After the acquisition, PingSafe is ready to mint a brand new crop of greenback millionaires.The deal is anticipated to shut within the first quarter of FY25. Final 12 months, it raised $3.3 million in seed funding led by Peak XV Companions.
PingSafe was based by Anand Prakash and Nishant Mittal in 2020. PingSafe offers a centralised dashboard with real-time proof of exploitability by sending innocent payloads to hack clients’ infrastructure to find these vulnerabilities instantly. PingSafe’s platform bridges the hole between attackers’ modus operandi and safety options out there by aggregating intelligence through cloud APIs and logs.
Prakash deliberate to boost round $20 million to develop the startup’s footprint within the US and commenced conversations with a number of buyers together with SentinelOne. “I by no means thought I’d promote. SentinelOne’s AI safety platform is a gamechanger in cloud safety that protects enterprises throughout endpoints, identities, and clouds. It has almost 12,000 clients and we might have taken three years to get there. It is also concerning the scale,” he informed TOI.
The 30 year-old hails from an agricultural household from Bain village in Churu district of Rajasthan. He’s the primary engineering graduate from his household and he did not have a pc until he went to Kota for his IIT-JEE teaching.
“I used to go to a close-by cyber centre and paid Rs 10 per hour to browse the web,” he informed TOI. Prakash was making ready for his IIT-JEE on the Resonance Eduventures in Kota in 2008-09 and his buddy threw a problem at him to hack his Orkut account. Despite the fact that he had no prior technical information, he discovered a 10-step hacking tutorial on Google on easy methods to hack an Orkut account. His hack mirrored his buddy’s Orkut homepage that prompted a set off to enter his credentials. That’s when Prakash turned excited by understanding a hacker’s mindset.
