CloudSEK, a Singapore-based artificial intelligence based digital risk management and cybersecurity platform provider, raised further funding from IDFC Parampara.
The company, which has raised $USD2.5M in pre-series A to date, intends to use the funds to evolve its product Xvigil, to expand its presence in India and South East Asia. Backers included Exfinity Ventures, former Infosys board member V Balakrishnan, StartupXseed Ventures (who recently exited their Cyber-security investment, ShieldSquare), ME Meeran trust.
Founded in 2015 by CTO Rahul Sasi and led by CEO Sourabh Issar, CloudSEK provides a X-Vigil, a SaaS-based cybersecurity platform powered by machine learning to give users timely, specific and actionable intelligence, thereby preventing digital security infractions.
After establishing itself as a preferred cybersecurity solution in the financial, e-commerce and transportation sector, CloudSEK now plans to target the pharmaceuticals, petrochemicals and retail industry.
Axis Bank, Federal Bank, NPCI, OLAM, L&T, Go-Jek, HDFC Bank, Bank Bazaar are in its client list.
The company has an operational center in Bengaluru, India.