[Funding alert] Cyber security platform BluSapphire raises $9.2 mn in Series A funding

BluSapphire Cyber Systems’ full-stack cybersecurity platform has raised $9.2 million as part of its Series A round of funding. With participation from global VC firm Dallas Venture Capital, Binny Bansal-backed xto10x, RPG Ventures, and Merisis Venture Partners, the round was spearheaded by Barings Private Equity India.

Only ValueBridge Capital served as the transaction’s advisor, as per reported by The Economic Times.

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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.”

BluSapphire is a hyper-expanding cybersecurity SaaS platform and a Gartner Cool Vendor. BluSapphire, formerly known as G14 Solutions, was founded by Kiran Vangaveti and offers IT security services to several small and medium-sized businesses in highly regulated sectors like healthcare and finance.

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Arul Mehra, Partner, 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.”

“BluSapphire has acquired reputed customer portfolio and has also built an impressive list of partners, including leading MSSPs both in India and the USA. DVC is excited to partner with BluSapphire to accelerate their success in India and the USA through our proprietary DVC Advantage program,” stated Shyam Penumaka, Partner at Dallas Venture Capital.

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About BluSapphire

BluSapphrie evaluates, designs, and executes the technologies, rules, and practises that best safeguard your valuable sensitive data. In cloud, on-premises, and hybrid work settings, the full stack AI and predictive analytics technology enables clients to stop complex cyberattacks.