# Saket Modi

> Saket Modi is the Co-Founder and CEO of Safe Security (formerly Lucideus), the AI-native cyber risk management platform he started building in his final year of engineering in 2012. Based in Palo Alto, he has grown Safe Security from a bootstrapped IIT Bombay-incubated startup into a 1,300-person company with over $200M in funding — backed by Cisco's legendary John Chambers — protecting the digital infrastructure of Fortune 500 companies worldwide. His audacious goal: build CyberAGI, the definitive autonomous system of intelligence and action for the modern CISO.

- **Role:** Co-Founder and CEO at Safe Security
- **Organizations:** Safe Security, Lucideus Tech
- **From:** Kolkata, India
- **Nationality:** Indian
- **Education:** B.Tech, Computer Science Engineering, LNM Institute of Information Technology, Jaipur
- **Known for:** Fortune Magazine's 40-Under-40, Entrepreneur Magazine's 35-Under-35, Forbes Magazine's 30-Under-30

## Career timeline

- **2009** — Enrolled at LNM Institute of Information Technology, Jaipur for Computer Science engineering
- **2012** — Co-founded Lucideus Tech with Vidit Baxi and Rahul Tyagi, incubated at IIT Bombay, starting as a cybersecurity training company
- **2013** — Expanded Lucideus into cybersecurity services, focused on quantifying digital risk for enterprises
- **2014** — Participated in Government of India committee (Ministry of HRD) to develop vocational cybersecurity courses under NSQF
- **2016** — Led security assessment of BHIM app for National Payments Corporation of India; launched 'Secure Digital India' campaign across 50+ colleges
- **2016** — Won 'Best IT Startup of India' at National Entrepreneurship Awards, felicitated by Minister of Home Affairs
- **2017** — Featured in Entrepreneur Magazine's 35-Under-35 list
- **2018** — Secured investment led by John Chambers; named 'Top Innovation of the Year' by Forbes and 'Emerging Cybersecurity Vendor of the Year' by Frost & Sullivan
- **2021** — Rebranded Lucideus to Safe Security (SAFE); raised $33M Series A led by British Telecom and John Chambers
- **2021** — Felicitated at National Startup Awards 2021 by Minister Piyush Goyal; pitched Safe Security live to Prime Minister Modi on national television
- **2023** — Acquired RiskLens to establish leadership in cyber risk quantification; raised $50M Series B from Sorenson Capital
- **2024** — Launched Third-Party Risk Management (TPRM) product with Agentic AI; 50% of customers adopted TPRM within months
- **2025** — Named Category Leader in Forrester Wave for Cyber Risk Quantification Solutions (Q2 2025)
- **2025** — Raised $70M Series C led by Avataar Ventures to build CyberAGI and world's first autonomous CTEM solution
- **2025** — Acquired Balbix (Gartner Visionary in CTEM), creating the ultimate AI-native unified cyber risk and exposure management platform

## Achievements

- Fortune Magazine's 40-Under-40
- Entrepreneur Magazine's 35-Under-35
- Forbes Magazine's 30-Under-30
- Best IT Startup of India - National Entrepreneurship Awards 2016
- National Startup Awards 2021 recognition by Minister Piyush Goyal
- Live pitch to Prime Minister Narendra Modi on national television
- Led security assessment of BHIM app for National Payments Corporation of India
- Grew Safe Security revenue 6x in two years while maintaining a lean 190-person team
- Triple-digit revenue growth for three consecutive years at Safe Security
- Safe Security named Category Leader in Forrester Wave for Cyber Risk Quantification
- Secured John Chambers (Cisco's legendary ex-CEO) as investor and backer
- Built cybersecurity company from college startup to 1,300 employees and $72.5M annual revenue
- Conducted ethical hacking workshops across 100+ colleges globally as an undergraduate

## Latest updates

- **2025-11** — Safe Security acquired Balbix, combining cyber risk quantification with continuous threat exposure management under one AI-native platform. Balbix founder Gaurav Banga joined as President of CTEM.
- **2025-07** — Safe Security raised $70M Series C led by Avataar Ventures. Total funding exceeded $200M. Announced world's first fully autonomous CTEM solution powered by Agentic AI.
- **2025-04** — Safe Security named Category Leader in Forrester Wave for Cyber Risk Quantification Solutions Q2 2025.
- **2026-05** — Safe Security reported its most successful RSAC conference ever, tripling conversations and post-conference follow-ups vs. 2025.

## Links

- Website: https://safe.security
- LinkedIn: http://www.linkedin.com/in/samodi
- Twitter/X: https://twitter.com/SaketModi_
- Instagram: https://www.instagram.com/saketm0di/
- Facebook: https://www.facebook.com/saketm0di/

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Profile page: https://yespress.io/saket-modi
Published by YesPress — https://yespress.io
Last updated: 2026-05-23