Bengaluru-based cybersecurity firm Pantherun Technologies has secured $12 million in a Series A funding round to accelerate its international expansion, strengthen research and development, and launch new encryption products.
The round was led by Sahasrar Capital Investors and Lucky Investment Managers, with participation from existing investors Capital 2B (Info Edge), 8X Ventures, and Real Time Angel Fund (GrowX), along with new investor Founders Collective Fund.
Pantherun plans to use the funding to scale its operations in North America, Europe, and select Asia-Pacific markets. About a quarter of the funds will be allocated to R&D to advance the company’s patented, industrial-grade encryption technology designed for high-volume and low-latency environments.
The firm also intends to roll out new solutions that can be deployed across devices, edge systems, cloud platforms, and operational technology networks.
“Enterprises need encryption that keeps up with device growth and regulatory obligations without adding operational drag, and Pantherun offers unique data encryption enabling edge devices to have zero-latency secured communication at an affordable cost,” noted Jeevan Patwa of Sahasrar Capital Investors.
The funding comes amid a global rise in data breaches, ransomware attacks, and tightening data protection regulations. The number of connected devices worldwide is expected to approach 20 billion this year, driving demand for more efficient security solutions.
Pantherun’s encryption system uses artificial intelligence to create its own keys, removing the need to share them between devices. It includes built-in security checks that limit access only to authorised users and provides tools to monitor and meet compliance requirements.
The technology also claims to support next-generation encryption designed to withstand quantum computing threats and protect data across a wide range of environments, including connected devices, vehicles, cameras, data centres, and cloud-based software platforms.
Pantherun was founded in 2019 by Srinivas Shekar and Tiffany Chan. The company had earlier raised $7.55 million from investors, including Capital2B, SIDBI Venture Capital, Piper Serica, ThinKuvate, GrowX Ventures, and Sanjay Katkar.
