The Busy Brains
26 Jul 2023
ZYBER 365, a London-based Web3 and AI startup, has achieved unicorn status after raising $100 million in a Series A funding round led by SRAM & MRAM Group at a valuation of $1.2 billion. The startup plans to expand its presence, enhance technological capabilities, and strengthen its global market position with the raised capital.
London-headquartered Web3 and AI startup ZYBER 365 has become a unicorn company by securing $100 million in a Series A funding round, led by UK-based SRAM & MRAM Group, valuing the startup at $1.2 billion.
ZYBER 365, founded in May 2023 by Indian-origin entrepreneurs Pearl Kapur and Sunny Vaghela, offers a decentralized and cyber-secured operating system with various Web3 products such as Layer-0, Layer-1, and Layer-2 blockchains, decentralized identities, data analytics, software development kit, web browser, NFT marketplace, and ICO. These products can be utilized either as a complete Web3 ecosystem or as standalone applications tailored to user requirements.
The raised capital will be utilized to expand the startup's presence, enhance its technological capabilities, and solidify its position in the global market, according to a release from the company.
Pearl Kapur, Founder & CEO of ZYBER 365, expressed her excitement about the Series A funding and stated that it marks a significant milestone in the company's journey. She emphasized the startup's commitment to driving its Web3 OS, AI, and Cyber Security product line and delivering exceptional value to its clients.
Mahendra Joshi, Director at SRAM & MRAM Group, praised ZYBER 365's outstanding team and disruptive technology, expressing confidence that the investment will lead to remarkable growth and success in the coming years.