With 574% Y-O-Y growth InstaSafe Technologies becomes India’s fastest-growing cybersecurity startup
Bengaluru based cybersecurity solutions provider InstaSafe Technologies becomes India’s fastest growing cybertech startup, according to Deloitte India’s Tech Fast 50 India 2020 Awards.
The “Technology Fast 50” India 2020 programme ranks the fastest growing technology companies in India based on their percentage revenue growth over the past three financial years. Instasafe Technologies was ranked amongst the top 10 startups as it clocked a year-on-year revenue growth of 574%.
Commenting on the development, Sandip Kumar Panda, CEO of InstaSafe Technologies said, “With cybersecurity moving from the confines of security team discussions to conversations amongst CXOs in the boardroom, it is apparent that businesses are realising the indispensable nature of a robust cybersecurity posture. At the same time, give the incredible speed at which threat actors are evolving and innovating, a simplified, cloud ready security solution is the need of the hour. This is what InstaSafe has been trying to achieve – securing businesses and simplifying the challenge of access from anywhere with a hyperflexible, scale as you go solution. Our incredible growth story is testament to the fact that security, as a concept and a precaution, has started being taken seriously by CISOs. We hope to be able to continue to make the internet more safe and connected through a process of continuous innovation and improvement”.
An Underdog in the worldwide Cybersecurity market, InstaSafe has been quietly pioneering Zero Trust Security and Crowdsourced Security Solutions in India. Today, InstaSafe serves customers across 20+ Countries and organisations across verticals from Governments, enterprises and MSMEs to leading startups. InstaSafe has helped corporates across diverse domains in their quest to stay productive during the COVID crisis and also secured companies from cyberattacks during Covid and beyond.
The startup expanded its existing customer base multi-fold and a cloud traffic surge of 25x with users, adding more than 1,20,000 clients for business continuity, amidst the COVID crisis. and witnessed Y-O-Y revenue growth of 574% over the past three years. Some of the highlights of this surge in customers were the deployments locations across India, Singapore, Philippines, Romania, South Africa, Middle East, Western Europe, & United States.
Instasafe is also recognized as one of the 5 start-ups listed by the Ministry of Electronics & Information Technology(Meity) & Data Security Council of India(DSCI), Government of India for creating a secured work environment at home, and has been recommended by Gartner as a preferred solution for crafting a remote work strategy, along with Microsoft and Google Cloud.
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