Cy­ber­se­cu­rity start-up CloudSEK raises ₹14 crore

Plans ex­pan­sion in In­dia and South-East Asia

The Hindu Business Line - - IT & TELECOM -

CloudSEK, a SaaS-based in­for­ma­tion se­cu­rity risk man­age­ment start-up, has raised ₹14 crore in its pre-se­ries A in­vest­ment led by Exfin­ity Ven­ture Partners and Star­tupXseed.

CloudSEK will use the funds to de­velop its flag­ship prod­uct XVigil, a uni­fied risk man­age­ment plat­form, fur­ther and for ex­pand­ing its foot­print in In­dia and South­East Asia.

Af­ter es­tab­lish­ing it­self as a pre­ferred cy­ber se­cu­rity so­lu­tion in the fi­nan­cial, e-com­merce and trans­porta­tion sec­tor, CloudSEK now plans to tar­get the phar­ma­ceu­ti­cals, petro­chem­i­cals and re­tail in­dus­try.

“Cy­ber­se­cu­rity is a key risk for the fi­nan­cial ser­vices in­dus­try and CloudSEK has played a key role in mit­i­gat­ing some of the risks ex­pe­ri­enced in the fast-chang­ing dig­i­tal world,” said Navas Meeran, Chair­man, East­ern Group.

Be­ing a prod­uct-only or­gan­i­sa­tion, CloudSEK gen­er­ates most part of its revenue through li­cence sales.

The com­pany sees the in­vest­ment as a vote of con­fi­dence from some of the em­i­nent ar­chi­tects of the In­dian IT In­dus­try.

Vishal Gon­dal, CEO and founder, GOQii

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