Saket Modi

Saket Modi (July 31, 1990) is an Indian entrepreneur based in Palo Alto. He is the co-founder and CEO of Lucideus, a computer security company.[1] He is a public speaker about ethical hacking and computer security.

Saket Modi
Born (1990-07-31) July 31, 1990
Calcutta, India
NationalityIndian
Alma mater
OccupationEntrepreneur, speaker, ethical hacker
Known forFounder of Lucideus

Early life

Saket Modi was born and raised in Kolkata, India, Saket attended primary school at Lakshmipat Singhania Academy. He received an undergraduate degree in technology from the LNM Institute of Information Technology, Jaipur in 2012 or 2013.[2]

He is an ethical hacker. In 2008, he hacked into his school's IT system, gaining access to a chemistry question paper and that's when he realized that he could use his skills for social good.[3] As an undergrad student at LNM, Saket conducted 2-day hands-on workshops on ethical hacking at Indian Institutes of Technology (IITs) campuses across the country for a fee.[2] During this time he "shot to national prominence" demonstrating how to hack into a smart phone in 20 seconds.[2]

Career

In 2012, while in his fourth year of college, Saket Modi, Vidit Baxi and Rahul Tyagi started Lucideus at the incubator IIT Bombay, using capital from their personal savings and family.[2] In 2013, Lucideus opened its first office in New Delhi.[2] Among the company's accomplishments include doing a security assessment of the BHIM, an Aadhaar-based mobile payment platform designed by the National Payments Corporation of India.[4][1]

In 2017, Lucideus secured its initial round of funding with $2 million from Sri Shivananda (CTO, PayPal), Rajan Anandan (Managing Director, Sequoia Capital), Victor Menezes (ex-Senior Vice-chairman, Citibank), Vikas Agnihotri (Operating Partner, Softbank Group), Mickey Doshi (CEO, Credit Suisse, India), among others.[5][6]

In 2018, Cisco's former Chairman and CEO John T. Chambers led an investment round of $4 million through JC2 Ventures to invest in Lucideus. Chambers asked Modi to describe his business in 15 seconds and was hooked by the reply.[1]

In 2019, Lucideus expanded its operations to the USA and other markets in the APAC region, and shifted their headquarters to Palo Alto, California.[7]

Public appearances

Modi has appeared as a guest on TV news programs including News 18, ET Now, NDTV,[8] Bloomberg Quint Live TV[9] and has spoken on various subject of information security and entrepreneurship at international forums like Mobile World Congress, CeBIT (Germany), Forbes under 30 Global Summit (Boston),[10] Confederation of Indian Industry, Cyber-Tech (Israel), ISACA, TiE, TED (conference), etc.[11] In 2017, Saket was invited at India TV’s show on mobile hacking.[12]

Awards and honours

References
  1. Chaudhary, Deepti (26 October 2018). "Why John Chambers loves Saket Modi's Lucideus". Fortune India.
  2. Balachandaran, Manu (26 April 2018). "Saket Modi: Hacking for the greater good". Forbes India.
  3. Dhamija, Anshul (18 February 2016). "30 Under 30: Saket Modi - Hacking And Securing The World Wide Web". Forbes India.
  4. Peermohamed, Alnoor (25 September 2018). "Saket Modi, the millennial who keeps your data on the BHIM app safe". Business Standard India.
  5. Ghoshal, Anirban (11 May 2017). "Lucideus Tech secures funds from angel investors". Mint.
  6. Sarkhel, Aritra (9 May 2017). "Lucideus Tech raises funding from Rajan Anandan, Govind Rajan & others". The Economic Times.
  7. "Lucideus Bags $7 Mn Funding To Become India's Most Valuable Cybersecurity Startup". Inc42 Media. 2019-12-03. Retrieved 2020-11-19.
  8. "Tim Cook Can Legally View Any Photo On Your iPhone, Says Saket Modi". NDTV. 17 September 2016.
  9. "How Safe Is Your Mobile Device?". BloombergQuint.
  10. Hedgecock, Sarah (18 October 2016). "Cybersecurity Expert Saket Modi Will Make You Afraid To Own A Smartphone". Forbes.
  11. "Entrepreneur India Congress". Entrepreneur India.
  12. Ranjan, Abhinav (19 August 2017). "All banking apps including BHIM safe, can't be hacked: Saket Modi at India TV's special show on mobile hacking". India TV.
  13. "Hacking iPhone difficult but not impossible: Saket Modi at India TV's special show on mobile hacking". India TV. New Delhi. 20 August 2017. Retrieved 24 January 2020.
  14. "U30 Summit Asia 2019". Forbes under 30 summit Asia. issuu. p. 2. Retrieved 24 January 2020.
  15. "30 Under 30: Saket Modi - Hacking And Securing The World Wide Web". Forbes India. Retrieved 2020-12-06.
  16. Dar, Vaishali (10 November 2017). "Running a Startup is One of the Most Simplest Things a Person Can Do". Business World. Retrieved 24 January 2020.
  17. "SAKET MODI, VIDIT BAXI, RAHUL TYAGI - India's Young & Brightest Entrepreneurs in 40 Under 40 2018 - Fortune India". Fortune India.
  18. "40 Under 40". Fortune India. Retrieved 24 January 2019.
  19. "Entrepreneur 2019". www.entrepreneurindia.com. Retrieved 2020-12-06.
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