CloudSEK Secures $10 Million from Connecticut Innovations, Boosts US Expansion

• Cybersecurity firm CloudSEK raised $10 million from Connecticut Innovations, the strategic venture capital arm of the State of Connecticut.
• This investment marks CloudSEK as the first Indian-origin cybersecurity company to receive backing from a US state fund.
• CloudSEK plans to use the funds to create jobs in the US, expanding its team from 5 to 15 by March and to 20 within 12-18 months.
• The company aims to grow its US client base from 20 to 200 over the next 12 months.
• CloudSEK's enterprise valuation is close to $200 million, with total funding reaching $39 million to date.

Why It Matters: CloudSEK's $10M funding from Connecticut Innovations fuels its US expansion and highlights Indian cybersecurity innovation.