Bangalore-based Pantherun Technologies, the top company in data encryption, has achieved a milestone of raising $12 million in a successful Series A round. The capital injection is a critical milestone on the path towards the company and justifies its mission to achieve universal and easy-to-deploy strong encryption. Sahasrar Capital Investors and Lucky Investment Managers were the lead investors in the funding round, and various existing and new financial partners participated in large numbers. The next round saw the continuity of Capital 2B (Info Edge), 8X Ventures, and Real Time Angel Fund (GrowX), and the entry of Founders Collective Fund as a new investor.

Mission and expansion of Pantherun

In 2019, Srinivas Shekar (CEO and Co-Founder) and Tiffany Chan (COO) founded Pantherun Technologies. Pantherun is an encryption-based company that focuses on real-time encryption, offering disruptive solutions to protect data on any machine, and, therefore, malicious actors will find it remarkably more difficult to breach the data. The mission to make encryption accessible and affordable, and its commitment to its mission statement of Securing The World, puts the company squarely at the center of the cybersecurity market, ready to grow exponentially and influence the world.

The freshly obtained capital will be strategically invested in promoting the global and technological expansion goals of Pantherun. The company will expand globally, establishing dedicated sales and strategic partnerships in the major markets, such as North America, Europe, and some of the APAC markets. One of the fundamental aspects of this investment is committed to the development of the patented platform of the company.

A quarter of the overall proceeds is allocated towards Research and Development (R&D) to speed up product development to move towards an industrial-grade encryption platform customized to high-volume, low-latency applications. In addition, the capital will enable the company to introduce new offerings aimed at device-agnostic deployments in various settings, such as endpoints, edge, cloud, and Operational Technology (OT) settings.

This investment is timely in the cybersecurity environment, as the threats continue to grow and the enterprise environment is rapidly evolving. Market dynamics are enforcing an “encrypt by default” security posture upon enterprises, which is driven by the irresistible escalation of device proliferation, more rigorous data protection regulations across the globe, and long-lasting, expensive consequences of data breaches. The market growth rates indicate that the market is in the mid-teens range, requesting strong encryption solutions. 

The Co-founder and CEO of Pantherun Technologies, Srinivas Shekar, said, “Data has become the operating system of modern life. It sits on every device, travels across every network, and powers every decision. This funding is a pivotal step in our journey. We will expand globally, deepen our R&D, and bring new products to market that make strong encryption simple to deploy and consistent across devices.”

Quotation Source: Indianweb2  

Seamless and universal data protection

The main strength of Pantherun is its patented and real-time encryption stack and architecture, designed to be built to scale and perform fast. The platform is meant to ensure the protection of data is smooth and universal, ensuring the safety of data across devices in the networks and applications without impacting performance. One of the foundations of this technology is its Adaptive Keyless Encryption that uses AI-generated keys (128/192/256-bit) that are generated separately at the source and destination, and contain no keys between them.

To enable easy integration, the platform provides Seamless Deployment using inline agents, gateways, and FPGA/chip accelerators, encrypting data in movement and at rest without the need to modify the application. The architecture is built upon the Zero-Trust by Design principle, imposing fine-grained access control, mutual authentication, and least-privilege default. It offers Observability & Compliance to comply and monitor with native logs, metrics, and audit trails, which interoperate with SIEM and data operations to monitor coverage, anomalies, and drift.

Future-Ready Security is a future-proofing of the platform of the company that will enable advanced encryption standards that are essential to the future of computing. It also supports post-quantum encryption (384/512-bit), making data resistant to the potential threat of quantum computers. It also offers cutting-edge security measures around new applications, such as Machine Learning (ML), big data, and homomorphic encryption. It has Versatile Industry Applications and has secured important infrastructure like Ethernet and automotive networks, IoT devices, surveillance cameras, cloud and data centers, and SaaS systems. 

Jeevan Patwa of Sahasrar Capital Investors said, “Enterprises need encryption that keeps up with device growth and regulatory obligations without adding operational drag and Pantherun offers unique data encryption enabling edge devices to have zero latency secured communication at affordable cost. Pantherun’s architecture is built for scale and speed, and we are confident in the team’s ability to lead this category.”

Quotation Source: Indianweb2  

Conclusion

The successful $12 million Series A round of Pantherun Technologies is a clear mandate to its vision of developing a universally secure digital world. The Bangalore-based startup has been investing heavily in international growth, innovative product development, and key post-quantum R&D, which indicates its desire to be a leader in its category. With its patented real-time encryption technology that ensures high levels of device-independent security without causing performance degradation, Pantherun is directly dealing with the growing creation of threats in an ever-interconnected world.