SAFE is a cybersecurity product in the Cybersecurity and Digital Business Risk Quantification industry and enables an enterprise to measure and mitigate its cyber risk in real-time.[15] SAFE gives an output both in the form of a Breach Likelihood score (between 0-5)[15] and the Dollar Value Risk an enterprise faces, along prioritized actionable insights based on technical cybersecurity signals, external threat intelligence, and business context of what and where the "weakest links" across people, process and technology are.[2][16]
The scoring model has been built as joint research at MIT (Massachusetts Institute of Technology) that incorporates signals and feeds this data into a Bayesian Network of a Supervised Machine Learning scoring. The breach likelihood scores are calculated both at a macro and micro level and can also be measured for particular Lines of Business (LoB) / Crown Jewels / Departments. The SAFE scores enterprises to have a "common language" across teams to align them to a consistent risk metric.[2][16]
Work for the Indian Government[edit]
In 2016, Safe Security was responsible for the security assessment of the Bharat Interface for Money (BHIM) application, an Aadhaar-based mobile payment platform built by National Payments Corporation of India.[17] for which the company won an accolade at the national entrepreneurship awards organized by the Ministry of Skill Development and Entrepreneurship.[18][19][20][21]
Partnership[edit]
Safe Security has signed R&D agreements and conducts research on cyber security at Technion University[5] and MIT.[14] It has also partnered with the University of Delhi on a year-long postgraduate diploma course in cyber security.[22][5] In 2019, Safe Security signed a pact with Bombay Stock Exchange to provide a cybersecurity operations center (SOC).
Fund raising[edit]
In 2017, Safe Security raised its first angel investment round of $2 million with investors such as Sri Shivananda (CTO, PayPal), Rajan Anandan (Managing Director, Sequoia Capital), Victor Menzes (ex- Senior Vice chairman, Citibank), Vikas Agnihotri (Operating Partner, Softbank Group), Mickey Doshi (CEO, Credit Suisse, India), among others.[23][24]
In November 2018, Safe Security announced its Series A Funding of $5 million, led by John Chambers.[25][26][27]
In December 2019, Safe Security raised $7M in a fresh round of funding led by MS&AD ventures, the venture capital division of MS&AD Insurance Group Holdings.[28][29][30]
Awards and Honors[edit]
| Year | Name of Award/Honor | Awarding Organization |
|---|---|---|
| 2020 | Best CyberSecurity Startup[31] | Start Up India, Department for Promotion of Industry and Internal Trade, Government of India |
| 2018 | Innovation in Cyber Security[32] | Aegis Graham Bell Award |
| 2018 | Emerging Cyber Security Vendor of the Year | Frost & Sullivan |
| 2018 | India Emerging Twenty (IE20)[33] | London & Partners (Mayor of London) |
| 2018 | Most Innovative CyberSecurity Product of the Year[34] | NASSCOM & Data Security Council of India |
| 2018 | Tech Companies to Watch Out For[35] | BusinessWorld TechTors |
| 2017 | Best IT Startup of India[36] | National Entrepreneurship Awards, Government of India |
| 2017 | Industrial Innovation Award[37] | Confederation of Indian Industry (CII) |
References[edit]
- ↑ Sen, Abik (7 December 2020). "'We want to become the Netflix of cybersecurity'". www.fortuneindia.com. Retrieved 2020-12-21. Unknown parameter
|url-status=ignored (help) - ↑ 2.0 2.1 2.2 "Lucideus: Are your passwords, personal details available on the dark web? With SAFE Me, Lucideus wants to redefine digital security - The Economic Times". m.economictimes.com. Retrieved 2020-12-16.
- ↑ Jain, Aashika (24 February 2017). "This Entrepreneur is a Password to Security". Entrepreneur.
- ↑ Tyagi, Chhavi (20 December 2016). "When it comes to cyber security, even RBI banks on Lucideus Tech". The Economic Times.
- ↑ 5.0 5.1 5.2 Chaudhary, Deepti (26 October 2018). "Why John Chambers loves Saket Modi's Lucideus". Fortune India.
- ↑ "Lucideus raises $5 mn in funding led by John Chambers". The Economic Times. 30 October 2018.
- ↑ Suneja, Chitrakshi (13 July 2016). "Lucideus : Building and Delivering Information Security Platforms And Services". Businessworld.
- ↑ Choudhury, Karan (2018-10-30). "Cisco's John Chambers invests in Lucideus; eyes IoT space in India". Business Standard. Retrieved 2018-11-14.
- ↑ "Cyber Security Platform Lucideus Raises $5 Mn From John Chambers". Inc42 Media. 2018-10-30. Retrieved 2020-12-16.
- ↑ "Play Safe With Lucideus". NDTV. 12 May 2017.
- ↑ "Saket Modi: Hacking for the greater good". Forbes India. Retrieved 2019-11-19.
- ↑ "Lucideus Launches SAFE to Keep Customers Safe from Cyber Threats". Deccan Chronicle. 2017-05-10.
- ↑ "DSCI Excellence Awards 2017". Data Security Council of India.
- ↑ 14.0 14.1 "Lucideus launches SAFE platform to secure enterprises from cyber risks". The Economic Times. 10 May 2017.
- ↑ 15.0 15.1 "How safe are you online? Lucideus Tech's 'Safe Me' app will assess that risk for you". The Indian Express. 2020-12-03. Retrieved 2020-12-16.
- ↑ 16.0 16.1 "As Cyber Attacks Increase, Lucideus Launches SAFE Me To Provide Cyber Risk Score". Inc42 Media. 2020-12-02. Retrieved 2020-12-16.
- ↑ Tyagi, Chhavi (2016-12-20). "When it comes to cyber security, even RBI banks on Lucideus Tech". The Economic Times. Retrieved 2018-08-12.
- ↑ "BHIM App: All you need to know about functionality and app security". Digit. Retrieved 2018-08-12.
- ↑ Alawadhi, Neha (2017). "How Team Lucideus spent sleepless nights to make BHIM invincible". The Economic Times. Retrieved 2018-08-12.
- ↑ "PM Modi Launches BHIM, RuPay And SBI App In Singapore". The Quint. Retrieved 2018-08-12.
- ↑ PM Modi launches BHIM app for digital payments | The Economic Times Video, 2016-12-30, retrieved 2018-08-12
- ↑ "Delhi University launches PG diploma in cyber security and law". CISCO.in. 18 September 2018.
- ↑ Ghoshal, Anirban (11 May 2017). "Lucideus Tech secures funds from angel investors". Mint.
- ↑ Sarkhel, Aritra (9 May 2017). "Lucideus Tech raises funding from Rajan Anandan, Govind Rajan & others". The Economic Times.
- ↑ "Why John Chambers loves Saket Modi's Lucideus". Fortune India. Retrieved 2018-11-14.
- ↑ Singal, Aastha (2018-11-01). "Tale of a 15-Second Pitch That Left Ex-Cisco Chairman John Chambers Impressed". Entrepreneur. Retrieved 2018-11-14.
- ↑ Choudhury, Karan (2018-10-30). "Cisco's John Chambers invests in Lucideus; eyes IoT space in India". Business Standard. Retrieved 2018-11-14.
- ↑ Kar, Sanghamitra (4 December 2019). "Cybersecurity startup Lucideus raises $7 million". The Economic Times.
- ↑ "Lucideus raises $7 million in funding led by MS&AD Ventures, to hire 100 people in 3 months". Hindustan Times. 4 December 2019.
- ↑ Alawadhi, Neha. "Cybersecurity firm Lucideus raises $7 mn, valuation nearly doubles to $100 mn". Business Standard.
- ↑ "Security-National Startup Awards 2020". www.startupindia.gov.in. Retrieved 2020-12-12.
- ↑ "innovation in cyber security award". Unknown parameter
|url-status=ignored (help) - ↑ "India's best companies selected for Mayor of London's IE20 business programme". London and Partners News. Retrieved 2020-12-12.
- ↑ Michu, Sandhya (2018-01-29). "DSCI's Annual Cyber Security Summit urges privacy and data protection readiness". Express Computer. Retrieved 2020-12-21. Unknown parameter
|url-status=ignored (help) - ↑ "5 cybersecurity startups to look out for in 2020". BW Disrupt. Retrieved 2020-12-28.
- ↑ "Lucideus declared the best IT Startup by Ministry of Skill Development and Entrepreneurship". The Economic Times. Retrieved 2020-12-12.
- ↑ "Academic incubators giving rise to start-ups that are attracting notable investments, and commercializing products". dsci.in. Unknown parameter
|url-status=ignored (help)
External links[edit]
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