India’s leading venture capital firm Kalaari Capital’s seed program, Kstart, has recently invested $510k into cloud security startup ParaBlu. This funding will be used for both team expansion and marketing activities.
Kalaari Capital launched its Kstart program in February of 2016, allocating over $20 million for the program over the course of two years. ParaBlu marks Kstart’s fourth investment, following Affordplan, Active.ai, and Indee. Kstart plans to invest in over 40 startups over the next four years.
About ParaBlu:
Founded in 2011, California based ParaBlu provides an award winning Cloud Access Security Broker data solution, among other cloud security solutions. The company provides Blukrypt, a secured cloud gateway, BlueSync, for secured data transfer, as well as two versions of its BlueVault solution.
Blukrypt is a CASB that allows users to manage their security policy whether the are utilizing public or private cloud.
With BlueSync, users are allowed to establish somewhat of a “mini-cloud.” These mini clouds allow different teams to operate underneath an enterprises singular large cloud network.
BlueVault comes in two versions: one for endpoints and one for servers. BlueVault for servers has the ability to backup files and databases from Windows servers.
Comments:
Vani Kola, MD, Kalaari Capital: “As cloud usage continues to increase within enterprises, there is tremendous opportunity ahead for ParaBlu’s unique product.”
Anand Prahlad, President, ParaBlu: “ParaBlu was founded with the singular vision of being the security vendor of choice for all enterprise data outside the firewall.The promise of that is already evident in our customer wins so far, and the investment from Kstart will help accelerate the realization of that vision. The experience and mentorship the Kstart team brings with them are without doubt among the best in the industry, and we’re excited to be able to take advantage of it.”
Ananda Rao Ladi: “Our solutions enable enterprises to become less dependent on in-house storage and adopt cloud with confidence. The association with Kstart will help us in expanding our product portfolio for global markets.”
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