India, Dec. 28 -- The co-founder and CEO of San Francisco-based tech startup Giga has claimed that the company is being blackmailed in an attempt to extort $3 million. Varun Vummadi took to social media yesterday to allege that a "small group of individuals" has obtained confidential company information which it is now using to extort and blackmail Giga.

Vummadi, the IIT Kharagpur-educated CEO of Giga, also shared a screenshot of the email he received demanding $3 million in cryptocurrency.

HT.com has reached out to Vummadi. This copy will be updated on receiving a response.

In November 2025, Giga raised $61 million in Series A funding led by Redpoint Ventures. The startup, which builds voice-based AI agents for companies, was founded ...