BluSapphire raises $9.2mn in Series A Funding from Dallas Venture Capital, Barings PE India

HYDERABAD, Oct 27th, 2022 – Full-stack cybersecurity platform BluSapphire Cyber Systemshas raised $9.2 million as part of its Series A round. The round was led by Barings PrivateEquity India with participation from cross border VC firm Dallas Venture Capital, xto10x, RPGVentures & Merisis Venture Partners.

Kiran Vangaveti, Founder & CEO, BluSapphire Cyber Systems stated, “Building resilienceagainst sophisticated cyber-attacks is the key to business survival. BluSapphire operates withthis vision. The capital will help us continue to build and grow our SaaS platform rapidlyacross North America and India.”

“BluSapphire has acquired reputed customer portfolio and has also built an impressive list ofpartners, including leading MSSPs both in India and the USA. DVC is excited to partner withBluSapphire to accelerate their success in India and the USA through our proprietary DVC Advantage program,” stated Shyam Penumaka, Partner at Dallas Venture Capital.

BluSapphire, a Gartner Cool Vendor, is a hyper growth cybersecurity SaaS platform. Startedby Kiran Vangaveti, 25 years experienced cyber professional and ex-CISO of hedgefund titan Tudor Investments, the platform solves the industry gap in security operations andvisibility space. The full stack AI and predictive analytics platform empowers clients toprevent sophisticated cyberattacks across cloud, on-prem and hybrid work environments.

Arul Mehra, Partner, Barings Private Equity India, commented, “BluSapphire offers a full stackcybersecurity platform, which helps automate cybersecurity operations. The product hasstrong validation from reputed defense and corporate sector clients and it has won variousawards. We are privileged to partner with them in this growth journey.

About Dallas Venture Capital

DVC is a Dallas TX, US and Hyderabad, India based venture capital firm investing in cloudinfrastructure, B2B SaaS, AI/ML, mobile, XR and other emerging technologies. In addition toproviding capital and financing needs, our investment philosophy centers around guidingbusiness development, product, and technology strategy for our portfolio companies throughthe ‘DVC Advantage’ program to achieve successful outcomes. Operating from both the USand India, DVC creates a bridge that connects two of the largest start-up ecosystems in theworld. DVC is co-founded by Dayakar Puskoor, a pioneering Dallas based venture capitalistwith a record of investments in 25+ companies and 9 exits to date, and Abidali Neemuchwala,the former CEO of Wipro Ltd.For more information on DVC, visit www.dallasvc.com

Contacts

Sujay Chebbi
sujay@dallasvc.com
pr@dallasvc.com