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HomeInsightFunding Alert Zyber 365 Secures $100 Mn From SRAM & MRAM Group

[Funding alert] Zyber 365 Secures $100 Mn From SRAM & MRAM Group

Zyber 365, a Web3 cybersecurity company, received $100 million from UK-based SRAM & MRAM Group. Zyber 365 intends to base its business in India.

The investment raised Zyber 365’s valuation to USD 1.2 billion, making it India’s first unicorn startup in 2023. ZYBER 365 is India’s 109th unicorn startup.

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“The influx of capital will play a pivotal role in fuelling the company’s expansion plans, enhancing its technological capabilities, and solidifying its global market presence,” it added.

Read also – [Funding alert] Kandle Secures $1.7 Million In Seed Funding Round

A variety of Web3 products, including Layer-0, Layer-1, and Layer-2 blockchains; decentralised personalities; data analysis; software development kits; web browsers; non-fungible token marketplaces; and initial coin offerings. These products can be used individually or in combination to create an independent application tailored to the needs of the user, as reported by The Economic Times.

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“With this infusion of capital, we are now well-equipped to accelerate our products development for Web3, AI Products. This investment will not only fuel our growth, but it will also solidify its foothold in the Web3 ecosystem with a diversified portfolio of used cases related to AI, cybersecurity,” Vaghela, who is Zyber 365’s cofounder and chief product officer, said.

“Zyber 365’s outstanding team and disruptive technology have already made them a trailblazer in the industry. We are confident that this investment will pave the way for exceptional growth and success in the years to come,” said Mahendra Joshi, director, SRAM & MRAM Group.

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About Zyber 365

Zyber 365 was founded by Pearl Kapur and Sunny Vaghela. They offer a strong, decentralized, and cyber-secured operating system that abides by the fundamentals of environmental sustainability. They have also created our solutions to enable interchain operability, giving users more flexibility, seamless integration, and data sharing. Our system securely uses a variety of cutting-edge technologies, including distributed ledger technology, quantum safe computing, cryptography, and consensus processes, to protect user data, transactions, and interactions.

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