Cloud Security Company ParaBlu Receives $500,000 Investment

June 27, 2016
Cloud Security Company ParaBlu Receives $500,000 Investment
Cloud security company Parablu, Inc. (ParaBlu) has received $500,000 funding from Bangalore-based investment company, Kalaari Capital. ParaBlu, which has headquarters in California, United States, is a startup operation. The company bills itself as “fanatically focused on cloud security” and specializes in helping companies ensure “privacy, confidentiality and security of their digital assets” regardless of whether they are housed in a public, private or a hybrid cloud. The company’s latest round of investment was provided by Kalaari Capital’s ‘Kstart’ accelerator program.

Kalaari Capital provides funding for a range of industries including consumer internet services, and the healthcare, education, mobile and retail sectors. The company manages $650 million in funds. Its Kstart offshoot bills itself as wanting to work with “amazing entrepreneurs who have disruptive ideas and dream of building the next generation of game-changing companies”.

“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,” explained Kalaari Capital’s Managing Director, Vani Kola.

Do you know of any other industry players that have received fresh investment? Let us know the details. Add your comments below.

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