BluSapphire secures $9.2 mn in Series A funding to build and grow its SaaS platform

• ByStartupStory     |    October 28, 2022

BluSapphire Cyber Systems, a cyber security platform, has received $9.2 million in Series A investment from Barings Private Equity India. Dallas Venture Capital, Binny Bansal-backed xto10x, RPG Ventures, and Merisis Venture Partners also participated in the deal.

 BluSapphire is a cybersecurity SaaS platform that fills an industry vacuum in security operations and visibility by preventing sophisticated cyberattacks across cloud, on-premises, and hybrid work environments. The platform, founded by Kiran Vangaveti, a 25-year cyber specialist and ex-CISO of hedge fund Goliath Tudor Investments, fills an industry vacuum in security operations and visibility. Clients may use the full-stack AI and predictive analytics platform to avoid sophisticated cyberattacks across cloud, on-premises, and hybrid work environments.

Kiran Vangaveti, Founder & CEO, BluSapphire Cyber Systems stated, “Building resilience against sophisticated cyber-attacks is the key to business survival. BluSapphire operates with this vision. The capital will help us continue to build and grow our SaaS platform rapidly across North America and India.”

Arul Mehra, a Partner, at Barings Private Equity India, commented, “BluSapphire offers a full stack cybersecurity platform, which helps automate cybersecurity operations. The product has strong validation from reputed defense and corporate sector clients and it has won various awards. We are privileged to partner with them in this growth journey.”

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