[Funding News] WhizHack Raises $3 Mn Funding Round

WhizHack, a cybersecurity startup, has secured $3 million (INR 25.1 crore) in its Pre-Series A funding round from its current investor, SAAA Capital.

WhizHack will utilize the new capital to accelerate its research and development efforts by forming partnerships with institutions in the United States and India.

The startup asserts that it has increased its business from both enterprise and government clients by more than 200% annually and shareholder value by more than 50X in the past three years.

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The startup raised the same amount from existing investors Vedswasti Holdings and SAA Capital approximately one and a half years ago. It raised $3 million in a Pre-Series A funding round in January 2023, at a valuation of $40 million.

WhizHack oversees three divisions: TRACE, Cyber Range, and ZeroHack. It provides security solutions, develops security product intellectual property, and provides a variety of online security instruction to students and business enterprises under these divisions. Kratikal, Hicube, and Skylark are among the competitors with which it competes in India.

Kallol Sil, founder, WhizHack, said: “The past year, we have had remarkable success in winning extremely strategic customers, from diverse segments like banking, manufacturing, FMCG, airports, power SOCs and state Governments against some of the most vaunted global players in cybersecurity,”

About WhizHack

Founded in 2020 by Kallol Sil, WhizHack is a product engineering and human capital development company currently working with top academic research institutions in India like IITs and NITs, and key research partners from Israel & Canada.

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