Cybersecurity startup Cloudsek raises $19 million in funding | Company Business News-OxBig News Network

Cybersecurity agency CloudSEK has raised $19 million throughout Series A2 and B1 funding rounds, the startup mentioned in an announcement on 20 May.

The newest spherical noticed participation from a mixture of India- and US-based traders, equivalent to MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures, and choose strategic traders, together with Commvault. Notably, Meeran Family (founders of Eastern Group), StartupXSeed, Neon Fund, and Exfinity Ventures, the assertion mentioned.

The firm is anticipated to announce a Series B2 spherical as an extension to the present B1. It plans to carry new traders on board and facilitate partial exits for a few of its early backers.

Founded in 2015 by cybersecurity researcher-turned-entrepreneur Rahul Sasi, CloudSEK was created with a mission to construct a safer digital future by proactively predicting and mitigating cyber threats.

“What started as a research-driven initiative has since developed into one of many trade’s most trusted risk intelligence platforms—serving 250+ enterprises throughout banking, healthcare, expertise, and the general public sector, the assertion mentioned.

Bengaluru-based firm

The Bengaluru-based firm beforehand raised $4.1 million and $7 million in 2023 and 2021, respectively, in line with knowledge from market intelligence platform Tracxn.

The newly-raised capital will gas CloudSEK’s continued product innovation and international growth, with a concentrate on advancing its AI fashions and platform integrations. Unlike conventional instruments that reply after an incident, CloudSEK identifies Initial Attack Vectors (IAVs)—the earliest indicators of a possible breach, equivalent to leaked credentials, uncovered APIs, or compromised distributors.

“We built CloudSEK to predict the initial attack vector and stop threats before they hit the headlines with the goal of preventing threats before they escalate.” mentioned Rahul Sasi, Co-founder & CEO of CloudSEK.

We constructed CloudSEK to foretell the preliminary assault vector and cease threats earlier than they hit the headlines with the objective of stopping threats earlier than they escalate.

CloudSEK serves greater than 250 purchasers throughout segments equivalent to banking, healthcare, expertise and the general public sector.

“With this funding and a strategic investor on board, CloudSEK is doubling down on its vision to make predictive threat intelligence a global cybersecurity standard for —empowering organizations to stay ahead of increasingly sophisticated threat actors,” the assertion mentioned.