India's PingSafe Raises $3.3M in Seed Funding Round led by Peak XV

PingSafe, a cloud security platform headquartered in India, has officially launched with a $3.3 million seed funding round led by Peak XV Partners, formerly known as Sequoia Capital India & Southeast Asia's Surge. The funding round also saw participation from prominent angel investors and Tanglin Ventures. PingSafe aims to bridge the gap between attackers' methods and existing security solutions. The company utilizes its graph database and Offensive Security Engine to detect toxic and exploitable vulnerabilities, providing clients with efficient decision-making tools.

Notably, PingSafe's revenues have grown significantly in the last year, and it has expanded its customer base across various geographies and industries, including well-known companies like Flipkart, Razorpay, Near Intelligence Inc., Skyflow, Belvilla, and Recko, a Stripe Company. With the cloud security market continuing to grow, PingSafe's innovative approach and exceptional customer support position it as a promising player in the industry.