Funding · Enterprise Software & IT
CloudSEK raises $10 Mn extended Series B
By Startup Enthusiast ·
- Date
- Company
- CloudSEK
- What it does
- AI-powered cybersecurity startup
- Kind
- Funding
- Amount
- $10 Mn
- Stage
- extended Series B
- Founded
- 2015
- Sector
- Enterprise Software & IT
What they do
CloudSEK helps businesses monitor systems and predict cyber threats using AI
What happened
It raised $10 Mn in an extended Series B round from Connecticut Innovations, a US state-backed fund
Why it matters
The company is the first Indian cybersecurity startup to get funding from a US state-backed fund
The details
- CloudSEK raised $10 Mn in an extended Series B round (B2 tranche).
- The round is a mix of primary (new shares) and secondary (existing shareholders selling) capital.
- Connecticut Innovations (CI), the venture capital arm of the US state of Connecticut, participated.
- CloudSEK claims it is the first Indian-origin cybersecurity company to get funding from a US state-backed fund.
- The funds will accelerate US expansion and establish a regional hub in Connecticut for operations and partnerships.
- CloudSEK will hire strategic local talent and build collaborations with local corporate partners and universities.
- The company wrapped up its broader Series B round with this B2 tranche.
The bigger picture
- The fundraise comes amid a healthy spurt in cybersecurity investment driven by the rise of AI.
- AI enables attackers to deploy automated sophisticated threats like deepfakes and smarter phishing.
- Investor interest is growing as enterprises spend more on protecting systems and digital infrastructure.
- The global cybersecurity market is projected to become a $562.72 Bn opportunity by 2032.
About the business
- CloudSEK is a cybersecurity startup founded in 2015 by Rahul Sasi.
- It helps businesses monitor systems and digital infrastructure to predict cyber threats.
- The platform helps enterprises detect and stop cyber threats in advance across areas like digital risk, attack surfaces, and supply chains.
- Its product identifies initial attack vectors (IAVs) — the earliest signs of a potential breach.
- IAVs include leaked credentials and exposed APIs (application programming interfaces).
- CloudSEK serves more than 300 companies across BFSI (banking, financial services, insurance), healthcare, and technology.
What happens next
- Accelerate US expansion and establish a regional hub in Connecticut.
- Hire strategic local talent and build collaborations with local corporate partners and universities.
The deal
- Type
- extended Series B
Investors
- Connecticut Innovations (participated) — Venture capital arm of the US state of Connecticut.
Founders
- Rahul Sasi, Founder and CEO
About CloudSEK
- Product
- An AI-powered cyber threat prediction and intelligence platform.
- Customers
- Enterprises across banking, healthcare, technology, and the public sector.
- How it makes money
- It sells cybersecurity software and intelligence services to organizations that need threat detection and resilience.
- What sets it apart
- It focuses on predicting threats before incidents, using contextual AI and model integrations.
- Operations
- The company plans to expand in the US and establish a regional hub in Connecticut.
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