CloudSEK Secures $19 Million in New Funding Round
CloudSEK, a prominent cybersecurity platform, has successfully completed its Series A2 and B1 funding rounds, raising a total of $19 million (approximately Rs. 162.3 crore). This funding round attracted participation from both Indian and US-based investors, with the company highlighting the continued support of existing backers alongside new investors. The funds will primarily be allocated towards enhancing CloudSEK’s artificial intelligence (AI) models and integrating advanced technology into its platform.
Global Participation in Funding Round
In a recent press release, CloudSEK announced the successful completion of its combined Series A2 and B1 funding rounds. While the company did not disclose the lead investor, it confirmed participation from notable investors such as MassMutual Ventures, Inflexor Ventures, Prana Ventures, and Tenacity Ventures. Additionally, strategic investors like Commvault joined the funding round. Existing investors, including the Meeran Family (founders of Eastern Group), StartupXSeed, Neon Fund, and Exfinity Ventures, have retained their stakes in the company, indicating strong confidence in its future.
This latest funding round comes four years after CloudSEK’s Series A round, which was also led by MassMutual Ventures. In 2021, the company raised $7 million (around Rs. 59.8 crore), following a pre-Series A round in 2018 that garnered $1.9 million (approximately Rs. 16.2 crore). The recent influx of capital is expected to drive product innovation and support CloudSEK’s global expansion efforts.
Focus on AI and Cybersecurity Innovation
CloudSEK plans to utilize the newly acquired funds to enhance its product offerings and expand its market reach. A significant portion of the investment will be directed towards scaling its AI models and integrating them into its existing platform. The company has developed an in-house predictive cybersecurity platform that specializes in threat detection and intelligence. Unlike traditional methods that react post-breach, CloudSEK’s technology aims to identify initial attack vectors (IAVs), which are early indicators of potential breaches. These indicators may include leaked credentials, exposed application programming interfaces (APIs), or compromised vendors.
Rahul Sasi, Co-Founder and CEO of CloudSEK, emphasized the company’s growth trajectory, stating, “Today, over 60 percent of our net new revenue comes from international markets, with the US emerging as our fastest-growing region. We’ve achieved this scale while staying cash flow positive.” This focus on proactive threat detection positions CloudSEK as a leader in the cybersecurity landscape.
Company Background and Clientele
Founded in 2015 by cybersecurity researcher Rahul Sasi, CloudSEK has rapidly established itself as a key player in the cybersecurity sector. The company boasts a diverse clientele, serving over 250 enterprises across various industries, including banking, healthcare, technology, and the public sector. This extensive reach underscores CloudSEK’s commitment to providing cutting-edge cybersecurity solutions tailored to the needs of its clients.
As the demand for robust cybersecurity measures continues to rise, CloudSEK’s innovative approach and strategic funding will likely enhance its capabilities and market presence. The company’s focus on AI-driven solutions positions it well to address the evolving challenges in the cybersecurity landscape, ensuring that it remains at the forefront of the industry.
Observer Voice is the one stop site for National, International news, Sports, Editor’s Choice, Art/culture contents, Quotes and much more. We also cover historical contents. Historical contents includes World History, Indian History, and what happened today. The website also covers Entertainment across the India and World.
