Global experts to gather at Accel Cybersecurity Summit

New Delhi: Prominent founders, global cybersecurity experts and chief information security officers (CISOs) of large enterprises as well as tech unicorns will gather at the Accel Cybersecurity Summit scheduled to be held in Bengaluru on July 25.

The mega summit will provide a platform for startups to showcase their cybersecurity innovations and pitch to a select group of CISOs from both big enterprises and tech unicorns, including PhonePe, Groww, Cred, and Flipkart, according to a release by Accel. "Accel is set to host India's largest Cybersecurity Summit on July 25, 2024, in Bengaluru," the global venture capital firm said. To evangelise the early-stage cybersecurity startup ecosystem in India, the event will bring together security operators, CISOs and notable founders from across the world. The summit comes at a time India's cybersecurity landscape is witnessing remarkable growth, and demand for products and services is rising at a fast clip.

According to a report by the Data Security Council of India, the market reached approximately $6 billion in 2023, clocking a CAGR (compounded annual growth rate) of over 30 per cent from 2019 to 2023. The products segment alone grew by more than 3.5X, reaching close to $3.7 billion in 2023 from $1 billion in 2019. "India's cybersecurity landscape is maturing quickly. With the exponential growth of large SaaS (software as a service) and consumer companies in India, security teams have become highly skilled at combating increasing threat surfaces," said Prayank Swaroop, partner at Accel. Swaroop said Accel has funded over 50 cybersecurity companies globally, many of which have Indian-origin founders.

"There are significant opportunities for the founders in India to build the next generation of global cybersecurity companies focusing on areas like AI (artificial intelligence) in cybersecurity, application security, and security operations,” he added.