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SaaS Platform FireCompass Raises $7 Million From Cervin

Prior to this, FireCompass raised $1.89 million in a seed funding round, led by Bharat Innovation Fund and Sansar Capital in 2020

SaaS Platform FireCompass Raises $7 Million From Cervin

Outlook Start-Up Desk

POSTED ON February 07, 2023 1:42 PM

The United States (US)-based cybersecurity start-up company FireCompass has raised $7 million in an early-stage funding round led by Cervin, a company based out of Palo Alto. 

Apart from Cervin, Bengaluru-headquartered Athera Venture Partners and Bharat Innovation Fund (BIF) also joined the investment round. 

Bikash Barai, the co-founder and chief executive officer (CEO) of FireCompass, said that the company would utilise the funds to develop its existing products. Additionally, it will spend money to expand its services across India, the United States and the Middle East and Europe. 

Prior to this, the tech start-up raised $1.89 million in a seed funding round led by Bharat Innovation Fund and Sansar Capital in 2020. 

“At FireCompass, our vision is to make continuous automated red teaming (CART) available to all so that organisations can continuously discover and test all their assets at all times – just like the real attackers,” Barai said. 

Addressing the investment, Preetish Nijhawan, managing director (MD) of Cervin, said, "FireCompass' automated red teaming and attack surface discovery capabilities provide visibility into risks." 

Founded in 2019 by Barai, Nilanjan De and Priyanka Aash, the company is known for assessing web securities for enterprises. Its SaaS technology helps companies from data breaching. It claims to generate 60 per cent of its revenue from the US market.

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