CloudSEK sees 5-fold jump in valuation in $19 million fundraise round

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CloudSEK sees 5-fold jump in valuation in $19 million fundraise round - Business Standard

Quick Summary:

Cybersecurity firm CloudSEK has raised USD 19 million in a fresh funding round from a clutch of investors at a five-fold increase in valuation to around USD 118 million (about Rs 1,000 crore) compared to its previous funding round, a top company official said.

CloudSEK Co-Founder and CEO Rahul Sasi told PTI that the company has raised fund after a period of three years, mainly to set up its operations in the United States.

"We have raised USD 19 million from some of the strategic investors after a period of about three years.