CEO Pukar Hamal's startup, SecurityPal, addresses a critical operational challenge faced by many top tech firms, such as Airtable and OpenAI. The company streamlines the tedious process of security questionnaire compliance, essential for large corporations to ensure adherence to regulations and data privacy laws. Typically involving hundreds of questions covering data handling and security measures, these questionnaires require significant resources and time. SecurityPal, leveraging a combination of AI and a dedicated team of 180 analysts in Kathmandu's 'Silicon Peaks, ' has reduced turnaround times for these extensive questionnaires to as little as 24 hours. Once a client signs up, analysts build a comprehensive Knowledge Library to ensure they can efficiently handle inquiries, assisted by AI tools that allow quick access to data and best practices. In just over four years, SecurityPal has answered two million questions, experiencing significant growth.

The startup's estimated revenue has tripled in two years to over $10 million, and it recently achieved a $105 million valuation following a $21 million Series A funding round. Unlike typical outsourcing models, Hamal aims to foster a tech ecosystem in Nepal by hiring full-time staff at competitive salaries, offering above-market compensation and benefits. Born in Nepal, Hamal's journey included time in the U. S. , where he gained experience in tech before founding SecurityPal in 2020. The company's rapid success stems from a commitment to quality and a hybrid approach that combines AI automation with human expertise, positioning itself uniquely in an evolving market with emerging competitors. SecurityPal is not only focused on scaling its operations but also on nurturing the local talent pool, working with educational institutions to develop relevant skills for future security analysts. The company’s proactive intelligence and dedication to human judgment in delivering compliance solutions highlight its role in supporting tech advancements while building a robust startup community in Nepal.