Cybersecurity startup CloudSEK bags $7 million in funding led by MassMutual Ventures

This round, led by MassMutual Ventures, increases the total amount raised by CloudSEK to around $10 million.

The company specialises in threat monitoring and threat intelligence and has two products — BeVigil and XVigil. Both these products leverage the company’s AI engine scans through the Internet to find threats that may be relevant to its customers and alerts them so that they can take measures to protect themselves.

Rahul Sasi, founder and chairman at CloudSEK, says that the money will be used to scale its team of 100 engineers to evolve and refine its machine-learning capabilities as well as in increasing the marketing muscle outside of the country.

Currently, the company has been seeing around 40% of its business coming from outside the country, mostly through incoming leads from those who use the company’s free widget.

The funding will help CloudSEK focus more on building its marketing efforts in markets such as the US, Middle East, and Europe. These markets have generally been more lucrative for cybersecurity companies, as the awareness of cyber threats and the resultant spending there are higher.

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Sasi, who has been working on developing the machine-learning engine for the past few years, says that the demand for cybersecurity products has been on the rise in India as well, particularly through the pandemic. He talks about how pharma companies, which were not investing in threat monitoring, have now started putting money on products like XVigil.