Saket Modi
About Saket Modi
Company
Saket Modi is the Co-Founder and CEO of Safe Security. The company focuses on Cyber Risk Quantification and Management, also known as CRQ. Safe Security rebranded in 2021 and has a strong presence in both the United States and India. The company launched SAFE Me in 2020, a consumer-focused product designed to secure and protect digital lives. Known for its technological integrations and pioneering platforms, Safe Security introduced the world's first Cyber Risk Cloud of Clouds Generative AI Platform, SafeGPT, in 2023.
Education and Expertise
Saket Modi has a background that includes incubation from IIT Bombay in 2012. Throughout his career, he has heavily focused on cybersecurity and associated technical fields. His expertise extends to Cyber Risk Quantification, a field he has contributed to through joint research with MIT in 2018. Under his leadership, Safe Security has expanded its portfolio to include over 50 technology integrations, making Cyber Risk Quantification and Management more accessible and reliable.
Achievements
Saket Modi has received multiple accolades throughout his career. He was awarded 'Indian Ambassador of Cyber Security' by the Government of India in 2015. Safe Security, under his leadership, was recognized as the 'Best IT Startup of India' by the Government of India in 2017. In 2018, the company received the 'Emerging Cyber Security Vendor of the Year' award from Frost & Sullivan and was named 'Top Innovations of the Year' by Forbes Magazine. In 2019, Saket's company was listed as a leading pure-play VAPT vendor in the Gartner Market Guide.
Funding and Investment
Saket Modi has secured substantial investments for Safe Security over the years. In 2018, he secured investment led by John Chambers. This was followed by a $33 million Series A funding round in 2021, led by British Telecom and John Chambers. Most recently, in 2023, the company secured a $50 million Series B funding round, bringing the total funding to over $100 million.
Industry Milestones
Under Saket Modi's leadership, Safe Security has achieved significant industry milestones. The company launched the industry’s first Cyber Risk Cloud of Clouds Generative AI Platform — SafeGPT in 2023. They also expanded to over 50 technology integrations by 2022 to enhance their Cyber Risk Quantification and Management services. The company has been recognized as a 'Great Place To Work' in the US and India, twice in a row, by 2022, and won the CISO’s Choice Award in Risk Management the same year. Safe Security also acquired RiskLens in 2023, becoming a leader in the $4 billion CRQ market.