Cybersecurity start-up CloudSEK raises ₹14 crore
Plans expansion in India and South-East Asia
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