About 56 Secure
56 Secure is an Industrial Goods & Manufacturing company based in Bengaluru (India) founded in 2020 by Troels Birnbaum Licht and Sacheth Kadam. It operates in the Industrial Goods & Manufacturing and Technology sectors. 56 Secure has raised $12.21 million across 5 funding rounds from investors including Angel List, Wellfound and Nexus Venture Partners. The company has 149 employees. 56 Secure was last valued at $45.29 million in December 2022. Its Indian entity 56 Ai Technologies Private Limited reported revenue of ₹7.08 Cr. Its focus areas include High Tech, Security & Surveillance Technology, CSIM and Smart Cities.
Company details
Provider of integrated security solutions for homes, businesses, and events. This includes AI-powered camera systems, access control, and a network of security agents offering real-time monitoring and rapid response to incidents. Services encompass property protection, personal safety features like SOS alerts and location sharing, and customized task management for various security needs. The platform offers complete control over security setups, allowing users to manage their systems and receive comprehensive updates on their propertys security status. Professional monitoring ensures continuous surveillance and swift intervention in case of emergencies.
- Headquarters Bengaluru, India
- Employees 149
- Founders Troels Birnbaum Licht, Sacheth Kadam
- Stage Minicorn
- SectorsIndustrial Goods & ManufacturingTechnology
- Email••••••••
- Website 56secure.com
- Social LinkedIn X Facebook YouTube
- Legal Name 56 Ai Technologies Private Limited
- Date of Incorporation 27 May, 2020
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹7.08 Cr
FY 2024 · +89% YoY
- Net Loss-₹25.00 Cr
FY 2024 · -353% margin
- EBITDA-₹22.53 Cr
FY 2024 · -318% margin
- Total Equity Funding$12.21M (USD)
in 5 rounds
- Latest Funding Round$317.9K (USD), Series A
Dec 2022
- InvestorsAngel List
& 30 more
- Employee Count149
Associated legal entities of 56 Secure
56 Secure operates through 56 Ai Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| 56 Ai Technologies Private Limited CIN U74999KA2020PTC134356 | Active | 27 May 2020 | Bangalore, Karnataka | ₹7.1 Cr | 149 | 2 | View details |
Funding Insights of 56 Secure
56 Secure has successfully raised a total of $12.21M across 5 strategic funding rounds. The most recent funding activity was a Series A round of $317.9 thousand completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $12.21M
- Total Rounds 5
- Last Round Series A — $317,897
- First Round $2.1M
(Jan 2021)
- Investors Count 31
All 5 funding rounds of 56 Secure with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2022 | $317,897 | Series A | $45.29M | – | – |
| Sep 2022 | $613,359 | Series A | $46.75M | – | – |
| Apr 2022 | $8.4M | Series A | $••••• | RTP Global | |
| May 2021 | $778,403 | Seed | $••••• | – | |
| Jan 2021 | $2.1M | Seed | $••••• | Nexus Venture Partners |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2022 | $45.29M | •••••••• |
| Sep 2022 | $46.75M | •••••••• |
| Apr 2022 | $••••• | •••••••• |
| May 2021 | $••••• | •••••••• |
| Jan 2021 | $••••• | •••••••• |
Full valuation and stage history of 56 Secure
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $45.29M (Dec 2022). 31 investors in total: 15 institutional and 16 angel.
Investors in 56 Secure
56 Secure has secured backing from 31 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Wellfound and Nexus Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm that partners with entrepreneurs for product-first companies. | 2006 | nexusvp.com | Menlo Park, United States | |
Venture capital firm focused on early-stage technology companies | 2011 | rtp.vc | New York, United States | |
Venture capital investments are directed toward automobiles and diverse sectors. | San Francisco, United States | |||
Venture capital funding is provided to innovative startups in India. | Mumbai, India | |||
Early-stage venture capital investing, network building, and founder support services. | villageglobal.vc | |||
Venture capital fund investing in SaaS, B2B, and fintech sectors | sparrowvc.com | Bengaluru, India | ||
Multiple sectors are targeted for investments by Breadlake Ventures. | Bengaluru, India | |||
Venture capital investments are directed toward tech startups. | Vaerlose, Denmark | |||
Tech startups are invested in by the venture capital fund. | Seattle, United States | |||
Investments are made in early-stage companies by Titan Capital. | titancapital.vc | Gurugram, India |
Investor details for 56 Secure
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of 56 Ai Technologies Private Limited (56 Secure)
56 Ai Technologies Private Limited is the primary company behind 56 Secure. The board of 56 Ai Technologies Private Limited currently have 2 directors; the longest-serving is Harshit Sharma, appointed in 2020. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Harshit Sharma DIN 08747873 | Director | 27 May 2020 | 6 yrs 5 mo | 56 Ai Technologies Private Limited |
| Sacheth Kadam DIN 03580443 | Director | 16 Oct 2020 | 6 yrs | 56 Ai Technologies Private Limited |
People of 56 Secure
2 people are tracked at 56 Secure (2 in leadership); the tracked headcount is 149.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for 56 Secure
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Financials of 56 Secure
Figures of 56 Ai Technologies Private Limited, the primary company behind 56 Secure, for FY 2024. Revenue was ₹7.08 Cr (+89% year on year). Net loss was -₹25.00 Cr (-353% margin). EBITDA was -₹22.53 Cr (-318% margin). Revenue has grown at a compounded annual rate of +518% over three years.
- ₹7.08 CrRevenue · FY 2024 · +89% YoY
- -₹25.00 CrNet loss · -353% margin
- -₹22.53 CrEBITDA · -318% margin
- ₹3.2 LakhPaid-up capital
- 149Employees (provident fund records)
- +518%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of 56 Ai Technologies Private Limited are on its company page.
Detailed financial statements for 56 Secure
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of 56 Secure
4 dated milestones of 56 Secure across 2 years, from founding to its latest funding, stage changes and deals.
- Founded 56 Secure is founded.
- Funding First funding round of $2.1M.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $318K.
Web traffic of 56 Secure
The website of 56 Secure (56secure.com) receives about 7.4K visits a month.
- Monthly visits7.4K
▲ 1836.3% vs previous month
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Frequently Asked Questions about 56 Secure
56 Secure was founded in 2020 and raised its 1st funding round 1 year after it was founded.
56 Secure is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
56 Secure is a funded company, having raised a total of $12.21M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2.1M, raised on Jan 2021.
56 Secure has 149 employees.
The primary company behind 56 Secure, 56 Ai Technologies Private Limited, reported revenue of ₹7.08 Cr for FY 2024, up 89% year on year.
Provider of integrated security solutions for homes, businesses, and events. This includes AI-powered camera systems, access control, and a network of security agents offering real-time monitoring and rapid response to incidents. Services encompass property protection, personal safety features like SOS alerts and location sharing, and customized task management for various security needs. The platform offers complete control over security setups, allowing users to manage their systems and receive comprehensive updates on their propertys security status. Professional monitoring ensures continuous surveillance and swift intervention in case of emergencies.
56 Secure has 31 investors. Key investors include Angel List, Wellfound, Nexus Venture Partners, RTP Global, and Sparrows Capital.
The valuation of 56 Secure is $45.29M as of Dec 2022.
56 Secure operates through 56 Ai Technologies Private Limited.
The legal entities of 56 Secure currently have 2 directors, including Harshit Sharma, Sacheth Kadam.