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Saket Modi

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Saket Modi
Born (1990-07-31) July 31, 1990 (age 34)
Calcutta, India
NationalityIndian
Alma materLakshmipat Singhania Academy, The LNM Institute of Information Technology
OccupationEntrepreneur
Known forCo-founder of Safe Security
TitleCEO, Safe Security

Saket Modi (born July 31, 1990) is an entrepreneur, co-founder and CEO of Safe Security, a cybersecurity and digital business risk quantification company, based out of Palo Alto, California.[1][2]

Early life

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Modi is born and raised in Kolkata, India. His father is a businessman.[1][3] He attended school at Lakshmipat Singhania Academy. In school, Modi was often found in the computer laboratory and it is there that he realised he could access the chemistry question paper stored in a password protected file.[1] By using a simple ‘brute force’ tool, which was available for free on the Internet, he was able to unlock the paper.[3] He later confessed to his teacher but this small incident helped Modi realize that he could use his skills for social good.[3] In 2012, he received his undergraduate engineering degree from the LNM Institute of Information Technology, Jaipur with a major in computer science.[4] As an undergraduate student, Saket conducted several hands-on workshops on ethical hacking at Indian Institutes of Technology (IIT) campuses across India.[1]

Career

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In 2012, while in his fourth year of college, Saket Modi, Vidit Baxi and Rahul Tyagi started Lucideus (now known as Safe Security) at the incubation center in IIT Bombay, using capital from their personal savings and family.[1] In 2013, Lucideus opened its first office in New Delhi.[1] The company was known for doing a security assessment of the BHIM, an Aadhaar-based mobile payment platform designed by the National Payments Corporation of India.[5][6]

In 2017, Lucideus secured its initial round of funding with $2 million from Sri Shivananda (CTO, PayPal), Rajan Anandan (Managing Director, Sequoia Capital), Victor Menezes (ex-Senior Vice-chairman, Citibank), Vikas Agnihotri (Operating Partner, Softbank Group), Mickey Doshi (CEO, Credit Suisse, India), among others.[7][8]

In 2018, Cisco's former Chairman and CEO John T. Chambers led an investment round of $5 million through JC2 Ventures to invest in Lucideus. Chambers asked Modi to describe his business in 15 seconds and was hooked by the reply.[9][6]

In 2019, Lucideus expanded its operations to the USA and other markets in the APAC region, and shifted their headquarters to Palo Alto, California.[10]

Public appearances

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Modi has appeared as a guest on television programs including CNBC,[11] Fortune (magazine),[12] Forbes,[13] and Bloomberg.[14] Also, he has spoken on various subject of information security and entrepreneurship at international forums like Mobile World Congress, CeBIT, Confederation of Indian Industry, ISACA, TiE, TED (conference), etc.[15]

Awards and honours

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Year Name Awarding organisation Ref.
2016 30 under 30 Forbes India [16]
2016 30 under 30 Forbes Asia [17]
2017 Under 30 Summit Asia Forbes Asia [18]
2017 India's 21 Young Guns The Economic Times [19]
2017 20 under 26 Vogue India [20]
2017 30 under 35 Entrepreneur [21]
2017 40 under 40 Achiever of the Year Businessworld [22]
2018 40 under 40 Fortune India [23]
2019 Entrepreneur of the Year Entrepreneur [24]
2019 40 under 40 Fortune India [25]

References

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  1. ^ a b c d e f Balachandaran, Manu (26 April 2018). "Saket Modi: Hacking for the greater good". Forbes India.
  2. ^ Sharma, Shweta (2021-02-05). "Cybersecurity startup Lucideus undergoes a rebrand". Techcircle. Retrieved 2021-02-15.
  3. ^ a b c Morgan, Steve (2020-08-03). "Lucideus Goes From Elevator Pitch To Silicon Valley High-Flyer". Cybercrime Magazine. Retrieved 2021-01-05.
  4. ^ Dhamija, Anshul (18 February 2016). "30 Under 30: Saket Modi - Hacking And Securing The World Wide Web". Forbes India.
  5. ^ Peermohamed, Alnoor (25 September 2018). "Saket Modi, the millennial who keeps your data on the BHIM app safe". Business Standard India.
  6. ^ a b Chaudhary, Deepti (26 October 2018). "Why John Chambers loves Saket Modi's Lucideus". Fortune India.
  7. ^ Ghoshal, Anirban (11 May 2017). "Lucideus Tech secures funds from angel investors". Mint.
  8. ^ Sarkhel, Aritra (9 May 2017). "Lucideus Tech raises funding from Rajan Anandan, Govind Rajan & others". The Economic Times.
  9. ^ Singal, Aastha (2018-11-01). "Tale of a 15-Second Pitch That Left Ex-Cisco Chairman John Chambers Impressed". Entrepreneur. Retrieved 2021-03-03.
  10. ^ "Lucideus Bags $7 Mn Funding To Become India's Most Valuable Cybersecurity Startup". Inc42 Media. 2019-12-03. Retrieved 2020-11-19.
  11. ^ "Startup Street: Here's how social media influencers are redefining brand building". cnbctv18.com. Retrieved 2021-03-03.
  12. ^ "'We want to become the Netflix of cybersecurity'". www.fortuneindia.com. Retrieved 2021-03-03.
  13. ^ Panel®, Expert. "Council Post: 14 Tech Experts Predict Which Industries And Sectors Will Benefit Most From AI". Forbes. Retrieved 2021-03-03.
  14. ^ "How Safe Is Your Mobile Device?". BloombergQuint.
  15. ^ "Entrepreneur India Congress". Entrepreneur India.
  16. ^ "30 Under 30: Saket Modi - Hacking and securing the world wide web". forbesindia.com. Retrieved 1 March 2021.
  17. ^ "Forbes 30 under 30 Asia". forbes.com. Retrieved 3 March 2021.
  18. ^ "Forbes Hosts Its Second Annual "Under 30 Summit Asia In Manila". forbes.com. Retrieved 1 March 2021.
  19. ^ "WCRC The Economic Times - Saket Modi". economictimes.indiatimes.com. Retrieved 1 March 2021.
  20. ^ "Meet the 20 people under the age of 26 you need to know about". vogue.in. Retrieved 1 March 2021.
  21. ^ "Presenting the Entrepreneur 2017 League of 35 Under 35". entrepreneur.com. Retrieved 1 March 2021.
  22. ^ "'Running a Startup is One of the Most Simplest Things a Person Can Do' - Saket Modi, Lucideus". businessworld.in. Retrieved 1 March 2021.
  23. ^ "SAKET MODI, VIDIT BAXI, RAHUL TYAGI, 27, 28, 30". fortuneindia.com. Retrieved 1 March 2021.
  24. ^ "Entrepreneur of the Year - Award Winners". entrepreneurindia.com. Retrieved 1 March 2021.
  25. ^ "SAKET MODI, RAHUL TYAGI, VIDIT BAXI, 28, 31, 29". fortuneindia.com. Retrieved 1 March 2021.
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