Pros
They have raised multiple funding rounds from credible sources. For example, $5M from John Chambers (former Cisco CEO) in 2018.
The Indian Wire
+2
The Economic Times
+2
Later raised ~$7M led by MS&AD Ventures.
Techcircle
+3
Business Standard
+3
The Economic Times
+3
They have Fortune-500 / large enterprise clients, both in India and globally
Cons
Competition
Cybersecurity is a crowded field. Big global players (Palo Alto Networks, CrowdStrike, FireEye etc.), large consultancies also provide similar risk assessments, audits or services. Standing out is hard.
Also, clients (especially large ones) may go with established incumbents for perceived reliability.
Talent gap & scaling engineering / operations
While Lucideus addresses talent shortage via training, maintaining high quality security talent is hard. Scaling across geographies requires culture, process, and technical consistency.
Also, security tools require constant updates, threat intelligence, etc. The R&D burden is high.