CyberSecurity Platform BluSapphire Raises $9.2 Million In Fresh Funding
BluSapphire Cyber Systems, a full-stack cybersecurity platform, has raised $9.2 million as part of its Series A round led by Barings Private Equity India. The funding round also saw participation from cross-border VC firm Dallas Venture Capital, RPG Ventures, and Binny Bansal backed xto10x.
As per the startup, the raised funds will help it continue to build and grow the SaaS platform rapidly across North America and India.
BluSapphire Cyber Systems | Unified Cyber Defense Platform
Founded by Kiran Vangaveti, BluSapphire is a Hyderabad-based hyper-growth cybersecurity SaaS startup.
It offers a full-stack AI and predictive analytics platform empowering customers to prevent sophisticated cyberattacks across cloud, on-prem and hybrid work environments.
Speaking about the development, Kiran Vangaveti, Founder & CEO of BluSapphire Cyber Systems, said,
“Building resilience against sophisticated cyber-attacks is the key to business survival. BluSapphire operates with this vision. We are thankful for the continued trust placed in us by our loyal partners and clients, who have enabled our growth.”
Its managed security services help secure sensitive data and assets. Additionally, the startup has carefully prepared a selection of critical security controls and services methodology that effectively reduces risk and benefits customers.
The services offered by BluSapphire Cyber Systems include- Managed Services, providing continuous security, security assessment services including PEN testing, Vulnerability services, and web application assessment.
Commenting on the development, Shyam Penumaka, Partner at Dallas Venture Capital, said,
“We are very impressed by BluSapphire’s Unified Platform’s capabilities which go beyond XDR, which include threat detection and prevention in a proactive manner. BluSapphire has acquired a reputed customer portfolio and has also built an impressive list of partners, including leading MSSPs both in India and the USA.”
Shyam added that DVC is excited to partner with BluSapphire to accelerate its success in India and the USA through its proprietary DVC Advantage program.