**CloudSEK Secures $10 Million Investment from Connecticut Innovations**
Bengaluru-based cybersecurity firm CloudSEK has successfully raised $10 million from Connecticut Innovations, the strategic venture capital arm of the State of Connecticut, USA. This investment marks a significant milestone, making CloudSEK the first Indian-origin cybersecurity company to receive funding from a US state-backed venture fund.
CloudSEK, which specializes in predictive cyber threat intelligence, had previously raised $19 million in its Series B1 funding round. With this latest investment, the company has completed its Series B funding round, which includes a combination of primary and secondary capital. The firm is now valued at nearly $200 million and has raised a total of approximately $39 million to date.
Co-founder and CEO Rahul Sasi expressed enthusiasm about the investment, stating, “This funding not only enhances our global trajectory but also signifies the growing prominence of Indian cybersecurity innovation on the international stage.” He emphasized that the backing from Connecticut Innovations is a landmark achievement for both CloudSEK and the broader Indian cybersecurity ecosystem.
The newly acquired funds will be utilized to create jobs in the US and expand CloudSEK’s presence in the region. Currently, the company has a five-member team in the US, which it plans to grow to 15 by March and eventually to around 20 within the next 12 to 18 months. Sasi noted that these positions will be high-paying and aimed at attracting top-tier talent.
CloudSEK currently serves 20 clients in the US and aims to increase that number to 200 over the next year. Founded in 2015 by cybersecurity researcher-turned-entrepreneur Rahul Sasi, CloudSEK has transformed from a research-focused initiative into a trusted cyber threat intelligence platform, catering to over 300 enterprises across various sectors, including banking, healthcare, technology, and government.
Alison Malloy, Managing Director of Investments at Connecticut Innovations, highlighted CloudSEK’s innovative approach to cybersecurity, stating, “We are excited to welcome CloudSEK to the CI portfolio and look forward to supporting their team as they establish their US hub.”
In conclusion, CloudSEK’s recent funding round not only underscores its growth potential but also reflects the increasing recognition of Indian cybersecurity solutions on a global scale.
**FAQ**
**What is CloudSEK?**
CloudSEK is a Bengaluru-based cybersecurity company specializing in predictive cyber threat intelligence, serving various sectors including banking, healthcare, and government.
