MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures and Commvault have given CloudSEK $19 million through their Series A2 and B1 fundings. Meeran Family, StartupXSeed, Neon Fund and Exfinity Ventures took part as well.
The money will be put towards upgrading AI models, adding new platform features and expanding in the United States which is growing most rapidly.
It has been almost three and a half years since the company last managed to raise funds in Bengaluru. Last time, MassMutual Ventures led a $7 million Series A round for the company.
In 2015, Rahul Sasi formed CloudSEK to provide predictive response to risks through the detections of compromised login information and exposed Application Programming Interfaces (APIs).
“We find leaks, exposed APIs and compromised vendors up to several weeks before they are involved in any attack, whereas traditional threat intelligence responds after the attack,” says the company. Essentially, we use predictive threat intelligence instead of reviewing past occurrences,” explained Sasi.
Key Highlights
- CloudSEK Raises $19M to Boost AI-Powered Threat Intelligence and Expand Globally
- Bengaluru-Based CloudSEK Eyes US Growth After Tripling ARR and Staying Cash Flow Positive
- CloudSEK Plans Series B2 Extension to Attract New Investors and Offer Early Exits
According to Sasi, more than 60 percent of LMC’s growth in revenue is generated from overseas and the US is the company’s quickest developing area. He specified that the firm has managed to grow so large without experiencing cash flow issues.
Currently, CloudSEK provides services to more than 250 organizations operating in banking, healthcare and technology and has increased its ARR by three times in the past 24 months.
The business is looking to continue its Series B1 funding round, calling it Series B2 and hopes to reach new investors and make it easier for early investors to step out partially.
