Spherical Defence, an AI Security company started in Pune, has been selected to be amongst the first seven tech startups to join the new, prestigious UK GCHQ Cyber Accelerator.
The accelerator - a collaboration between the UK’s intelligence and security organisation GCHQ, the Department of Culture, Media and Sport (DCMS), and Wayra UK, the leading corporate accelerator that is part of the global Telefónica Open Future_ network - will seek to develop the next generation of cyber startups that will keep people around the world secure online.
Selection by The GCHQ Cyber Accelerator will immediately give Spherical Defence credibility on the global stage and increase its ability to secure new corporate partners and customers, said Dishant Shah, Spherical Defence co-founder.“This is a unique, once-in-a-lifetime opportunity to work with the world’s leading cyber security experts. By working with GCHQ, we will be able to take our exceptional technology to the next level, and target the global market”
Spherical Defence focusses on detecting attempts of hacking, and focusses on the payment industry. It has built a Banking Intrusion Detection system using Artificial Intelligence. It uses Deep Learning to learn from network traffic, and creates a baseline of normal communication. The system can detect intrusions and hacks by inferring deviations from normal patterns. It solves the problem of hacks not being detected, and the massive damage that results from data breaches.
Spherical Defence has worked with companies like PayTM, OYO Rooms, ICICI Bank and HSBC to secure their infrastructure. With the GCHQ selection, Spherical Defence is in talks with global banks such as Barclays, Santander and HSBC.
Dishant Shah, Founder and CEO is from Pune, and studied at NIT Trichy, and then proceeded to study an MSc in Information Security from the prestigious University College London (UCL) where he built the company. Dishant is building the company with Jack Hopkins from Cambridge University.
Prime Minister Modi’s office, said “It is heartening to note that you are taking initiatives on cyber security, aimed at providing fillip for the much needed skilled expertise in this field through your venture. “
Minister of State for Digital and Culture Matt Hancock MP said: “I congratulate all the companies selected to join the new accelerator facility which is now open for business. This is an important step in delivering our National Cyber Security Strategy, and supported by £1.9bn transformative investment in cyber security. Based in Cheltenham, the accelerator will help UK entrepreneurs create cutting-edge technology to better protect the nation from cyber attacks and make going online safer for all.”