Zeron – a firm specializing in cyber risk posture management has successfully secured $500,000 in seed funding from Varanium Capital, a fintech-focused fund, along with support from Yatra Angel Network. These funds will be allocated towards research and development efforts as well as the expansion of their global presence.
Zeron which is led by founder Sanket Sarkar offers advanced solutions for organizations seeking to bolster their cybersecurity defenses. Leveraging artificial intelligence (AI) the company empowers clients to make informed decisions, effectively addressing the challenges in the cybersecurity landscape. Some of their prominent clients include Affin Bank, NTUC, Aditya Birla Capital and Bank Open. Currently, Zeron operates in various countries including Indonesia, Canada, Singapore, the UK and the Philippines.
Notably earlier in the year, the startup secured funding from early-stage investors such as 100X.VC and angel investors like Anoop Mathur (AM Capital) and K.R.S. Jamwal (Tata Industries).
In the broader context of the fintech investment landscape, Varanium NexGen as the lead investor focuses on supporting fintech startups with early revenue streams. They have previously invested in fintech ventures like EaseBuzz, Riskcovry, GetVantage, Homeville, DataSutram and FinVu.
Additionally, it’s worth mentioning that in May, another cybersecurity startup named SquareX successfully raised $6 million in a seed funding round with Peak XV Partners taking the lead as the investor.
In a digital age where the threat of cyberattacks looms larger than ever companies like Zeron are at the forefront of defending organizations against potential breaches. With the infusion of $500,000 in seed funding from Varanium Capital and the Yatra Angel Network, Zeron is well equipped to advance its research and development initiatives and expand its reach globally. This investment not only signifies the trust placed in Zeron but also underscores the growing importance of cybersecurity in today’s interconnected world. As we witness the rise of innovative solutions and strategic investments in this sector, it’s clear that the quest for a secure cyberspace is a collective endeavor that holds immense promise for the future.