Hamal, a Nepali-born U.S. citizen, aims to establish Kathmandu as a tech hub, dubbed 'Silicon Peaks,' by hiring full-time employees and offering competitive salaries. SecurityPal's workforce in Nepal has grown to 180 employees, with plans to expand further. The company integrates AI tools to enhance its services while maintaining human oversight to ensure accuracy. SecurityPal's success has inspired other startups to follow its model, and Hamal envisions a future where SecurityPal employees become founders of their own companies, contributing to the growth of the tech ecosystem in Nepal.
Key takeaways:
- SecurityPal, founded by Pukar Hamal, addresses the tedious process of completing security questionnaires for tech companies using a blend of AI and human expertise from its base in Kathmandu, Nepal.
- The company has grown rapidly, reaching a $105 million valuation and generating over $10 million in revenue, with major clients like Airtable, Figma, and OpenAI.
- SecurityPal employs 180 full-time staff in Nepal, offering above-market salaries and benefits, and aims to establish Kathmandu as a tech hub dubbed 'Silicon Peaks'.
- Despite the rise of AI tools, SecurityPal combines AI with human oversight to ensure accuracy and reliability, maintaining a competitive edge in the security questionnaire niche.