Artificial Intelligence-based Digital Risk Management and cybersecurity platform provider CloudSEK has raised further funding from IDFC Parampara. Founded in 2015 by renowned cybersecurity expert Rahul Sasi, the company had raised US$2.5 million in pre-series A, till date.
Currently, it has investors like Exfinity Ventures, former Infosys board member V Balakrishnan, StartupXseed Ventures (who recently exited their Cybersecurity investment, ShieldSquare), and ME Meeran trust.
CloudSEK will leverage the freshly raised funds to evolve its product Xvigil. Furthermore, it will also use the funds to expand its footprints in India and Southeast Asia. After establishing itself as a preferred cybersecurity solution in the financial, e-commerce and transportation sector, CloudSEK now plans to target the pharmaceuticals, petrochemicals and retail industry. Axis Bank, Federal Bank, NPCI, OLAM, L&T, Go-Jek, HDFC Bank, and Bank Bazaar are in CloudSEK’s client list.
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