SUMMARY
Arch0 will deploy the fresh proceeds for hiring and improving its AI usage in cloud security
Founded in 2022, Arch0 is a cloud security platform that offers advanced detection and prevention of security challenges with minimal manual efforts
The company aims to make security a basic part of how businesses use the cloud, making it faster and easier to find and fix threats
Cloud security platform Arch0 has raised $1.25 Mn (around INR 10.4 Cr) in a pre-seed funding round led by Leo Capital.
The round also saw participation from Village Global, Indian Silicon Valley Capital, Appreciate Capital, SuperMorpheus and a host of angel investors.
Arch0 will deploy the fresh proceeds for hiring and improving its AI usage in cloud security.
Besides, the startup will use the capital to boost its marketing and educational initiatives.
Founded in 2022 by Nithin Jois and Tilak Thimmappa, Arch0 is a cloud security platform that offers advanced detection and prevention of security challenges with minimal manual efforts.
The company aims to make security a basic part of how businesses use the cloud, making it faster and easier to find and fix threats.
Ravi Srivastava, partner, Leo Capital said, “In the increasingly intricate world of cloud technology, enterprises deal with numerous emerging threats daily. With its AI-powered security solution and precision through real-time insights on threats, Arch0 is well-placed to become a distinct cloud security platform in the industry.”
The company aims to introduce enterprise-grade security to medium-sized enterprises (SMEs) managing sensitive data and navigating stringent regulations as its immediate goal.
For the longer term, its vision extends its plans to rapidly evolve its offerings to address the complex security challenges larger enterprises face.
The company counts the likes of Wiz (valuation: $10B) and Orca (valuation: $1.8B) among its competitors.
According to a report by Mckinsey, damages from cyberattacks are expected to amount to nearly $10.5 Tn annually by 2025 — a 300 percent increase from 2015.
It is pertinent to note that the cybersecurity space has seen multiple deals in the recent past.
Last year in December, Quantum-safe cybersecurity technology firm QNu Labs raised $6.5 Mn in its pre-Series A1 funding round led by Ashish Kacholia of Lucky Investments.
In November last year, Global cybersecurity solutions provider Sequretek secured $8 Mn in a Series A funding round led by Omidyar Network India, with participation from the Narottam Sekhsaria Family Office and Alteria Capital. The company has raised $5.5 Mn as equity and remaining as debt funding
