BluSapphire Cyber Systems, a platform for full-stack cybersecurity, has raised $9.2 million as part of its Series A funding. With participation from international VC firm Dallas Venture Capital, Binny Bansal-backed xto10x, RPG Ventures, and Merisis Venture Partners, Barings Private Equity India led the investment round. Only ValueBridge Capital served as the transaction’s advisor.
“Building resilience against sophisticated cyber-attacks is the key to business survival. BluSapphire operates with this vision. We are thankful for the continued trust placed in us by our loyal partners and clients, who have enabled our growth. The capital will help us continue to build and grow our SaaS platform rapidly across North America and India,” the founder and CEO of BluSapphire Cyber Systems, Kiran Vangaveti, stated.
“BluSapphire offers a full stack cybersecurity platform, which helps automate cybersecurity operations. The efficiencies offered by their platform can reduce SOC operating expenses by close to 70 percent with cutting edge detection and response times. 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,” said Arul Mehra, partner, Barings Private Equity India. Kiran Vangaveti founded the rapidly expanding cybersecurity SaaS platform BluSapphire. The platform fills a market vacuum in the area of security operations and visibility space. In the cloud, on-premises, and hybrid work settings, the full-stack AI and predictive analytics technology enables clients to stop complex cyberattacks.
