NEW DELHI, India — Bengaluru-based cybersecurity firm CloudSEK has raised $10 million, or about Rs 90 crore, from Connecticut Innovations, the strategic venture capital arm of the U.S. state of Connecticut, marking a first for an Indian-origin cybersecurity company.
With the investment, CloudSEK becomes the first Indian-founded cybersecurity firm to receive backing from a U.S. state-backed venture fund, a milestone for both the company and India’s broader cybersecurity ecosystem.
The funding is part of CloudSEK’s Series B2 round and completes its overall Series B fundraising. The company had earlier raised $19 million in its Series B1 round, taking total capital raised to about $39 million so far, at an enterprise valuation close to $200 million.
CloudSEK co-founder and Chief Executive Officer Rahul Sasi said the investment reinforces the company’s global expansion plans and signals growing international confidence in Indian cybersecurity innovation.
He said the funding from Connecticut Innovations is significant not only for CloudSEK but also for the wider Indian cybersecurity industry.
Sasi said the fresh capital will be used to expand CloudSEK’s presence in the United States and to create high-end, well-paying jobs. The company currently has a five-member team in the U.S. and plans to scale that to 15 by March and to about 20 employees over the next 12 to 18 months.
CloudSEK currently serves around 20 clients in the U.S. and is targeting an expansion to 200 customers over the next year.
Founded in 2015 as a research-focused initiative, CloudSEK has evolved into a global cyber threat intelligence platform. The company now serves more than 300 enterprises across sectors including banking and finance, healthcare, technology, and government.
CloudSEK employs about 250 people globally and plans to increase its workforce to 300 by March, including a 200-member team in India.
Welcoming CloudSEK to its portfolio, Connecticut Innovations said it looks forward to supporting the company as it builds and scales its U.S. operations. (Source: IANS)
