Full-stack cybersecurity platform BluSapphire Cyber Methods has raised $9.2 million as a part of its Sequence A spherical.
The spherical was led by Barings Non-public Fairness India with participation from cross border VC agency Dallas Enterprise Capital, RPG Ventures and Merisis Enterprise Companions, Binny Bansal backed . ValueBridge Capital was the only advisor for this transaction.
“BluSapphire provides a full stack cybersecurity platform, which helps automate cybersecurity operations. The efficiencies provided by their platform can scale back SOC working bills by near 70% with innovative detection and response occasions,” stated Arul Mehra, Companion, Barings Non-public Fairness India.
“The product has robust validation from reputed defence and company sector purchasers and it has received varied awards. We’re privileged to accomplice with them on this progress journey,” he added.
The funds will assist the startup proceed to construct and develop the SaaS platform quickly throughout North America and India.
Talking on the fundraise, Kiran Vangaveti, Founder & CEO, BluSapphire Cyber Methods, stated, “Constructing resilience towards subtle cyber-attacks is the important thing to enterprise survival. BluSapphire operates with this imaginative and prescient. We’re grateful for the continued belief positioned in us by our loyal companions and purchasers, who’ve enabled our progress.”
Hyderabard-based, based by Kiran Vangaveti, a Gartner Cool Vendor, in 2014, is a hyper progress cybersecurity SaaS platform. The total stack AI and predictive analytics platform empowers prospects to forestall subtle cyberattacks throughout cloud, on-prem and hybrid work environments.
Shyam Penumaka, Companion at Dallas Enterprise Capital, stated, “We’re very impressed by BluSapphire’s Unified Platform’s capabilities which transcend XDR, which embrace risk detection and prevention in a proactive method. BluSapphire has acquired a reputed buyer portfolio and has additionally constructed a powerful listing of companions, together with main MSSPs each in India and the USA.
“DVC is happy to accomplice with BluSapphire to speed up their success in India and the USA by our proprietary DVC Benefit program”, he added.