CloudSEK, a cybersecurity company founded in Bengaluru, India, has raised $10 million in funding from Connecticut Innovations (CI), the venture capital arm of the State of Connecticut. This investment marks a significant milestone, as CloudSEK becomes the first Indian-origin cybersecurity company to receive backing from a US state-backed fund. The capital is part of the company’s Series B2 round, following its earlier Series B1 raise of $19 million.
Strategic Investment and Series B2 Funding
The Series B2 tranche includes a combination of primary and secondary capital, strengthening CloudSEK’s financial base for expansion and innovation. Rahul Sasi, co-founder and CEO of CloudSEK, emphasized the importance of this achievement, noting that it is a milestone not only for the company but for the broader Indian cybersecurity ecosystem. The funding comes after CloudSEK emerged as a top startup at VentureClash, Connecticut Innovations’ global investment pitch competition.
Expanding Footprint in the United States
CloudSEK plans to leverage its partnership with Connecticut Innovations to establish a stronger presence in the United States. “With Connecticut as our US anchor, we are committed to creating jobs, investing in localised research, and strengthening cyber resilience in the Western world,” said Sasi. The firm sees the US market as a critical hub for expanding its cybersecurity solutions, particularly across financial, healthcare, and government sectors.
Company Overview and Market Presence
Founded in 2015, CloudSEK has grown steadily and now operates its headquarters out of Singapore while maintaining strong ties to its Indian origins. The company serves over 300 enterprises worldwide, spanning banking, financial services, insurance (BFSI), healthcare, technology, and government organizations. Its platform provides proactive cybersecurity solutions that help organizations detect and mitigate digital threats before they escalate into critical incidents.
Leadership and Collaboration
The investment deal was highlighted by the presence of key executives from both CloudSEK and Connecticut Innovations. Among those attending were Kyle Pond, VP of Sales, Americas, and Nivya Ravi, AVP of Partnerships, US, representing CloudSEK, alongside Alison Malloy, MD, and Danny Qiao, Venture Investor from CI. Rahul Sasi and Matthew McCooe, CEO of Connecticut Innovations, also played central roles in formalizing the strategic collaboration.
Significance for Indian Cybersecurity Ecosystem
CloudSEK’s funding is seen as a landmark moment for Indian cybersecurity startups seeking international investment. The support from a state-backed US fund not only validates the company’s technology but also highlights the growing recognition of Indian cybersecurity talent on the global stage. Analysts suggest that such partnerships can accelerate knowledge exchange, research initiatives, and innovation in digital threat detection across continents.
Future Plans and Vision
With this infusion of capital, CloudSEK aims to enhance its platform, expand operations in the US and other international markets, and strengthen its workforce. The company is also expected to increase investments in localized research to address evolving cybersecurity challenges. By building a global footprint while maintaining deep technical expertise, CloudSEK seeks to position itself as a key player in the worldwide cybersecurity ecosystem.
CloudSEK’s $10 million Series B2 funding round underscores the company’s growth trajectory and its potential to shape the future of cybersecurity. Becoming the first Indian-origin cybersecurity firm to receive backing from a US state-backed fund highlights both the quality of its solutions and the increasing global relevance of Indian tech startups. With strong leadership, a growing client base, and international support, CloudSEK is poised for accelerated expansion in the years ahead.