The Silicon Review ^Asia

CloudSEK, the AI based cybersecurity startup, has raised $2.5 million in pre-series A funding to evolve its flagship product, Xvigil. Founded by Rahul Sasi, a cybersecurity expert, CloudSEK will utilise the funds to boost its business expansion across India and South East Asia. Some of its major investors include StartupXseed Ventures, ME Meeran trust,Exfinity Ventures, and V. Balakrishnan, the former board member of Infosys.

Since its inception in 2015, the firm has successfully made its mark in the financial, transportation and e-commerce sector, and now, it is looking forward to establish itself as the preferred solution among the petrochemicals, pharmaceuticals and retail industry. CloudSEK works with the aim to help organisations build a risk-free cybersecurity ecosystem with timely, specific and actionable intelligence. Its clientele includes major players in the e-commerce and technology sector like Bank Bazaar, HDFC Bank, Federal Bank, Go-Jek, Grab Taxi, etc.

Jatin Desai, General Partner of IDFC-Parampara Fund, pointed out that CloudSEK’ssolutions could now make it easier to scan and monitor the dark web, deep web and surface web threats with their AI and ML based deep technology infrastructure.The cybersecurity tools provided by CloudSEK are capable of bringing about a new phase of digital revolution for India.

There has been an increasing urgency in the demand of cybersecurity solutions that has doubled the firm’s revenues in the past four months.SourabhIssar, CloudSEK CEO, added, “This vote of confidence from IDFC Parampara is a welcome validation of this momentum and acceleration that we have been witnessing.”