Cybersecurity startup WhizHack raised $3 million in Pre-Series A led by existing investors Vedswasti Holdings and SAA Capital at a valuation of $40 million.
WhizHack provides business enterprises and students with security solutions, develops security product intellectual property, and offers a variety of online security training. With the additional funding, the startup will be able to expand its offerings across new markets, such as those in North America, Asia Pacific, and the Middle East. Additionally, it will use the money to develop its “ZeroHack” platform. The country’s cybersecurity market was estimated by Research and Markets to be worth $2200 Mn in the fiscal year 2021. By FY27, the market is anticipated to reach $3,543 million, growing at an estimated CAGR of 8.05%. (FY23–FY27).
