BluSapphire is a SaaS cybersecurity platform founded by Kiranvangaveti .- VC firm Dallas Venture Capital, Binny Bansal-backed xto10x, RPG Ventures & Merisis Venture Partners participated in the funding round.
- ValueBridge Capital was the sole advisor for this transaction
Full-stack cybersecurity platform BluSapphire Cyber Systems said Thursday it has raised $9.2 million in a Series A funding round led by Barings Private Equity.
The round also saw participation from VC firm Dallas Venture Capital, Binny Bansal-backed xto10x, RPG Ventures & Merisis Venture Partners. ValueBridge Capital was the sole advisor for this transaction, the company said.
BluSapphire, a Gartner Cool Vendor, is a SaaS cybersecurity platform founded by
“Building resilience against advanced cyber-attacks is key to business survival. BluSapphire works with this vision. The capital will help us continue to build and expand our SaaS platform rapidly
The full-stack AI and predictive analytics platform enables customers to prevent advanced cyber-attacks in cloud, on-premises and hybrid work environments.
“BluSapphire provides a full-stack cybersecurity platform that helps automate cybersecurity activities. The efficiency provided by their platform can reduce SOC’s operating costs by nearly 70% with advanced detection and response times. The product has received strong validation from renowned defense and corporate clients and has won several awards,” said Arul Mehra, partner of Barings Private Equity India.
ALSO SEE:
KKR Acquires Digital Services Transformation Company Ness Digital Engineering
Q2 Corporate Earnings Report: Banks Perform Well, Moderate Growth in FMCG, Auto