CloudSEK has successfully raised $9.5 million over three funding rounds, with the latest being a Series A round in December 2021. The platform leverages AI to provide comprehensive digital risk management solutions, including cyber intelligence, brand monitoring, and attack surface monitoring.
Keep reading to explore the intricacies of CloudSEK's fundraising journey and the investors backing this innovative platform.
What Is CloudSEK?
CloudSEK, founded by Rahul Sasi, is an AI-powered digital risk management company. Established in Singapore and Bengaluru, the company specializes in cyber intelligence, brand monitoring, and attack surface monitoring.
With a team of 51-200 employees, CloudSEK offers comprehensive solutions to predict and mitigate cyber threats. Their services include infrastructure monitoring and supply chain intelligence.
CloudSEK's innovative approach has garnered trust from global enterprises and Fortune 500 companies, making it a leader in the cybersecurity industry.
How Much Funding Has CloudSEK Raised?
- Seed Round
- Amount Raised: $490,000
- Date: March 2015
- Lead Investors: Exfinity Venture Partners
- Motivation Behind the Round: To build the initial product, hire key team members, and validate the business model.
- Seed Round
- Amount Raised: $2,030,560
- Date: November 2018
- Lead Investors: IDFC, Parampara Capital, Exfinity Venture Partners, StartupXseed Ventures
- Motivation Behind the Round: For product development, market research, and initial scaling efforts.
- Series A Round
- Amount Raised: $7,000,000
- Date: December 2021
- Lead Investors: MassMutual Ventures, Omidyar Network
- Motivation Behind the Round: To accelerate sales and marketing efforts across Asia-Pacific, the Middle East, and North America, and to ramp up research and development efforts.
Total Amount Raised: $9,520,560
Current Valuation: (~estimated)
Key Investors
- MassMutual Ventures
- Details: MassMutual Ventures is the venture capital arm of Massachusetts Mutual Life Insurance Company. It focuses on early and growth-stage companies in North America, Europe, and Asia.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Socure, Insurify, LinkSquares
- Omidyar Network India
- Details: Omidyar Network India is an investment firm focused on social impact and innovation. It was established by eBay founder Pierre Omidyar.
- Investment Focus Areas: Education, financial inclusion, governance
- Notable Investments: 1mg, Aspiring Minds, Dailyhunt
- Exfinity Venture Partners
- Details: Exfinity Venture Partners is an early-stage technology fund that invests in B2B enterprise companies. It is led by IT industry veterans including V Balakrishnan and Mohandas Pai.
- Investment Focus Areas: B2B enterprise, technology, SaaS
- Notable Investments: IQLECT, GridRaster, Absentia
- IDFC Parampara
- Details: IDFC Parampara Early Stage Opportunities Fund invests in early-stage companies. It is part of IDFC Alternatives, a subsidiary of IDFC Limited.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Axio Biosolutions, Sigtuple, Stellapps
- StartupXseed Ventures
- Details: StartupXseed Ventures is a seed-stage venture capital firm. It is backed by former Infosys board members and focuses on deep-technology startups.
- Investment Focus Areas: Deep-tech, B2B, cybersecurity
- Notable Investments: ShieldSquare, Aarav Unmanned Systems, DarwinBox
What's Next for CloudSEK?
CloudSEK is poised to capitalize on the growing demand for advanced cybersecurity solutions. With plans to expand sales and marketing efforts across Asia-Pacific, the Middle East, and North America, the company aims to significantly increase its customer base. The enhancement of their flagship product, XVigil, and the development of BeVigil, a security search engine, are central to their strategy.
Future fundraising opportunities seem likely as CloudSEK continues to scale. The company’s aggressive growth plans and market expansion suggest potential for additional funding rounds. However, challenges such as combating sophisticated cyber threats and maintaining high customer satisfaction while scaling operations will be critical hurdles to overcome.
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