About Procyon
Procyon is a Technology company based in Santa Clara (United States) founded in 2019 by Sukhesh Halemane. It operates as a passwordless authentication platform with self-serve access controls is offered. Procyon has raised $6.5 million across 1 funding round from investors including Lobby Capital, GTM Capital and First Rays Venture Partners. Its Indian entity Procyon Technologies Private Limited reported revenue of ₹4.45 Cr. Procyon offers products and services including Privilege Access Management, Identity Analyzer, Self-Service Portal, and Passwordless Access. Its focus areas include Enterprise Infrastructure, Cloud Infrastructure, Cloud Security and Passwordless Authentication. Its competitors include TrustAuthX and OnzAuth.
Company details
Procyon was founded in 2019 and is headquartered in Santa Clara, United States, within the cybersecurity sector. A passwordless authentication platform is provided, featuring a self-serve portal for users to request resource access. Developers receive passwordless entry to these resources, while access restrictions to designated users are enabled. Multi-factor authentication and server access capabilities are incorporated into the system.
- Headquarters Santa Clara, United States
- Founders Sukhesh Halemane
- SectorsTechnology
- Website procyon.ai
- Social LinkedIn YouTube
- Legal Name Procyon Technologies Private Limited
- Date of Incorporation 04 Jan, 2023
- Jurisdiction Delhi, India
- Annual Revenue₹4.45 Cr
FY 2024
- Net Profit₹39.9 Lakh
FY 2024 · 9% margin
- EBITDA₹53.6 Lakh
FY 2024 · 12% margin
- Total Equity Funding$6.5M (USD)
in 1 rounds
- Latest Funding Round$6.5M (USD), Series A
Feb 2023
- InvestorsLobby Capital
& 2 more
Associated legal entities of Procyon
Procyon operates through Procyon 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 |
|---|---|---|---|---|---|---|---|
| Procyon Technologies Private Limited CIN U72900DL2023PTC409362 | Active | 04 Jan 2023 | Delhi, Delhi | ₹4.5 Cr | – | 2 | View details |
Products & Services of Procyon
Procyon offers a comprehensive portfolio of products and services, including Privilege Access Management, Identity Analyzer, Self-Service Portal, and Passwordless Access.
Manages secure access to cloud resources with on-demand permissions.
Visualizes and remediates identity risks in multi-cloud environments.
Enables user access requests with automated approvals and controls.
Eliminates credentials to reduce sprawl and enhance security.
Funding Insights of Procyon
Procyon has successfully raised a total of $6.5M through 1 strategic funding round. The most recent funding activity was a Series A round of $6.5 million completed in February 2023. 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 $6.5M
- Total Rounds 1
- Last Round Series A — $6.5M
- First Round $6.5M
(Feb 2023)
- Investors Count 3
All 1 funding rounds of Procyon 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 |
|---|---|---|---|---|---|
| Feb 2023 | $6.5M | Series A | – | Lobby Capital |
3 investors in total: 3 institutional.
Investors in Procyon
Procyon has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Lobby Capital, GTM Capital and First Rays Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Lobby Capital is engaged in funding innovative tech startups. | – | lobby.vc | Palo Alto, United States | |
GTM Capital is focused on investing in enterprise IT startups. | – | gtm-capital.com | - | |
A specialized seed fund is operated for enterprise infrastructure startups. | – | firstraysvc.com | - |
Investor details for Procyon
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Procyon Technologies Private Limited (Procyon)
Procyon Technologies Private Limited is the primary company behind Procyon. The board of Procyon Technologies Private Limited currently have 2 directors; the longest-serving is Sandeep Goyal, appointed in 2025. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sandeep Goyal DIN 10596496 | Additional Director | 03 Jul 2025 | 1 yr 3 mo | Procyon Technologies Private Limited |
| Raj M Dani DIN 09597621 | Additional Director | 03 Jul 2025 | 1 yr 3 mo | Procyon Technologies Private Limited |
People of Procyon
2 people are tracked at Procyon (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
Mahantesh Pattanshetti | Co-founder, Chief Product Officer | Leadership |
Complete people profiles for Procyon
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Procyon
Figures of Procyon Technologies Private Limited, the primary company behind Procyon, for FY 2024. Revenue was ₹4.45 Cr. Net profit was ₹39.9 Lakh (9% margin). EBITDA was ₹53.6 Lakh (12% margin).
- ₹4.45 CrRevenue · FY 2024
- ₹39.9 LakhNet profit · 9% margin
- ₹53.6 LakhEBITDA · 12% margin
- ₹10,000Paid-up capital
Balance sheet, profit and loss, cash flow and ratios of Procyon Technologies Private Limited are on its company page.
Detailed financial statements for Procyon
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Procyon
2 dated milestones of Procyon across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Procyon is founded.
- Funding First funding round of $6.5M.
Competitors of Procyon
Procyon has 2 listed competitors in our database. They include TrustAuthX and OnzAuth, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| trustauthx.com | 2023 | Srinagar, India | – | – | Low-code platform for authentication, user management, and security features. | |
| tryonzauth.com | 2022 | Singapore | – | – | Delivers comprehensive passwordless authentication solutions. |
Detailed competitors of Procyon
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Cybersecurity & Data Protection
10 companies that operate in the same segment as Procyon (Cybersecurity & Data Protection), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud based website security solutions | 2009 | San Francisco, California, United States | USD 332.1 M | USD 1.67 B | 4,260 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 2,241 | |
Cloud-based identity management solutions are provided for enterprises. | 2002 | Denver, Colorado, United States | USD 136.89 M | USD 36.94 M | 821 | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
AI-based software suites are developed for navigation applications. | 1893 | Paris, France | – | USD 26.01 B | 83,020 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | – | |
Cloud-based identity management and authentication are provided for enterprises. | 2009 | San Francisco, California, United States | USD 231.3 M | USD 2.92 B | 5,910 | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Identity security solutions are provided to secure identities across infrastructures. | 1999 | Petah Tikva, Central District, Israel | USD 59 M | USD 1 B | 3,790 |
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Frequently Asked Questions about Procyon
Procyon was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Procyon is headquartered in Santa Clara, United States. It is registered at Santa Clara, California, United States.
Procyon is a funded company, having raised a total of $6.5M across 1 funding round to date. The company's 1st funding round was a Series A of $6.5M, raised on Feb 2023.
The primary company behind Procyon, Procyon Technologies Private Limited, reported revenue of ₹4.45 Cr for FY 2024.
Procyon was founded in 2019 and is headquartered in Santa Clara, United States, within the cybersecurity sector. A passwordless authentication platform is provided, featuring a self-serve portal for users to request resource access. Developers receive passwordless entry to these resources, while access restrictions to designated users are enabled. Multi-factor authentication and server access capabilities are incorporated into the system.
Procyon's top competitors include TrustAuthX and OnzAuth.
Procyon offers Privilege Access Management, Identity Analyzer, Self-Service Portal, and Passwordless Access.
Procyon has 3 investors. Key investors include Lobby Capital, GTM Capital, and First Rays Venture Partners.
Procyon operates through Procyon Technologies Private Limited.
The legal entities of Procyon currently have 2 directors, including Sandeep Goyal, Raj M Dani.