Kalaari Capital has invested $500K in ParaBlu, a cloud security startup. The investment was done as a part of Kalaari Capital’s accelerator program Kstart.
Founded by Anand Prahlad and Ananda Rao Ladi, ParaBlu, provides intelligent Cloud Access Security Broker (CASB) enabled Cloud Security solutions for enterprises enabling them to store business assets.
ParaBlu is an award winning provider of CASB-enabled data management solution which helps enterprises feel secure taking their business to the cloud. It enables easy adoption of the cloud. Enterprise business assets can be stored in the cloud while preserving privacy, security and confidentiality of data.
Focused on preserving privacy, security and confidentiality of data, ParaBlu’s technology is pre-integrated with a range of cloud data management applications, which are designed to protect data that flows out of a company’s networks into the public cloud, thereby enabling easy adoption for enterprises.
Vani Kola, MD, Kalaari Capital said, “ParaBlu has a very strong team with deep understanding of the cloud security space. As cloud usage continues to increase within enterprises, there is tremendous opportunity ahead for ParaBlu’s unique product.”
Kstart is a seed program designed to empower next generation startups and accelerate disruptive ideas to become market-leading companies. The singular focus with Kstart is to enable visionary founders to build game-changing businesses by combining all key factors necessary for startup success.
Kstart has partnered with a set of distinguished leaders who will be called called Kstart catalysts to advise and guide the startups in their entrepreneurial journey. These catalysts include people like Rajan Anandan – VP & MD SE Asia & India Google, Varsha Rao – Head of Global Operations Airbnb, Ratan Tata – Chairman Emeritus, Tata Sons;Zia Mody– Managing Partner, AZB & Partners; Padmasree Warrior-CEO, NextEV Inc, USA; Muthiah V-Consultant, Spencer Stuart; Anil K. Gupta-Professor, University of Maryland and Meeta Malhotra, Former Partner, Ray + Keshavan. Kstart Catalysts will also be co-investors in the companies.
Prior to this, in May 2016, KStart invested $500K in fintech startup Active.ai and also invested in two more startups, Affordplan and Indee.
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