CloudSEK, a Bengaluru based cybersecurity firm has raised $10 million from Connecticut Innovations (CI), the venture capital arm of the State of Connecticut as part of its Series B2 round.
The company has become the first Indian-origin cybersecurity company to receive funding from a US state-backed venture fund. It previously raised $19 million in its Series B1 round and has now concluded the Series B round with this B2 tranche, comprising a mix of primary and secondary capital.
“Becoming the first Indian-origin cybersecurity company to receive backing from a U.S. state fund is a milestone for CloudSEK, as well as for the entire Indian cybersecurity ecosystem,” said Rahul Sasi, CloudSEK co-founder and CEO.
From left: Kyle Pond, VP – Sales, Americas, CloudSEK; Nivya Ravi, AVP – Partnerships, US, CloudSEK; Rahul Sasi, Co-founder and CEO, CloudSEK; Alison Malloy, MD, Connecticut Innovations; Danny Qiao, Venture Investor, Connecticut Innovations; Matthew McCooe, CEO, Connecticut Innovations
CloudSEK bagged this funding after it emerged as a top startup at VentureClash, Connecticut Innovations’ global investment pitch competition.
“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.
Founded in 2015 and now headquartered in Singapore, CloudSEK is serving more than 300 enterprises across the BFSI, healthcare, technology, and government sectors.
CloudSEK will leverage this investment to accelerate its expansion in the US, with plans to establish its regional hub for operations, talent, and partnerships in Connecticut. The company is preparing to onboard strategic local talent and build deep collaborations with corporate partners, universities, and research ecosystems across the state.
The funding from CI will enable CloudSEK to recruit high-quality cybersecurity and AI talent from the region, establish partnerships with local academic and research institutions, build its US regional headquarters in Connecticut and drive region-specific cybersecurity research and innovation.
Prior to this round, CloudSEK’s Series B1 was led by US-based strategic investor Commvault, with participation from MassMutual Ventures, Inflexor Ventures, Prana Ventures, and Tenacity Ventures. Early investors include Meeran Family (Eastern Group), StartupXSeed, Neon Fund, and Exfinity Ventures.
