Astra Security, a cybersecurity startup based in Delhi, has raised $2.7 million in a growth funding round led by Emergent Ventures. The company intends to use this capital to expand into the US market and enhance its AI-driven security solutions, as stated by Co-Founder and CEO Shikhil Sharma.
Astra claims to have identified more than 5,500 vulnerabilities daily over the past year, helping customers prioritize the remediation of over 2 million vulnerabilities. Sharma anticipates that with the rapid growth of AI adoption, this figure could triple by year’s end.
Although Astra has no physical presence in the US, the company has managed to attract over 60% of its customer base from the Western market through inbound marketing efforts. With the new funding, Astra plans to build a sales team and strengthen its operational presence in the US to drive further growth.
“With AI coming in, everyone is talking about productivity—AI agents handling financials, sales enablement, customer relationship management. But threat actors and hackers are also becoming more productive and innovative,” Sharma explained. “They are building AI agents that hack 24/7. So, you need fire to fight fire. At Astra, we are essentially building this platform which mimics hacker behaviour to continuously find vulnerabilities in our customers’ websites, APIs, and cloud servers.”
Co-Founder and CEO Shikhil Sharma stated that, “We have scaled massively, but we have built the business in a sustainable way. And with AI coming in, we saw a massive opportunity that we could actually build a really, really large outcome out of our business, hundreds of millions in revenue, and that led us to actually raise this growth capital from Emergent Ventures.”
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Feb 11, 2025, 10:27 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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