Lucideus

Lucideus was incubated in IIT Bombay in 2012. While in his final year of engineering, Saket started Lucideus at the incubator of IIT Bombay, along with Vidit Baxi and Rahul Tyagi.[5][6]

The first customer of Lucideus was Tata Sky.[3] In 2013, Lucideus launched its enterprise cyber-security services. The company's clients range across BFSI, manufacturing, consumer goods, consumer internet and other areas.[7][8]

In 2014, they moved into their first office premise in New Delhi, India. The company launched SAFE in 2017 which helps businesses and governments quantify, identify and mitigate their cyber risks in real-time.[9][10][11][12] The product earned two awards for the company.

The SAFE platform has been integrated with various technology vendors, including Symantec, McAfee, Tanium, and IBM to provide real-time digital business risk quantification.[13]

After a Series A funding by John T. Chambers, the former executive chairman and CEO of Cisco Systems,[14] Lucideus expanded its operations to the USA. In 2019, they shifted their headquarters to Palo Alto, California and expanded their business across markets in Europe.[15]

The company's clients range across BFSI, manufacturing, consumer goods, consumer internet and other areas.[16][17]

SAFE is a cybersecurity product in the Cybersecurity and Digital Business Risk Quantification industry and enables an enterprise to measure and mitigate its cyber risk in real-time.[18] SAFE gives an output both in the form of a Breach Likelihood score (between 0-5)[18] and the Dollar Value Risk an enterprise faces, along prioritized actionable insights based on technical cybersecurity signals, external threat intelligence, and business context of what and where the "weakest links" across people, process and technology are.[2][19]

The scoring model has been built as joint research at MIT (Massachusetts Institute of Technology) that incorporates signals and feeds this data into a Bayesian Network of a Supervised Machine Learning scoring. The breach likelihood scores are calculated both at a macro and micro level and can also be measured for particular Lines of Business (LoB) / Crown Jewels / Departments. The SAFE scores enterprises to have a "common language" across teams to align them to a consistent risk metric.[2][19]

In 2016, Lucideus was responsible for the security assessment of the Bharat Interface for Money (BHIM) application, an Aadhaar-based mobile payment platform built by National Payments Corporation of India.[20] for which the company won an accolade at the national entrepreneurship awards organised by the Ministry of Skill Development and Entrepreneurship.[21][22][23][24]

Lucideus has signed R&D agreements and conducts research on cyber security at Technion University[3] and MIT.[13] It has also partnered with the University of Delhi on a year-long postgraduate diploma course in cyber security.[25][3] In 2019, Lucideus signed a pact with Bombay Stock Exchange to provide a cybersecurity operations centre (SOC).

In 2017, Lucideus raised its first angel investment round of $2 million with investors such as Sri Shivananda (CTO, PayPal), Rajan Anandan (Managing Director, Sequoia Capital), Victor Menzes (ex- Senior Vice chairman, Citibank), Vikas Agnihotri (Operating Partner, Softbank Group), Mickey Doshi (CEO, Credit Suisse, India), among others.[26][27]

In November 2018, Lucideus announced its Series A Funding of $5 million, led by John Chambers.[28][29][30]

In December 2019, Lucideus raised $7M in a fresh round of funding led by MS&AD ventures, the venture capital division of MS&AD Insurance Group Holdings.[31][32][33]

• Official website
• Lucideus LinkedIn Page