SecurityPal, a startup providing security services for major tech companies like OpenAI and Figma, has taken a bold step by establishing a new tech hub in Kathmandu, Nepal. The hub, referred to as “Silicon Peaks,” is part of the company’s vision to make Kathmandu a leading destination for tech innovation and talent. This marks a significant moment in Nepal’s emerging tech landscape, attracting attention for its potential to create jobs, drive innovation, and strengthen the country’s role in the global tech ecosystem.
Vision Behind Silicon Peaks
At the forefront of this ambitious initiative is Pukar Hamal, the CEO of SecurityPal. He envisions turning Kathmandu into a full-fledged tech hub that can compete on the global stage. The company is actively hiring full-time employees in Nepal, offering competitive salaries and growth opportunities to local talent. This initiative reflects SecurityPal’s confidence in Nepal’s potential to become a tech powerhouse, especially with its growing pool of talented professionals.
The Kathmandu tech hub is not just about job creation but also about innovation. The hub will serve as a center for AI-driven security operations, leveraging advanced technology to provide top-tier services for its clients. SecurityPal is dedicated to offering employees a platform where they can work on cutting-edge projects and grow professionally, contributing to Nepal’s digital transformation.
For more information on tech startups in Nepal, check out Business Insider.
What Does SecurityPal Do?
SecurityPal’s primary mission is to assist tech companies in navigating the complex security questionnaire process. This involves working with companies such as OpenAI and Figma to handle tedious but crucial security protocols that ensure their operations are compliant with industry standards. These security questionnaires are essential for tech vendors to demonstrate their security measures to potential buyers.
By combining AI algorithms and a team of skilled security analysts, SecurityPal offers highly accurate and efficient responses to security queries. The company has created a repository of over 2 million question-and-answer pairs, allowing it to provide precise, AI-driven solutions tailored to its clients’ needs. This service is particularly valuable to companies looking to streamline their sales processes by providing clear and detailed security information to prospective buyers.
For more insights into SecurityPal’s role in the tech space, read Forbes Middle East’s coverage.
Growth and Expansion
SecurityPal has experienced remarkable growth since its inception. The company has achieved a valuation of $105 million and generates over $10 million in revenue. With a client base ranging from 200 to 300 companies annually, SecurityPal has quickly become a go-to solution for some of the world’s leading tech firms. Its clients include well-known names like Langchain and Cursor, in addition to OpenAI and Figma.
SecurityPal’s commitment to efficiency is evident in its impressive 90% questionnaire completion rate, with a 24-hour turnaround for most security queries. This combination of speed and accuracy sets the company apart from its competitors, making it a valuable asset for clients looking to complete security assessments quickly.
Learn more about how SecurityPal is helping companies succeed in the tech space by reading Business Insights Daily.
Kathmandu Command Center
The Kathmandu command center has been an integral part of SecurityPal’s operations since 2023. The center employs nearly 200 workers and operates on a 24/7 basis, offering round-the-clock security services to clients around the world. This center, located in the heart of Kathmandu, is the backbone of SecurityPal’s global security operations, showcasing the company’s belief in the city’s potential as a major tech hub.
With the establishment of Silicon Peaks, SecurityPal aims to double its workforce and expand its capabilities, further integrating AI with human expertise to revolutionize security operations.
Pukar Hamal’s Journey
Pukar Hamal, the visionary CEO of SecurityPal, brings a wealth of experience to the table. With a background in international relations from Stanford, Hamal has always been passionate about leveraging technology to solve real-world problems. Prior to founding SecurityPal, he launched Teamable, a talent-matching platform that was successfully acquired in 2020.
Hamal’s vision for Kathmandu as a tech hub is driven by his desire to contribute to Nepal’s growth story and provide opportunities for talented professionals in the region. His leadership has been instrumental in SecurityPal’s rapid ascent, and his commitment to making Kathmandu a global tech destination is unwavering.
For a deeper look into Hamal’s background, visit Best of AI.
The Future of Silicon Peaks
SecurityPal’s establishment of Silicon Peaks is expected to have a transformative impact on the local economy and the global perception of Nepal’s tech industry. By providing cutting-edge security services to major tech companies and fostering a culture of innovation, Silicon Peaks is set to become a beacon for other startups and tech enterprises in the region.
As the global demand for AI-driven security solutions continues to grow, SecurityPal is well-positioned to lead the charge from its new base in Nepal. This development also signals the beginning of Kathmandu’s rise as a tech hub, capable of attracting international attention and investment.
Explore related articles on the rise of tech hubs in Nepal at The Informed Gazette.
For more interesting articles click here.
