AI cyber threats are rising. But why are Indian startups looking overseas?
New Delhi, Aug. 23 -- Mumbai,
New Delhi :
India's cybersecurity startups are watching a perfect storm brew as AI-powered attacks grow more sophisticated and companies scramble to comply with the Digital Personal Data Protection Act (DPDP Act).
The conditions appear ripe for a breakout. Yet for many startups, India is proving to be only the starting point, as they look to the US, West Asia and Europe for revenue, and, in some cases, enterprise customers whose logos can help them win business back home.
"Cybersecurity, enterprise security, enterprise data management, tech founders get to $1-3 million kind of annual recurring revenue (ARR) in India, and then they quickly start building rails overseas," said Ajay Modi, partner and foundin...
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