CloudSEK Becomes First Indian Cybersecurity Firm to Secure US State Fund Investment
CloudSEK has secured $10 million from Connecticut Innovations, becoming the first Indian cybersecurity firm to receive US state fund investment. The funding values the company at $200 million and completes its Series B round, bringing total fundraising to $39 million. The company plans aggressive US expansion, targeting 200 clients and 20 employees within 12-18 months while maintaining its global workforce of 300 employees.
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Bengaluru-based cybersecurity company CloudSEK has achieved a significant milestone by securing $10 million (approximately ₹90.00 crores) from Connecticut Innovations, the strategic venture capital arm of the State of Connecticut. This investment marks CloudSEK as the first Indian-origin cybersecurity company to receive funding from a US state-backed venture fund, representing a breakthrough moment for the Indian cybersecurity sector.
Funding Details and Valuation
The latest funding round represents the completion of CloudSEK's Series B funding, specifically the B2 tranche, which comprises a mix of primary and secondary capital. The company had previously raised $19.00 million in its Series B1 round.
| Financial Metrics: | Amount |
|---|---|
| Latest Funding: | $10.00 million (₹90.00 crores) |
| Enterprise Valuation: | $200.00 million |
| Total Funds Raised: | $39.00 million |
| Previous Series B1: | $19.00 million |
Strategic US Expansion Plans
CloudSEK co-founder and CEO Rahul Sasi emphasized that the investment will fuel the company's global expansion strategy, particularly in the United States market. The funds will be strategically deployed to establish a stronger US presence and create high-value employment opportunities.
Team Growth Strategy
| Expansion Timeline: | Team Size |
|---|---|
| Current US Team: | 5 employees |
| Target by March: | 15 employees |
| Target in 12-18 months: | 20 employees |
| Global Team (Current): | 250 employees |
| Global Target by March: | 300 employees |
| India Team Target: | 200 employees |
Sasi highlighted that these positions will be high-paying roles designed to attract top-tier talent in the cybersecurity domain.
Market Presence and Client Base
The company currently serves 20 clients in the US market and has set an ambitious target to expand this customer base to 200 clients over the next 12 months. CloudSEK's broader client portfolio includes more than 300 enterprises across multiple sectors including BFSI, healthcare, technology, and government.
Company Background
Founded in 2015 by cybersecurity researcher-turned-entrepreneur Rahul Sasi, CloudSEK has transformed from a research-focused initiative into a globally recognized cyber threat intelligence platform. The predictive cyber threat intelligence firm specializes in providing cybersecurity solutions to enterprises worldwide.
Investment Significance
Alison Malloy, Managing Director of Investments at Connecticut Innovations, noted that CloudSEK distinguished itself at the firm's 2025 VentureClash India pitch event as an innovative provider of cybersecurity and predictive threat capabilities. The investment represents Connecticut Innovations' confidence in CloudSEK's technology platform and growth potential in the US market.
This funding milestone not only amplifies CloudSEK's global trajectory but also symbolizes the growing recognition of Indian cybersecurity innovation on the international stage, potentially paving the way for other Indian cybersecurity firms to attract similar strategic investments from US institutional investors.
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