Cybersecurity Startup CloudSEK Raises $7M In Series A Funding
CloudSEK, an AI-based digital risk management and cybersecurity platform provider, has raised $7 million (~Rs 50 crores) in its Series A round led by MassMutual Ventures.
Existing investors Exfinity Venture Partners, IDFC Parampara, and StartupXseed Ventures, along with 100X Entrepreneur, Omidyar Network India, individual investors Firoz Meeran and Navas Meeran (Group Meeran), and CRED founder Kunal, Naresh Shah’s QED Innovation Labs, also participate in the funding round.
The startup plans to use the raised funds to accelerate CloudSEK’s sales and marketing efforts across Asia-Pacific, the Middle East, and North America. Additionally, the digital risk management and cybersecurity platform provider will also ramp up its research and development to combat the increasingly sophisticated global threat landscape.
CloudSEK | AI-powered Digital Risk Monitoring Platform
Founded by Rahul Sasi in 2015, CloudSEK leverages its AI platform to predict cyber-attacks, even before they occur. CloudSEK, with its flagship digital risk monitoring platform XVigil, currently caters to organizations across verticals, including some of the world’s top banks, healthcare organizations, technology companies, and retail giants such as ICICI, NPCI, Sun Pharma, Reliance, CRED, Tokopedia, OLA cabs, and Decathlon.
Speaking on the development, Sourabh Issar, CEO of CloudSEK, said,
“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.”
The digital risk management and cybersecurity platform provider 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.
BeVigil is currently free to use and has 10,000+ users and 400+ corporate accounts. As per the company, with significant community interest, the platform is adding 1000+ unique users per month.
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