Saket Modi is an Indian entrepreneur known for his expertise in cybersecurity and as the co-founder and CEO of Safe Security, a leading company in cybersecurity and digital business risk quantification. Born on July 31, 1990, in Kolkata, India, Saket’s journey from a curious school student to a global tech leader is inspiring, especially for those passionate about ethical hacking and cybersecurity.
Early Life and Education
Saket Modi grew up in Kolkata, India, in a business-oriented family. His passion for technology started early in his school days at Lakshmipat Singhania Academy, where he spent a lot of time in the computer lab. A defining moment came when he used a simple hacking tool called “brute force” to unlock a password-protected chemistry question paper. While he later admitted his actions to his teacher, this incident sparked his interest in using his skills for ethical purposes and social good.
Saket pursued his higher education in computer science at The LNM Institute of Information Technology, Jaipur, where he graduated in 2012. During his college years, he conducted workshops on ethical hacking across prestigious Indian Institutes of Technology (IITs), where he honed his cybersecurity expertise.
The Birth of Safe Security
In 2012, during his final year in college, Saket teamed up with Vidit Baxi and Rahul Tyagi to co-found Lucideus, a company focused on cybersecurity. Lucideus, now rebranded as Safe Security, was launched with the founders’ personal savings and support from their families. They started in an incubation centre at IIT Bombay, and by 2013, they had opened their first office in New Delhi.
Safe Security soon gained recognition for its role in assessing the security of the BHIM app, a mobile payment platform linked to Aadhaar, India’s biometric identification system. Saket and his team became well-known in the cybersecurity industry for their ability to protect sensitive digital information.
Safe Security’s Growth and Global Expansion
Safe Security’s journey from a startup to an international leader in cybersecurity is a testament to Saket’s vision and leadership. In 2017, the company received its first significant funding of $2 million from notable investors, including Sri Shivananda, CTO of PayPal, and Rajan Anandan, Managing Director of Sequoia Capital. This investment helped Safe Security expand its operations and enhance its technology.
In 2018, John T. Chambers, former CEO of Cisco, invested $5 million in Safe Security through his firm, JC2 Ventures, after being impressed by Saket’s concise and compelling description of the business. This endorsement from such a prominent figure further fueled the company’s growth.
By 2019, Safe Security had expanded its operations beyond India, establishing its headquarters in Palo Alto, California, and expanding into the US and Asia-Pacific (APAC) markets.
Public Appearances and Recognitions
Saket Modi’s knowledge of cybersecurity has made him a sought-after speaker at global forums. He has appeared on leading platforms such as CNBC, Forbes, Bloomberg, and Fortune, discussing cybersecurity and entrepreneurship. He has also delivered talks at various international conferences, including Mobile World Congress, CeBIT, and TED, sharing his insights on information security.
Saket’s work has earned him numerous accolades over the years. Some of the most notable awards include being featured in Forbes India’s “30 under 30” list in 2016, Forbes Asia’s “30 under 30” list in 2016, and Fortune India’s “40 under 40” list in 2018 and 2019. He has also been recognized by Entrepreneur, Businessworld, and The Economic Times as one of the top young achievers in India.
Conclusion
Saket Modi’s journey from a curious student who unlocked a question paper to a global leader in cybersecurity reflects his drive for learning and innovation. His vision for Safe Security has made a significant impact in protecting businesses from cyber threats. With numerous awards and achievements to his name, Saket continues to inspire many in the world of technology and cybersecurity.
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