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CloudSEK, an AI-driven startup specializing in cyber threat prediction and intelligence, has raised $19 million (approximately INR 162 crore) in its Series A2 and B1 funding rounds.
The funding attracted a diverse group of investors from India and the US, including MassMutual Ventures, Inflexor Ventures, Prana Ventures, Tenacity Ventures, and strategic investor Commvault.
Existing investors such as Meeran Family, StartupXSeed, Neon Fund, and Exfinity Ventures also reaffirmed their support. According to co-founder and CEO Rahul Sasi, the startup’s post-money valuation has surged fivefold to $120 million (around INR 1,000 crore) since the previous funding round, with a pre-money valuation set at $100 million (approximately INR 855 crore).
Sasi mentioned that some early investors are expected to partially sell their stakes in a secondary sale soon. The company intends to use the new funds to enhance product innovation and expand globally, particularly by improving its AI models and platform integrations.
In the current digital landscape, businesses face cyber threats from various sources including the surface web, deep web, dark web, and internet-exposed infrastructure.
To combat these issues, Rahul Sasi established CloudSEK in 2015, a company that assists businesses in monitoring their systems and digital infrastructures while predicting cyber threats through its SaaS platform and AI-driven technology.
Unlike conventional cybersecurity solutions, this startup based in Singapore and Bengaluru claims to detect initial attack vectors (IAVs), which are the first indicators of a potential breach, such as leaked credentials and exposed APIs.
‘We created CloudSEK to foresee the initial attack vector and prevent threats before they become news,’ Sasi stated. The international market has become the primary source of revenue for the startup, generating approximately 60% of its net revenue from abroad.
‘Currently, over 60% of our net new revenue is derived from international markets, with the US being our fastest-growing area,’ Sasi noted. He also mentioned that CloudSEK has achieved a year-on-year doubling of its annual recurring revenue (ARR) to $10 million for the financial year ending March 31, 2025 (FY25) at a group level.
In 2021, the startup secured $7 million in a Series A funding round led by MassMutual Ventures to support its global expansion. At that time, CloudSEK indicated that it would utilize the funds to enhance its sales and marketing initiatives across Asia-Pacific, the Middle East, and North America. CloudSEK competes with established cybersecurity firms like TAC Securities, Astra Security, and WhizHack, aiming to capture a portion of the global cybersecurity market, which is expected to reach $562.72 billion by 2032.
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