Company:Lucideus

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Lucideus
TypePrivate
IndustryCyber Security
Founded2012 (2012)
FounderSaket Modi, Vidit Baxi & Rahul Tyagi
HeadquartersNew Delhi,
India
Area served
Worldwide
ProductsSAFE
Number of employees
200
Websitelucideus.com

Lucideus is an international enterprise cybersecurity company. The name Lucideus is derived from Lucifer (Satan) and Deus (God), as they are in the business of hacking for good.[1][2]

History

In 2012, Saket Modi,[3] along with co-founders Vidit Baxi and Rahul Tyagi, started Lucideus as a cybersecurity training venture.[4][5]

In 2013, Lucideus launched its enterprise cyber-security services. The company's clients range across BFSI, manufacturing, consumer goods, consumer internet and other areas.[6][7][8]

In 2017, Lucideus launched a cyber risk quantification (CRQ) tool called SAFE (Security Assessment Framework for Enterprises), which helps businesses and governments measure and reduce their cyber risks in real time.[9][10][11].[11][10][12][13] The product earned two awards for the company.

The SAFE platform has been integrated with various technology vendors, including Symantec, McAfee, Tanium, and IBM to provide real-time cyber risk assessment.[14]

Work for the Indian Government

In 2016, Lucideus was responsible for the security assessment of the Bharat Interface for Money (BHIM) application, an Aadhaar-based mobile payment platform built by National Payments Corporation of India.[15] for which the company won an accolade at the national entrepreneurship awards organised by the Ministry of Skill Development and Entrepreneurship.[16][17][18][19]

Partnership

Lucideus has signed R&D agreements and conducts research on cyber security at Technion University[1] and MIT.[14] It has also worked with the University of Delhi on a year-long postgraduate diploma course in cyber security.[20][1] In 2019, Lucideus signed a pact with Bombay Stock Exchange to provide a cybersecurity operations centre (SOC).

Fund raising

In 2017, Lucideus raised an undisclosed amount of funding from angel investors, including Amit Ranjan, Anurag Goel, Rajan Anandan, and others.[21][22]

In November 2018, Lucideus announced its Series A Funding of $5 million, led by John Chambers.[23][24][25]

In December 2019, Lucideus raised $7M in a fresh round of funding led by MS&AD ventures, the venture capital division of MS&AD Insurance Group Holdings.[26][27][28]

References

  1. ↑ 1.0 1.1 1.2 Chaudhary, Deepti (26 October 2018). "Why John Chambers loves Saket Modi’s Lucideus". Fortune India. https://www.fortuneindia.com/technology/breaking-the-cyber-web/102624. 
  2. ↑ "Lucideus Tech: Hacking for the Right Reasons". Silicon India. https://special.siliconindia.com/vendor/50-cool-startups-of-the-year-2014-lucideustech-cid-743.html. 
  3. ↑ Hedgecock, Sarah (18 October 2016). "Cybersecurity Expert Saket Modi Will Make You Afraid To Own A Smartphone". Forbes. https://www.forbes.com/sites/sarahhedgecock/2016/10/18/cybersecurity-expert-saket-modi-will-make-you-afraid-to-own-a-smartphone/#531599987299. 
  4. ↑ Jain, Aashika (24 February 2017). "This Entrepreneur is a Password to Security". Entrepreneur. https://www.entrepreneur.com/article/289708. 
  5. ↑ Tyagi, Chhavi (20 December 2016). "When it comes to cyber security, even RBI banks on Lucideus Tech". The Economic Times. https://economictimes.indiatimes.com/when-it-comes-to-cyber-security-even-rbi-banks-on-lucideus-tech/articleshow/55743733.cms. 
  6. ↑ "Lucideus raises $5 mn in funding led by John Chambers". The Economic Times. 30 October 2018. https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/lucideus-raises-5-mn-in-funding-led-by-john-chambers/articleshow/66416049.cms?from=mdr. 
  7. ↑ "Lucideus raises $5 mn in funding led by John Chambers". The Economic Times. 30 October 2018. https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/lucideus-raises-5-mn-in-funding-led-by-john-chambers/articleshow/66416049.cms?from=mdr. 
  8. ↑ Suneja, Chitrakshi (13 July 2016). "Lucideus : Building and Delivering Information Security Platforms And Services". Businessworld. http://bwdisrupt.businessworld.in/article/Lucideus-Building-and-Delivering-Information-Security-Platforms-And-Services/13-07-2016-100373/. 
  9. ↑ "Play Safe With Lucideus". NDTV. 12 May 2017. https://gadgets.ndtv.com/videos/play-safe-with-lucideus-457193. 
  10. ↑ 10.0 10.1 "Saket Modi: Hacking for the greater good" (in en-US). http://www.forbesindia.com/article/innovation-nation/saket-modi-hacking-for-the-greater-good/50031/1. 
  11. ↑ 11.0 11.1 "Lucideus Launches SAFE to Keep Customers Safe from Cyber Threats" (in en). Deccan Chronicle. 2017-05-10. https://www.deccanchronicle.com/technology/in-other-news/100517/lucideus-launches-safe-to-keep-customers-safe-from-cyber-threats.html. 
  12. ↑ "DSCI Excellence Awards 2017". Data Security Council of India. https://www.dsci.in/content/dsci-excellence-awards-2017. 
  13. ↑ "Meet the 9 cyber security startups that showcased their innovative product ideas at AISS". Dailyhunt. 28 December 2017. https://m.dailyhunt.in/news/nepal/english/yourstory-epaper-yourstory/meet+the+9+cyber+security+startups+that+showcased+their+innovative+product+ideas+at+aiss-newsid-78848340. 
  14. ↑ 14.0 14.1 "Lucideus launches SAFE platform to secure enterprises from cyber risks". The Economic Times. 10 May 2017. https://tech.economictimes.indiatimes.com/news/technology/lucideus-safe-platform-to-secure-enterprises-from-cyber-risks/58607992. 
  15. ↑ Tyagi, Chhavi (2016-12-20). "When it comes to cyber security, even RBI banks on Lucideus Tech". The Economic Times. https://economictimes.indiatimes.com/when-it-comes-to-cyber-security-even-rbi-banks-on-lucideus-tech/articleshow/55743733.cms. 
  16. ↑ "BHIM App: All you need to know about functionality and app security" (in en). Digit. https://www.digit.in/apps/bhim-app-all-you-need-to-know-about-functionality-and-app-security-33151.html. 
  17. ↑ Alawadhi, Neha (2017). "How Team Lucideus spent sleepless nights to make BHIM invincible". The Economic Times. https://economictimes.indiatimes.com/tech/ites/how-team-lucideus-spent-sleepless-nights-to-make-bhim-invincible/articleshow/56301455.cms. 
  18. ↑ "PM Modi Launches BHIM, RuPay And SBI App In Singapore" (in en). The Quint. https://www.thequint.com/news/india/pm-narendra-modi-singapore-visits-startup-exhibition-to-boost-tech-and-ai. 
  19. ↑ PM Modi launches BHIM app for digital payments | The Economic Times Video, 2016-12-30, https://economictimes.indiatimes.com/et-now/daily/pm-modi-launches-bhim-app-for-digital-payments/videoshow/56255512.cms, retrieved 2018-08-12 
  20. ↑ "Delhi University launches PG diploma in cyber security and law". CISCO.in. 18 September 2018. https://ciso.economictimes.indiatimes.com/news/delhi-university-launches-pg-diploma-in-cyber-security-and-law/65855608. 
  21. ↑ Ghoshal, Anirban (11 May 2017). "Lucideus Tech secures funds from angel investors". Mint. https://www.livemint.com/Companies/kUdYziPD8Vqn8fyzBky1lL/Lucideus-Tech-secures-funds-from-angel-investors.html. 
  22. ↑ Sarkhel, Aritra (9 May 2017). "Lucideus Tech raises funding from Rajan Anandan, Govind Rajan & others". The Economic Times. https://tech.economictimes.indiatimes.com/news/startups/lucideus-tech-raises-funding-from-rajan-anandan-govind-rajan-others/58588357. 
  23. ↑ "Why John Chambers loves Saket Modi’s Lucideus" (in en). Fortune India. https://www.fortuneindia.com/technology/breaking-the-cyber-web/102624. 
  24. ↑ Singal, Aastha (2018-11-01). "Tale of a 15-Second Pitch That Left Ex-Cisco Chairman John Chambers Impressed" (in en). Entrepreneur. https://www.entrepreneur.com/article/322670. 
  25. ↑ Choudhury, Karan (2018-10-30). "Cisco's John Chambers invests in Lucideus; eyes IoT space in India". Business Standard. https://www.business-standard.com/article/companies/cisco-s-john-chambers-invests-in-lucideus-eyes-iot-space-in-india-118102901330_1.html. 
  26. ↑ Kar, Sanghamitra (4 December 2019). "Cybersecurity startup Lucideus raises $7 million". The Economic Times. https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/cybersecurity-startup-lucideus-raises-7-million/articleshow/72358861.cms. 
  27. ↑ "Lucideus raises $7 million in funding led by MS&AD Ventures, to hire 100 people in 3 months". Hindustan Times. 4 December 2019. https://www.hindustantimes.com/tech/lucideus-raises-7-million-in-funding-led-by-ms-ad-ventures-to-hire-100-people-in-3-months/story-HQJdQu9n0hOjwIXtzxwWDN.html. 
  28. ↑ Alawadhi, Neha. "Cybersecurity firm Lucideus raises $7 mn, valuation nearly doubles to $100 mn". Business Standard. https://www.business-standard.com/article/companies/cybersecurity-firm-lucideus-raises-7-mn-doubles-valuation-to-100-mn-119120301349_1.html. 

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