Kstart, a unique seed program by India’s leading VC firm Kalaari Capital, has invested $500,000 in
ParaBlu, a cloud security startup.
ParaBlu, founded by Anand Prahlad and Ananda Rao Ladi, provides intelligent Cloud Access Security Broker (CASB) enabled Cloud Security solutions for Enterprises enabling them to store business assets safely on the cloud.
Focused on preserving privacy, security and confidentiality of data, ParaBlu’s technology is pre-integrated with a range of cloud data management applications they’ve developed, which are designed to protect data that flows out of a company’s networks into the public cloud, thereby enabling easy adoption for enterprises.
“We’re very pleased to be a part of Kstart”, said Anand Prahlad, President & CEO, ParaBlu. “ParaBlu was founded with the singular vision of being the security vendor of choice for all enterprise data outside the firewall. The promise of that is already evident in our customer wins so far, and the investment from Kstart will help accelerate the realization of that vision. The experience and mentorship the Kstart team brings with them are without doubt among the best in the industry, and we’re excited to be able to take advantage of it,” added Prahlad who previously was MD & Head of McAfee’s India Center.
“Our solutions enable enterprises to become less dependent on in-house storage and adopt cloud with confidence. The association with Kstart will help us in expanding our product portfolio for global markets and I feel very excited about it” says Ananda Rao Ladi, EVP of Engineering and Support and ParaBlu.
“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” says Vani Kola, MD, Kalaari Capital.
ABOUT KSTART
Kstart, a Kalaari Capital initiative, is a unique seed program designed to empower next generation startups and accelerate disruptive ideas to become market-leading companies. Our singular focus with Kstart is to enable visionary founders to build game-changing businesses by combining all key factors necessary for startup success.
ABOUT PARABLU
ParaBlu is an award winning provider of CASB-enabled data management solution which helps enterprises feel secure taking their business to the cloud. ParaBlu’s Cloud Access Security Broker (CASB) enables easy adoption of the cloud. Enterprise business assets can be stored in the cloud while preserving privacy, security and confidentiality of data.
