New Delhi, March 18 -- Mobile apps cybersecurity startup Protectt.ai said on Monday it has raised around $8.7 million at an undisclosed valuation in a Series-A funding round led by global venture capital firm Bessemer Venture Partners (BVP).

The Mumbai-based company aims to use the funds to drive global expansion, undertake product innovation and nurture talent.

Protectt.ai's clients include a mix of banks, stock exchanges and stock-related apps. "We found that mobile banking and UPI applications were the most targeted by malware and threat actors. We saw adoption and early traction from these sectors," co-founder and chief executive Manish Mimani told Mint.

Founded in 2020, Protectt.ai uses artificial intelligence (AI) as part of its ...