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Cybersecurity and compliance startup Securiti.ai emerges from stealth with $31 million

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Geekz Snow
Cybersecurity and compliance startup Securiti.ai emerges from stealth with $31 million

Juniper Research pegs the number of digital records that will be stolen in 2023 at 33 billion, compared with the 12 billion stolen in 2018.

The costly threat of compromise has given rise to a market that’s projected to be worth $300 billion by 2024.

It today emerged from stealth with $31 million in funding contributed mostly by Mayfield and its managing director Navin Chaddha, with participation from General Catalyst and its managing director Steve Herrod.

“[There are] a dozen state-level privacy regulations in the works, and we look forward to scaling our team and expanding our product capabilities to ensure businesses stay prepared as new regulations go into effect,” said president and CEO Rehan Jalil, who founded Securiti.ai in 2018 with a team hailing from Symantec, Blue Coat, Elastica, and Cisco.

Jalil previously headed Symantec’s cloud security division after his company Blue Coat was acquired for $4.7 billion following a merger with his previous startup, Elastica.

During his tenure, it became Symantec’s fastest-growing team, with triple-digit growth over seven quarters.

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