Cyber defence platform BluSapphire raises $9.2m

Cyber defence platform BluSapphire raises $9.2m

BluSapphire Cyber Systems, a unified advanced cyber defence platform, has reportedly raised $9.2m for its Series A funding round.

Barings Private Equity India led the investment, with commitments also coming from Dallas Venture Capital, RPG Ventures and Merisis Venture Partners, according to a report from Your Story.

With the funds, the CyberTech company plans to grow its presence across North America and India.

The CyberTech company claims to go beyond Extended detection and response and stylises itself as the only cybersecurity platform a company needs.

Its cloud native, unified platform boasts threat detection, response, remediation and protection services. Features include threat hunting, threat intel, anti-ransomware, predictive intelligence, behaviour analysis, and much more.

Its clients include EY, Hexaware, Coforge, HAI Group, Capiteq and many others.

Barings Private Equity India partner Arul Mehra told Your Story, “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% with cutting edge detection and response times,

“The product has strong validation from reputed defence and corporate sector clients and it has won various awards. We are privileged to partner with them in this growth journey.”

Earlier in the week, single-vendor secure access service edge (SASE) platform Versa Networks raised $120m in pre-IPO funding.

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