In recent years, technology has assumed large, never-before-seen proportions and scale, with the capability to form the foremost advanced of tasks easy and seamless. However, despite all the advancements, cybersecurity continues to staya serious challenge for corporations. In August 2016, Cybersecurity Ventures, the leading investigator and publisher of reports covering international crime and cybersecurity, foretold that crime would price the planet $6 trillion annually by 2021, up from $3 trillion in 2016. With the rampant increase in cybercrimes, network security solutions became a vital would like for organisations. this can be wherever WeSecureApp, founded in July 2016, the cybersecurity startup is based out of Hyderabad, seeks to form a distinction, rising security posture for over a hundred international purchasers through constant innovation, commitment, and moral practices.
“We began the adventure with application security, and now we have climbed the worth chain by verifying systems, foundation, and cloud, as well,” says Venu Rao, Founder and CEO, WeSecureApp.
With the launch of their flagship product, Strobes, in July this year, the startup has remodeled from a solutions company to associate enterprise security product company, he adds. Strobes won the launch pad award at a shark-tank vogue competition at RSA Conference in Singapore this year WeSecureApp works with startups, together with Netmeds and Grofers, and enterprises, together with State bank of India mutual fund, Aditya Birla Capital, and DSP Investments.
“We work more like a partner than a vendor. We clearly understand our customer’s problems first, learn their goals, and then accordingly design a security road map of 12 to 24 months’ engagement,” says Venu.
The lead item, Strobes, is a security organization and defenselessness relationship stage. It associates with more than 50 defenselessness scanners and following and specialized instruments. Fueled by AI, Strobes investigations more than one million vulnerabilities from various feeds and distinguishes the provisos and indirect accesses that are being misused in a framework. Strobes is available on-premium and as a private SaaS solution. WeSecureApp charges between Rs 12 lakh and Rs 60 lakh per annum for this product, based on the size of the client company.
Most of WeSecureApp’s clients subscribe to their annual engagement programme. According to the founders, the company’s revenue has grown from Rs 50 lakh in FY17 to Rs 2.5 crore in FY19. As indicated by a MarketsAndMarkets report, the worldwide cybersecurity market size was esteemed at $137.63 billion out of 2017 and is anticipated to reach $248.26 billion by 2023, developing at a CAGR of 10.2 percent.
WeSecureApp is currently gearing up to showcase Strobes at the IT security conference RSA in the US in February 2020. The startup is also in talks with angel investors to raise seed funding of $500,000.