 "AI startup ZYBER 365 secures $100 mn in funding led by SRAM & MRAM")
AI Start-up ZYBER 365 has secured USD 100 million (around Rs 818.7 crore) in Series A funding led by UK-based SRAM & MRAM Group, valuing the company at USD 1.2 billion, a statement said on Tuesday.
The latest funding has earned the Web3, AI startup a unicorn status, making ZYBER 365 the 109th unicorn in India's vibrant start-up ecosystem, the startup said in the statement.
Founded in May 2023 by Indian-origin entrepreneurs Pearl Kapur and Sunny Vaghela, ZYBER 365 is involved in Web3, AI and cybersecurity segments with a focus on sustainability.
With its headquarters in London and operational base in India, the company aims to make India the hub of its operations.
The statement said that the Series A funding round, spearheaded by SRAM & MRAM Group, garnered significant investments from other prominent investors as well, highlighting the confidence in ZYBER 365's potential and growth trajectory.
The capital will play a key role in fuelling the company's expansion plans, enhancing its technological capabilities and solidifying its global market presence, it said.
SRAM & MRAM Group has announced a USD 3.64 billion investment in a semiconductor fab in Odisha. It also announced a USD 100 million investment in the air cargo business of SpiceXpress.
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