SecurityPal, a startup founded by Pukar Hamal, is revolutionizing the way tech companies handle security questionnaires. By leveraging AI and a team of analysts based in Kathmandu, Nepal, SecurityPal provides rapid and cost-effective solutions, enabling companies to streamline their compliance processes and close deals faster.
SecurityPal, the startup founded by CEO Pukar Hamal, is tackling a specific operational challenge faced by many prominent tech companies. The company's focus lies in streamlining the often tedious process of security questionnaires that need to be answered before large-scale deals can be finalized. Tech giants like Airtable, Figma, and OpenAI, along with publicly traded companies like monday.com, MongoDB, and Snap, utilize SecurityPal's services to efficiently respond to these questionnaires.
SecurityPal's secret sauce involves a combination of AI-powered software and a team of analysts based in Kathmandu, Nepal. The company leverages its advantageous time zone and a team of skilled professionals to deliver quick and cost-effective solutions.The process begins with SecurityPal analysts building a comprehensive 'Knowledge Library' for each client, containing answers to potential security questionnaire questions. When a client receives a questionnaire, SecurityPal's analysts work collaboratively with the software to rapidly generate responses, often within 24 hours. An AI-powered copilot facilitates seamless checking and verification of answers by the client's employees. Additionally, SecurityPal utilizes anonymized data from its user base to identify best practices and recommend improvements to clients' security procedures.In four years, SecurityPal has successfully responded to two million security questionnaire questions, generating revenue that has tripled in the last two years, reaching an estimated $10 million. The company has secured a $105 million valuation after raising $21 million in a Series A funding round led by Craft Ventures. SecurityPal's founder, Pukar Hamal, aims to establish Kathmandu as a thriving hub for tech innovation, known as 'Silicon Peaks'. He envisions building a sustainable ecosystem by hiring full-time employees, offering competitive salaries, and providing comprehensive training programs. Hamal believes that by fostering a culture of excellence and innovation in Kathmandu, he can contribute to the global tech landscape
Business Startups Securitypal AI Security Questionnaires Tech Startups Kathmandu Nepal Silicon Peaks Outsourcing Compliance Data Privacy
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