In a significant move that highlights the growing importance of India in global tech development, US-based cybersecurity startup Keychain has raised $30 million in funding to expand its engineering and development operations in India. The funding round was led by top-tier venture capital firms, with participation from both new and existing investors who believe in the company’s mission to revolutionize secure digital identity management.
Strengthening India as a Global Tech Hub
Keychain, known for its cutting-edge solutions in secure authentication and decentralized identity, is betting big on India’s vast pool of tech talent. With this fresh infusion of capital, the company aims to scale its development team in India, focusing on hiring engineers, developers, and product managers across cities like Bengaluru, Hyderabad, and Pune.
India’s reputation as a technology powerhouse continues to grow, with many global startups and enterprises choosing the country as a hub for innovation and product development. Keychain’s investment further validates India’s position as a critical center for tech excellence and software innovation.
Accelerating Product Development and Innovation
The $30 million funding will be used primarily to boost research and development efforts, accelerate product timelines, and expand the India team that plays a central role in building Keychain’s secure identity infrastructure.
CEO and co-founder of Keychain, Alex Martinez, commented,
“India has always been a key part of our global growth strategy. The incredible talent and innovation mindset here make it the perfect place to scale our development operations. This funding will help us build stronger, faster, and more secure products for our global user base.”
Keychain’s platform leverages blockchain and advanced encryption to enable passwordless authentication, secure document signing, and decentralized access controls — all without compromising user privacy.
Job Creation and Local Impact
As part of its India expansion plan, Keychain is expected to create over 150 new jobs within the next year. These roles will span across engineering, cybersecurity, AI/ML development, and DevOps, offering exciting opportunities for Indian tech professionals.
The startup is also partnering with top Indian universities and tech institutions to foster innovation and support emerging talent in cybersecurity and identity technologies.
The Road Ahead
This $30 million raise brings Keychain’s total funding to over $50 million since its inception in 2021. The company has seen rapid adoption across industries like finance, healthcare, and enterprise SaaS, thanks to its robust and scalable approach to secure identity verification.
By doubling down on its India operations, Keychain not only strengthens its global development capacity but also contributes to India’s growing role as a leader in cybersecurity and tech innovation.
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