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Cybersecurity startup CloudSEK raises $7 million in Series A funding, to accelerate global expansion
Cybersecurity startup CloudSEK has raised $7 million in its Series A funding brining the total investment to $10 million for the firm.
Cybersecurity startup CloudSEK has raised $7 million in its Series A funding. This brings the total investment to $10 million for the cybersecurity startup. The current round of funding will be leveraged to accelerate sales and marketing efforts across Asia-Pacific, the Middle East, and North America.
The Series A funding, which was led by MassMutual Ventures, a multistage global venture capital firm investing in financial technology also saw participation from Omidyar Network India, 100X Entrepreneur, individual investors Firoz Meeran and Navas Meeran (Eastern Group), and CRED founder Kunal Naresh Shah’s QED Innovation Labs, as well as additional investments from pre-Series A investors Exfinity Venture Partners, IDFC Parampara, and Aaruha Technology Fund.
The company said it will also ramp up its research and development to combat the increasingly sophisticated global threat landscape. “Our technology focus is to predict cyber-attacks, even before they occur, by leveraging our AI platform. To achieve this, we have assembled a world-class team of engineers, researchers, and cyber security experts. This approach has taken us from 6 customers to 100+ customers, and we aim to acquire another 300 customers in the next 2 years,” said Rahul Sasi, Founder & Chairman, CloudSEK.
CloudSEK claims it employs unique data sets, proprietary ML models, and non-intrusive techniques to identify, analyze, and resolve cyber threats proactively. The company said it will use new funding to rapidly scale up this approach globally and quickly expand to new markets.
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The company claimed CloudSEK employs unique data sets, proprietary ML models, and non-intrusive techniques to identify, analyze, and resolve cyber threats proactively. Given the growing complexity of cyber-attacks, and their far-reaching impact, CloudSEK continuously evolves its flagship digital risk monitoring platform XVigil.
XVigil currently caters to organizations across verticals, including some of the world’s top banks, technology companies, healthcare organizations, and retail giants such as ICICI, NPCI, CRED, Sun Pharma, Reliance, Tokopedia, OLA cabs, and Decathlon.
CloudSEK has also recently launched the world’s first security search engine BeVigil, which allows users, developers, and researchers to evaluate the security of their applications.
“We have seen great results with our 'Remote First' go-to-market approach, which we refined and perfected during the pandemic. We intend to use the new funding to rapidly scale up this approach globally and quickly expand to new markets. The participation of all our investors, in the latest round, is a validation of our approach and direction,” said Sourabh Issar, CEO of CloudSEK”.
Singapore headquartered CloudSEK was founded in 2015, by cybersecurity expert Rahul Sasi, with the aim to construct a future where intelligent machines can emulate human cognition to predict cyber threats even before they occur.
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