About 56 Secure
56 Secure is a company based in Bengaluru (India) founded in 2020 by Troels Birnbaum Licht and Sacheth Kadam.. 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 as of April 08, 2024. 56 Secure operates in a competitive market with competitors including NATIX Network, Torq, X Tag, Noggin and AxxonSoft, among others.
- Headquarter Bengaluru, India
- Employees 149 as on 08 Apr, 2024
- Founders Troels Birnbaum Licht, Sacheth Kadam
- Stage Minicorn
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Sectors
Industrial Goods & ManufacturingTechnology
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Email
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Phone
*********
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Website
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Social
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- Legal Name 56 Ai Technologies Private Limited
- Date of Incorporation 27 May, 2020
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$451.17 K (USD)509.49as on Mar 31, 2023
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Net Profit
$-3.88 M (USD)-224.19as on Mar 31, 2023
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EBITDA
$-3.49 M (USD)-206.63as on Mar 31, 2023
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Total Equity Funding
$12.21 M (USD)
in 5 rounds
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Latest Funding Round
$317.9 K (USD), Series A
Dec 28, 2022
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Investors
Angel List
& 30 more
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Employee Count
149
as on Apr 08, 2024
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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 Total Funding
- Total Rounds 5
- Last Round Series A — $317,897
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First Round
First Round
(20 Jan 2021)
- Investors Count 31
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Series A - 56 Secure | Valuation |
investors |
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| Sep, 2022 | Amount | Series A - 56 Secure | Valuation |
investors |
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| Apr, 2022 | Amount | Series A - 56 Secure | Valuation | RTP Global |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm that partners with entrepreneurs for product-first companies.
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Founded Year | Domain | Location | |
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Venture capital firm focused on early-stage technology companies
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward automobiles and diverse sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 56 Secure
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 56 Secure
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
56 Secure Comparisons
Competitors of 56 Secure
56 Secure operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as NATIX Network, Torq, X Tag, Noggin and AxxonSoft, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Network providing decentralized mapping data for autonomous driving and smart applications
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| domain | founded_year | HQ Location |
Security operations are enhanced through AI-driven hyperautomation solutions.
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| domain | founded_year | HQ Location |
Software for property safety and compliance management is provided.
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| domain | founded_year | HQ Location |
Provider of converged security and information management systems
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| domain | founded_year | HQ Location |
Offers integration software for surveillance and security systems.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 56 Secure
When was 56 Secure founded?
56 Secure was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is 56 Secure located?
56 Secure is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is 56 Secure a funded company?
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 Series A of $8.4M, raised on Jan 20, 2021.
How many employees does 56 Secure have?
As of Apr 08, 2024, the latest employee count at 56 Secure is 149.
What is the annual revenue of 56 Secure?
Annual revenue of 56 Secure is $451.17K as on Mar 31, 2023.
What does 56 Secure do?
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.
Who are the top competitors of 56 Secure?
56 Secure's top competitors include Torq, NATIX Network and Noggin.
Who are 56 Secure's investors?
56 Secure has 31 investors. Key investors include Angel List, Wellfound, Nexus Venture Partners, RTP Global, and Sparrows Capital.
What is 56 Secure's valuation?
The valuation of 56 Secure is $45.29M as of Dec 2022.
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