Web3 Cybersecurity Startup Zyber 365 Raises $100 Million In Funding From Sram & Mram Group
Amount Raised
$100 Million
LondonDescription
Web3 cybersecurity startup Zyber 365 said on Tuesday that it has raised $100 million at a $1.2 billion valuation from UK-based SRAM & MRAM Group.The company, founded in May this year, is headquartered in London with an operational base in India. Zyber 365 plans to make India the hub of its operations, it said in a statement.“The influx of capital will play a pivotal role in fuelling the company's expansion plans, enhancing its technological capabilities, and solidifying its global market presence,” it added.SRAM & MRAM Group had also invested in blockchain startup 5ire in July last year. It had pumped in $100 million in the startup at a valuation of $1.5 billion. Founded by Pearl Kapur and ethical hacker Sunny Vaghela, Zyber 365 offers a decentralised and cyber-secured operating system, which adheres to the fundamental principles of environmental sustainability