In a world where cybersecurity and compliance are crucial, creative solutions are necessary. This Nepali AI Startup is transforming the way large tech companies like Figma and OpenAI manage their security compliance processes. SecurityPal, which was initiated back in 2020 has become an emerging asset in the market for security questionnaires, streamlining a previously challenging procedure.
Backstory: The Vision Behind SecurityPal
Pukar Hamal, the CEO and founder of SecurityPal, discovered inspiration for the business in his personal life. Hamal had personal experience with the difficulties of dealing with bureaucratic procedures. He was frustrated with the inefficiencies around security checks, which are frequently a tiresome and time-consuming part of enterprise sales. As a result, he noticed a significant vacuum in the market saw a big chance for innovation.
His concerns were validated by his discussions with other tech leaders, who revealed that many were dealing with similar issues. This realization resulted in the development of SecurityPal, a system that effectively addresses these issues by combining human expertise with artificial intelligence.
Hamal, a seasoned investor and businessman, aimed to create a platform that would expedite the security questionnaire process and increase compliance and confidence in business-to-business transactions.
Hamal’s vision was clear: to develop an AI-driven platform that not only simplifies security reviews but also enhances trust and compliance in B2B transactions. As a result, he established SecurityPal in Kathmandu, Nepal, with the intention of revolutionizing consumer assurance.
“It’s hard to motivate a bunch of people to answer questionnaires all the time unless there’s a bigger reason why you’re doing it.” – Pukar Hamal, CEO and Founder of SecurityPal
The Unique Offer of the Startup
SecurityPal operates at the intersection of technology and human intelligence. The company uses a unique approach that combines AI algorithms with skilled security professionals to provide accurate and timely responses to security queries. This dual strategy enables businesses to effectively meet complex compliance requirements while maintaining high standards of accuracy.
To make it more simple, SecutrityPal works by assisting vendors in completing their security questionnaires and assisting buyers in understanding vendor security postures. With a reported 90% completion rate and 24-hour turnaround times, SecurityPal is redefining how companies manage their security assessments.
It is without a doubt that, SecurityPal has made a name for itself as an essential partner for companies navigating the complexity of cybersecurity.
Also Read: Company Analysis of Duolingo: A Thorough Evaluation of Its Language Learning System
Effects and Achievements
Since its initiation back in 2020, SecurityPal has made great achievements in the industry. As of now, SecurityPal has answered over 2 million security queries and 220 questionnaires within just seven days. This is testament of its ability to handle large volumes of compliance demands. SecurityPal has also been operating as a trustworthy partner for leading businesses such as Figma, OpenAI, MongoDB, and Airtable.
SecurityPal’s innovative approach has not only simplified sales processes for these companies, but also relieved them of time – consuming compliance responsibilities. As SecurityPal has reduced the length of security reviews from weeks to a few hours of companies, there is an increase in overall efficiency of the companies.
Financial Performance of SecurityPal
As of early 2025, SecurityPal has raised $21 million in Series A funding from renowned investors, such as Craft Ventures and Andreessen Horowitz. The company is currently valued at approximately $109 million due to its rapid development and market potential. With an expected yearly turnover of $19.7 million, SecurityPal is scalable and in good financial standing within its sector.
Related: Top 8 New AI Tools Revolutionizing Daily Work: Easier, Faster, and Smarter Than ChatGPT In 2025
Challenges
Despite its successes, SecurityPal continues to encounter the challenges associated with quickly growing businesses. The increasing complexity of cybersecurity regulations and shifting consumer expectations necessitate constant innovation and adaptability. Additionally, as the cybersecurity market gets more competitive, having a unique value offer will be essential for long-term growth.
Future Prospects
SecurityPal is in a strong position to expand in the future both domestically and abroad. The company plans to grow its operations through the newly opened Security Operations Command Center (SOCC) in Kathmandu in order to improve its service offerings and support the growth of local talent. As cybersecurity demands rise globally, especially in relation to AI technology, SecurityPal’s commitment to innovation positions the company for future success.
“If I retired, this is still the thing I would want to be doing, bringing Silicon Valley to Kathmandu.” – Pukar Hamal, CEO and Founder of SecurityPal
Conclusion
To sum up, SecurityPal has shown us how innovative startups can disrupt traditional processes while contributing to local economic growth. Because of it’s innovative approach, it was able to close sales with tech giants like OpenAI and Figma. Furthermore, SecurityPal continues to contribute to the creation of a more secure digital environment. As it expands and enhances its product range, SecurityPal is a shining example of innovation in Nepal’s budding tech sector.
