Bengaluru’s CloudSEK Raises $10M from US State Fund, First Indian Cybersecurity Firm to Achieve This Milestone
Bengaluru, India – CloudSEK, a leading Bengaluru-based cybersecurity company, has raised $10 million (around ₹90 crore) from Connecticut Innovations, the strategic venture capital arm of the US State of Connecticut. This historic investment makes CloudSEK the first Indian-origin cybersecurity firm to secure funding from a US state-backed venture fund.
This funding forms part of CloudSEK’s Series B round, following its earlier $19 million Series B1 funding. The Series B2 tranche comprises a mix of primary and secondary capital, bringing the company’s total fundraising to approximately $39 million to date. CloudSEK is now valued at nearly $200 million.
CloudSEK CEO Rahul Sasi said the investment marks a major milestone for both the company and the broader Indian cybersecurity ecosystem.
"We have raised $10 million from Connecticut Innovations. Becoming the first Indian-origin cybersecurity company to receive backing from a US state fund is a proud achievement for CloudSEK and the Indian cybersecurity sector," Sasi said.
The funds will be used to expand CloudSEK’s presence in the US and create high-paying jobs. The company currently has a five-member team in the US, which will grow to 15 by March and around 20 within the next 12–18 months. CloudSEK serves 20 clients in the US and aims to increase this number to 200 within a year.
About CloudSEK
Foundeid n 2015 by cybersecurity researcher-turned-entrepreneur Rahul Sasi, CloudSEK has grown from a research-first initiative to a trusted global cyber threat intelligence platform. The company serves over 300 enterprises across BFSI, healthcare, technology, and government sectors.
Currently, CloudSEK employs around 250 professionals across its markets, with plans to expand to 300 employees by March 2026, including 200 members in India.
US Investor Perspective
Alison Malloy, Managing Director of Investments at Connecticut Innovations, praised CloudSEK’s innovation in predictive threat intelligence.
"CloudSEK stood out at our 2025 VentureClash India pitch event as an innovative cybersecurity provider serving hundreds of businesses worldwide. We are excited to support their growth as they establish a US hub," Malloy said.
This funding highlights the rise of Indian cybersecurity innovation on the global stage and positions CloudSEK for accelerated growth in the US market.
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