CloudSEK, an information security risk management SaaS-based start-up, has raised Rs 14 Crores in its Pre-Series A investment led by Exfinity Venture Partners and StartupXseed.
The funding will be primarily used to promote their flagship product XVigil, a unified risk management platform. CloudSEK is also looking forward to expand its presence in India and South East Asia.
“Being a product-only organization, our revenues are primarily generated through license sales. This investment for us is a vote of confidence from some of the eminent architects of the Indian IT Industry. We plan to utilize the funds to develop the existing products and expand our presence in India as well as South East Asia,” said Sourabh Issar, CEO of the company.
The company is also venturing into pharmaceuticals, petrochemicals and retail industry after providing solutions in fields like financial, e-commerce and transportation sector.
Founded in 2015 by Rahul Sasi, it is headquartered in Singapore and an operational center in Bengaluru.