WhizHack, a business in the cybersecurity sector, raised $3 million in Pre-Series A funding from current investors Vedswasti Holdings and SAA Capital at a $40 million value.
WhizHack develops security product intellectual property, delivers a variety of online security training, and offers business organisations and students security solutions. The firm will be able to broaden its product offerings across new markets, including those in North America, Asia Pacific, and the Middle East, with the help of the additional capital. It will also use the funds to advance its “ZeroHack” platform. According to Research and Markets, the country’s cybersecurity market would be worth $2200 Mn in the fiscal year 2021. The market is predicted to develop at an estimated CAGR of 8.05% to reach $3,543 million by FY27. (FY23–FY27).