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After having received backing from former Cognizant Vice-President Subinder Khurana, cyber security firm TAC Security has closed Pre-Series A funding from business investor Vijay Kedia.
Founded in 2013 by cybersecurity expert and ethical hacker Trishneet Arora, the company helps corporates identify weaknesses within their IT and network systems.
Khurana has joined the Board of TAC as a Non-Executive Director, and will guide the firm on business strategy, productised solutions and organisational development.
Kedia, a veteran investor in the stock market, is to join the company’s Board as a Non-Executive Independent Director, and will guide TAC in expanding its business globally.
With cyber crime posing to be a big threat to businesses, Kedia said the world is facing an arms race in terms of security.
Cyber crime“Half a million estimated attack attempts happen in the cyber space every minute. I believe the opportunities available in this space will possibly beat the estimations of $170 billion by 2020 and grow further,” Kedia said in a statement.
TAC is already working with Reliance Industries, Gujarat Police, Punjab Police, International Tractors Limited (Sonalika), Avon Cycles, and the Central Bureau of Investigation.
TAC Security plans to close its Series-A funding of $10 million within this financial year.
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