The startup’s AI-based cyber threat management merchandise XVigil utilizes real-time information for the prevention and detection of cyber threats. It’s presently employed by fintech and e-commerce businesses the likes of which include things like HDFC and Federal Bank among others.
“Being a product-only company our revenues are generated primarily through permit sales. This investment for us is a vote of confidence from a few of those distinguished architects of the Indian IT Industry. We plan to use the funds to create the present products and expand our presence in India in addition to SouthEast Asia,” explained Sourabh Issar, the CEO, CloudSEK.
Venture Capital finance Exfinity ventures led by Infosys founders Balakrishnan V and Mohandas Pai is investing in CloudSEK from its next fund of Rs.300 crore. This leaves CloudSEK the very first bet for Exfinity from the cybersecurity area. The investment makes CloudSEK one of the few Indian cyber safety startups who has captured the eyes of VCs that are taking a look at privacy investments as danger climbs.
“Cyber-security distance retains immense potential in India together with the rising frequency of high profile electronic security infractions. CloudSEK has managed to increase the business opportunity in the electronic security industry,” said Shailesh Ghorpade, Managing Partner and CIO of both Exfinity Ventures.
CloudSEK was seed funded in 2015 by Meeran Foundation the investment arm of Kochi established Eastern Group. The business was established by Rahul Sasi in 2015 with its headquarter in Singapore and also an operational center in Bengaluru.