Cybersecurity startup Treacle raises Rs 4Cr in a pre-Seed round

Treacle, a cybersecurity startup, has raised Rs 4 crore in a pre-seed funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm. 

The startup plans to use the raised capital to enhance technical and business development, marketing and office expenses, partnerships, and expansion in the Indian market.

Who are the founders?

Treacle was founded in 2021 by Subhasis Mukhopadhyay (CEO), Subhajit Manna (CTO), and Partha Das (COO).

Subhasis spearheads innovation, with 8 years in Defensive Cyber Security and renowned research acumen. Subhajit has a B.Tech in ECE and 7 years of experience in OT systems security and DevOps.

Partha, who holds a BCA degree and is certified as an Ethical Hacker, leverages over 11 years of IT and cybersecurity experience to drive operational efficiency and product development. Together, their diverse skill sets fuel Treacle's mission to pioneer cybersecurity solutions.

Specializing in defensive security

Treacle specializes in defensive security. It was incubated from the IHub program at FIRST, IIT Kanpur.

The startup has developed an AI-based deception tech solution that helps identify attackers at an early stage and increases the overall efficiency of the Security Operations Centre (SoC).

Subhasis Mukhopadhyay, Co-Founder & CEO, said, “Our mission centres on safeguarding network infrastructures through early detection, containment, and deception of threats. We're committed to delivering unparalleled value in the market, ensuring our clients have access to premium security solutions in an affordable manner. Our goal is to establish ourselves as a market leader and create sufficient value to make the cyber world a safer place within the next five to six years.”

Serving both private and government sectors

Treacle said that its cutting-edge AI-based deception technology forms the backbone of its defensive cyber security solutions, which provide advanced protection by analyzing attacker behaviour, diverting them into mirage networks, and issuing early warnings to SOC analysts. 

Additionally, the implementation of an AI-Based Early Warning System enhances its capability to identify threats swiftly and proactively.

These USPs enable Treacle to offer unparalleled protection, empowering organizations to stay ahead of evolving cyber threats. It serves both private and government sectors with cutting-edge solutions developed through rigorous research.

What did investors say about Treacle?

Vikram Ramasubramanian, Partner, Inflection Point Ventures, said, “Treacle's core strengths lie in our AI-Based Deception Technology, a cornerstone of our Defensive Cyber Security solutions. By analyzing attacker behaviour and diverting them into simulated networks, Treacle provides advanced protection. Additionally, the AI-Based Early Warning System enhances the ability to identify threats swiftly and proactively, issuing early alerts to SOC analysts.”

The global cybersecurity market is projected to reach $424.97 billion by 2030, with a compound annual growth rate (CAGR) of 13.8%.

In the SAM, revenue is expected to reach US$2.53 billion by 2023, with Cyber Solutions dominating at US$1.26 billion. Additionally, the TAM for cybersecurity is forecasted to hit US$166.20 billion by 2023.