Protectt.ai Secures Funding for Enhanced Mobile App Security Solutions

Protectt.ai, a prominent platform focusing on mobile app cybersecurity and fraud prevention, has successfully raised Rs 76 crore (approximately $8.7 million) in its Series A funding round, which was led by Bessemer Venture Partners. The funding will be directed towards improving the AI-driven solutions within its mobile app security platform, fostering product innovation, developing new AI security solutions, and facilitating its global expansion efforts across the US, Middle East, and APAC regions.

Established by Manish Mimani and Mohanraj Selvaraj, Protectt.ai provides a comprehensive range of mobile app security solutions intended to protect applications against new cyber threats and fraudulent activities. The platform also acts as a compliance hub, assisting mobile app owners in meeting regulations from various regulatory bodies, including the RBI, SEBI, NPCI, and others.

Advanced Cybersecurity Features of Protectt.ai

The Protectt.ai mobile app XDR Platform delivers sophisticated protection against the continuously changing landscape of cyber threats, fraud, and malicious attacks, thereby ensuring the security of mobile enterprises and users globally.

Extensive Reach and Impact

Protectt.ai proudly reports that it has secured over 300 million smartphones, monitoring roughly 2 billion mobile app sessions each month while successfully blocking 200 million cyber threats and fraudulent events every month. This substantial impact underscores the platform’s effectiveness and commitment to enhancing mobile app security.

Furthermore, Protectt.ai operates as a compliance hub, ensuring that mobile applications adhere to the regulatory standards established by prominent authorities such as the Reserve Bank of India, the Securities and Exchange Board of India, and the National Payments Corporation of India.