Cybersecurity startup Cloudsek raises $19 million in funding led by Tenacity Ventures, Commvault
Predictive cybersecurity Cloudsek has raised $19 million in a fresh funding round led by Tenacity Ventures and Commvault. Others participating in the round include Inflexor Ventures, MassMutual Ventures and Prana Ventures, along with some strategic investors.
Founded in 2015 by Rahul Sasi, Cloudsek uses its artificial intelligence (AI)-backed stack with 18 applications to predict and mitigate cyber threats.
The startup will use the capital for product innovation, global expansion and doubling down on existing international markets like the US, UAE and Asia Pacific, cofounder and CEO Rahul Sasi told ET."Today, most of the cyber threats originate from human beings. In the next few years, they will be orchestrated and planned by AI. So, humans would need smarter solutions to defend against them," Sasi said.Cloudsek's technology identifies initial attack vectors, such as leaked credentials, exposed APIs or compromised vendors, as opposed to tools that respond after a cyberattack incident. "Our version of threat intelligence is predictive, not forensic," he explained.
The startup has over 250 customers, including Fortune 500 companies, across banking, healthcare, technology and the public sector. It has so far raised $30 million. "Today, over 60% of our net new revenue comes from international markets, with the US emerging as our fastest-growing region. We have achieved this scale while staying cash flow positive," Sasi said, adding that Cloudsek is growing 70% year-on-year.
It also uses an AI-backed command centre, Nexus, trained on open source data and streamlines it in one place. Through this platform, security teams can access and analyse intelligence in real time and identify attack patterns and vulnerabilities across their digital ecosystem.The AI platform, trained via large language models and multi-language models, also provides cyber risk quantification through which companies can assess potential financial losses and regulatory impacts.Sasi said the rise of cybercrime is related to geopolitical tensions as well. "There are wars happening right now. You will see every time the economy goes down, cybercrime goes up," he said.
He added that the preventive cybersecurity market was earlier dominated by American or Israeli companies, however, India has now come to play a significant role in it.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
an hour ago
- Mint
The global economy is powering through a historic increase in tariffs
The global economy is sailing through this year's historic increase in tariffs, displaying an unexpected trait: resilience. Faced with extreme uncertainty, businesses and households have surprised economists with their ability to hedge, finding a short-term path through as they await clarity on where tariffs will end up. Global producers brought forward purchases and rerouted goods destined for the U.S. through third-party countries that are subject to lower tariffs. For the most part, households and businesses have continued to spend and invest despite the uncertainty, analysts say. The world economy grew at a 2.4% annual rate in the first half of this year, around its longer-term trend, according to JPMorgan. Trade volumes are buoyant, stock markets on both sides of the Atlantic have rebounded to record highs and growth forecasts from Europe to Asia are being raised. Investment, manufacturing employment, spending and overall activity all held up globally, according to Goldman Sachs. 'What people have gotten wrong is the chaotic behavior [of trade policy] and the hedging that has introduced," said Marcus Noland, executive vice president at the Peterson Institute for International Economics in Washington, D.C. In part, businesses are benefiting from reflexes learned and changes made during the Covid-19 pandemic, such as bulletproofing their supply chains, which compressed margins at the time, but is now paying off. Governments from the U.S. to Germany are also spending lavishly, helping to support confidence. Some businesses may be building up inventory now in the expectation that tariffs will be higher in the future, said Angel Talavera, an economist at Oxford Economics. 'It seems that the uncertainty is weighing less on economic activity than we thought," Isabel Schnabel, who sits on the European Central Bank's six-member executive board, said in an interview published in recent days on the central bank's website. The political backlash against globalization that accelerated roughly 10 years ago has also long persuaded many international businesses to rely more on local production to serve their main export markets. Many say the tariffs have underlined the importance of such plans. EBM Papst, a German manufacturer of fans with around €2.5 billion of annual revenue, equivalent to around $2.9 billion, is planning to build a third factory in the U.S. and is considering whether that factory should have an extension, said Chief Executive Officer Klaus Geissdoerfer. The company expects double-digit revenue growth in the U.S. for years to come, partly due to the construction of data centers supporting the artificial-intelligence boom. Some American customers have asked the company to localize more production in the U.S. to replace suppliers from Asia who are facing higher U.S. tariffs, Geissdoerfer said. 'That would help us to grow 20-30% on top in the U.S.," he said. World merchandise trade volumes beat expectations in the first three months of this year, rising by 5.3% from a year earlier, powered by a surge in imports to North America, the World Trade Organization said in a recent report. The WTO increased its forecast for trade in goods this year to 0.1% growth, having previously forecast a 0.2% decline. In Europe, the manufacturing industry has continued to improve in recent months, with forward-looking indicators for new orders, new export orders and future output all rising to three-year highs. 'This suggests that we're seeing more than just frontloading," said the ECB's Schnabel. Production in the continent's critical auto sector seems to be holding up well even though it is subject to a 25% tariff and exports to the U.S. have softened, said Adrian Prettejohn, an economist at Capital Economics. 'We expect that the previous stockpiling of goods and the impact of tariffs [will] weigh on eurozone exports, but it is not clear that there will be as dramatic a fall as may have been expected," Prettejohn said. Even in China, President Trump's chief antagonist on trade, the tariff tumult of the past few months hasn't been as damaging as feared. Chinese exports to the U.S. were about 10% lower in the first five months of the year than the same period a year earlier as tariffs bit into direct trade between the two economic superpowers. But, over the same period, overall exports grew 6%, Chinese customs data show, helped by rising shipments to Asia, Europe and Africa. Chinese exports to countries including Vietnam, Thailand and Mexico have been especially strong. Economists say that likely reflects some degree of rerouting of Chinese exports through those countries and on to the U.S. In the first four months of 2025, U.S. imports from Southeast Asia were up 28% year over year, Census Bureau figures show. U.S. imports from Asia overall increased by 10% in the first five months of the year from a year earlier, to $582 billion, despite declining trade with China. In the U.S. itself, households' net worth remains high by historical standards as a share of disposable income, potentially allowing consumers to continue spending despite higher prices, Susan Collins, president of the Federal Reserve Bank of Boston, said in a speech Tuesday. This resilience has allowed some exporters to the U.S. to pass part of the costs of tariffs on to their customers. Retailers of Parmigiano-Reggiano, the Parmesan cheese produced in a designated area of northern Italy, increased prices in the U.S. to around $43 to $45 per kilogram from $42 this year, partly offsetting an additional 10% tariff applied since April. Sales have continued to surge in the U.S., rising by 9% in the first four months of this year, in line with previous months. 'Tariffs may eventually reduce the number of people that are able to afford [the cheese], but we haven't seen that yet," said Nicola Bertinelli, president of the Parmigiano Reggiano Consortium. Cheese importers managed to offset part of the impact by importing more inventory before the tariffs kicked in. Sales of Parmesan have continued to surge in the U.S. despite higher prices following President Trump's tariffs. The cheese's producers recently stepped up their sales efforts in the U.S., sponsoring this year's Miami Open tennis tournament and unveiling a partnership with the New York Jets football team. U.S. imports from Europe surged by 37% in the first five months of the year from a year earlier, to $421 billion, with moderate growth continuing in April and May, according to Census Bureau data. Elevated profit margins at U.S. businesses suggest that they are able to bear some of the increased costs from tariffs, the Boston Fed's Collins said. 'As a result, the adverse impact of tariffs on labor market conditions and economic growth may be more limited," she said. To be sure, some of the strength in trade could unwind as firms slow their purchases in the coming months as payback for earlier hefty orders to beat the U.S. tariffs, economists say. The global economic shrug also seems to have emboldened the Trump administration to press for even higher tariffs. And some economists say it is possible the shock will come with a delay. 'Probably, people did expect more immediate effects," said the Peterson Institute's Noland. Brexit, which didn't cause the British economy to seize up when it happened but had a negative cumulative effect over time, could be a good analogy, Noland said. The level of tariffs also matters. A 10% uniform levy on all U.S. imports might have a negligible economic effect, whereas rates of 30% or 50% could be much more problematic, Noland said. European Commission President Ursula von der Leyen warned recently that such levels could cause trade between the European Union and the U.S. to freeze. Write to Tom Fairless at
&w=3840&q=100)
First Post
an hour ago
- First Post
FirstUp: Philippines' Marcos Jr to meet Trump in US, UK's F-35B jet to fly out of Kerala... The headlines today
Philippine President Ferdinand Marcos Jr is in Washington DC and will meet his American counterpart, Donald Trump, today in a bid to secure a more favourable trade deal. The UK's F-35B Lightning fighter jet, which was stranded in Kerala for more than a month, is likely to fly back home. Bangladesh will observe a one-day mourning following the crash of an air force training aircraft in a school in Dhaka's Diabari area read more President of the Philippines Ferdinand Marcos (left), and US President Donald Trump (right) are likely to meet. File image/AP It is set to be a busy Tuesday with several events lined up for the day. Firstly, Philippine President Ferdinand Marcos Jr is set to meet US President Donald Trump today, hoping to secure a more favourable trade deal. Meanwhile, the British Royal Navy F-35B Lightning fighter jet is likely to fly back home after being stranded in Kerala's Thiruvananthapuram International Airport for nearly a month. Bangladesh will observe a one-day mourning after an air force training aircraft crashed in a school in Dhaka on July 21. Federal Reserve Chair Jerome Powell is scheduled to speak during a banking conference in Washington, DC, today. STORY CONTINUES BELOW THIS AD The UK government will begin enforcing the first phase of immigration reforms from today. The UEFA Women's EURO 2025 semi-finals will witness the first match between England and Italy in Geneva today. Here is all that is set to take place throughout the day. Philippines' president to meet Trump President of the Philippines Ferdinand Marcos will meet US President Donald Trump in Washington today to secure a more favourable trade deal before the August 1 deadline. 'I expect our discussions to focus on security and defence, of course, but also on trade,' Marcos said in a speech before leaving Manila. Marcos will be the first Southeast Asian leader to meet Trump in his second term. Trump has already struck trade deals with two of Manila's regional partners, Vietnam and Indonesia, driving tough bargains in trade talks even with close allies that Washington needs to keep onside in its strategic rivalry with China. F-35B fighter to fly out of Kerala The British Royal Navy F-35 fighter jet that is parked in Kerala's Thiruvananthapuram will fly back home today. The aircraft made an emergency landing at the airport over a month ago and has been parked here since then. According to airport sources, the repair works of the jet, part of the UK's most advanced stealth fleet, were completed. 'It is being brought out of the hangar now. The jet will be brought to our bay, and it will fly back on Tuesday,' a source said. F-35 fighter jet has parked in Kerala's Thiruvananthapuram International Airport for nearly a month. File image/PTI Known to be one of the most advanced fighter aircraft in the world and worth over $110 million, the jet has remained grounded at the international airport here since June 14 after it developed a technical snag, reported news agency PTI. Bangladesh govt declares 1-day mourning for crash victims The Bangladesh government has declared a one-day state mourning after the tragic crash of a Bangladesh Air Force training aircraft into a school in Dhaka just a day earlier. STORY CONTINUES BELOW THIS AD As part of the mourning, the national flag will be flown at half-mast on all government, semi-government, and autonomous institutions, as well as educational institutions across the country. The flag will also remain at half-mast at all government and private buildings, including Bangladesh missions abroad. Throughout the country, all religious institutions will hold special prayers for the victims of the accident, both those who perished and those who sustained injuries. Jerome Powell to speak in Washington US Federal Reserve Chair Jerome Powell is scheduled to speak at a conference in Washington, DC, today. Powell will be speaking at the 'Integrated Review of the Capital Framework for Large Banks Conference,' which is being hosted by the Federal Reserve. The event will be a hybrid one, allowing for both in-person attendance at the Federal Reserve's Martin Building and a livestream for remote viewing. This speaking engagement comes at a time of heightened scrutiny and political tension as President Donald Trump has repeatedly and publicly criticised the Fed for its monetary policy decisions. US Federal Reserve Chair Jerome Powell. File image/AP The conference itself is focused on the capital framework for large banks, a crucial area of financial regulation and stability. Following Powell's opening, Federal Reserve Vice Chair for Supervision Michelle Bowman is also scheduled to moderate a discussion on 'Innovation' at the same conference later in the day. STORY CONTINUES BELOW THIS AD UK new visa rules to be implemented The first phase of the immigration reforms will take place today as new visa rules will be enforced in the United Kingdom. This is a part of the wider immigration policy agenda titled 'Restoring control over the immigration system'. To reduce net migration, new measures will narrow the list of jobs eligible for sponsorship and prohibit overseas hiring in the care sector. The white paper, released on May 12, indicates the government's strategic objective of increasing the difficulty of relocating to and establishing residency in the UK. While this document does not constitute an alteration to immigration law per se, several of its outlined proposals are presently being operationalised through modifications to existing immigration regulations. UEFA Women's Euro semi finals Defending champions England are set to face a resurgent Italy in the UEFA Women's Euro 2025 semi-final at Stade de Genève in Geneva. Kick-off is set for 8 pm BST (12 am IST), with both teams aiming to book a place in the final on July 27. England's path to the semi-final has been dramatic and hard-fought. After recovering from an opening loss to France, the Lionesses bounced back with dominant group-stage wins over the Netherlands and Wales. Their quarter-final clash against Sweden was a test of resilience. With inputs from agencies
India Today
an hour ago
- India Today
Detained for months: Why China is blocking a US official from leaving
The US government has accused China of preventing one of its employees from leaving the country, in a case that is deepening tensions between Washington and man, a US Patent and Trademark Office employee, was visiting China in a personal capacity when authorities blocked his departure, reportedly after discovering he hadn't disclosed his government job on his visa application. The US Patent and Trademark Office is part of the federal Department of are tracking this case very closely and are engaged with Chinese officials to resolve the situation as quickly as possible,' a State Department spokesperson said Monday. Though his name hasn't been made public, reports suggest the Commerce Department worker had travelled to see family months ago. The Washington Post on Sunday reported that the issue arose when Chinese authorities found he hadn't listed his US government employment on his visa application. The New York Times added that questioning focused more on his past military service than his current patent office New York Times further reported that the man disclosed to Chinese authorities that he had held an entry-level position at a nuclear institute in China, pursued graduate studies in engineering at a university in Puerto Rico, and had worked on Black Hawk helicopter maintenance during his time in the US Army. The case became so sensitive that a senior US diplomat and a diplomatic security officer travelled to Chengdu to meet with him. During the May 1 visit, the diplomat noted the Commerce employee was under 'heavy surveillance.'Beijing has long used exit bans against both Chinese and foreign nationals — sometimes tied to legal disputes, regulatory enforcement and criminal investigations. Analysts say the tactic is at times used to crack down on local dissent and also as diplomatic leverage in disputes with other case isn't isolated. Chenyue Mao, a US citizen and Wells Fargo banker, has also been blocked from leaving China. China's foreign ministry said Monday she was cooperating in a criminal case. Wells Fargo has since suspended all employee travel to move to restrict the American employee comes at a delicate moment for US-China relations, as President Trump wages an aggressive trade war against Beijing. During a visit to Malaysia earlier this month, Marco Rubio remarked that 'the odds are high' Trump and Xi will meet later this year.- EndsWith inputs from ReutersMust Watch
