TAC InfoSec Subsidiary CyberScope Begins Nasdaq IPO Process

TAC InfoSec Limited, a leading NSE-listed cybersecurity company, today announced that the Board of Directors of its subsidiary CyberScope Web3 Security Inc. (CyberScope), incorporated in the Cayman Islands, has approved the proposal to initiate the process of filing a confidential Draft Registration Statement (DRS) on Form F-1 with the U.S. Securities and Exchange Commission (SEC), in connection with a proposed Initial Public Offering (IPO) in the United States.

CyberScope plans to submit its Draft Registration Statement in the coming weeks. If successful, the listing would take place on the Nasdaq Capital Market, subject to regulatory approvals and market conditions. The timing, size, and pricing of the offering will be finalised following SEC review.

Expanding Global Footprint

This development underscores TAC InfoSec’s ambition to strengthen its global presence and capitalise on the fast-growing demand for blockchain and decentralised security solutions.

Founded by Trishneet Arora and listed on the National Stock Exchange of India in 2024, TAC InfoSec has rapidly established itself as a global leader in vulnerability management, with a client base spanning more than 3,000 organisations in 100 countries. Its customer roster features globally recognised names such as Adobe, Microsoft, Salesforce, Nissan Motors, and the United Nations’ Food and Agriculture Organization.

“This is a truly historic milestone, not only for TAC InfoSec but also for India’s wider technology and cybersecurity landscape. By embarking on the path towards a Nasdaq listing, CyberScope is taking a bold step that elevates its vision and innovation to the global arena. This move symbolises far more than a financial or strategic decision; it reflects our unwavering commitment to building a trusted, future-ready, and world-class cybersecurity enterprise that can stand shoulder to shoulder with the best in the world. It is a moment that reinforces India’s growing stature as a hub of technological excellence and positions us at the forefront of safeguarding the digital economy on a global scale.”, said Trishneet Arora, Founder and CEO, TAC Security. 

The company has accelerated its expansion in recent years. In 2024, TAC became one of the first cybersecurity firms worldwide to achieve ISO 17025 certification, enhancing its credibility in global testing and compliance. Its flagship ESOF platform has been further strengthened, while partnerships with Google’s CASA and MASA programmes have positioned TAC as a preferred security assessor. Strategic acquisitions in Europe and the United States — including blockchain auditor CyberScope and government IT contractor CyberSandia — have extended its foothold into the Web3 ecosystem and the U.S. government cybersecurity market.

CyberScope: Driving Web3 Security Innovation

CyberScope represents TAC’s strategic bet on the next wave of cybersecurity and blockchain risk management. The subsidiary specialises in smart contract audits, decentralised finance (DeFi) protocols, token compliance, and blockchain risk intelligence.

Earlier this year, CyberScope filed a U.S. patent for an AI-driven trust scoring platform that integrates on-chain, off-chain, and market data to evaluate blockchain projects in real time — a system it believes could reshape investor protection and regulatory oversight of digital assets.

Top-Tier Advisors Appointed

In preparation for the IPO, CyberScope has appointed globally reputed advisors and auditors, including:

• Winston & Strawn LLP – U.S. Legal Counsel

• Appleby (Cayman) Ltd. – Cayman Islands Legal Counsel

• Maxim Group LLC – Financial Reporting Advisor

• Suri & Co., Chartered Accountants – PCAOB-registered Auditors

IPO Outlook and Market Potential

The IPO would place TAC InfoSec among a select group of Indian technology firms leveraging U.S. capital markets through international subsidiaries. The global Web3 security market is projected to exceed USD 20 billion, driven by the rapid rise of decentralised finance, tokenised assets, and digital infrastructure.

With this backdrop, TAC InfoSec has publicly set its sights on becoming the world’s largest vulnerability management company by 2026, targeting more than 10,000 enterprise customers worldwide.