Kalaari Capital has invested around $500,000 (Rs. 3.4 crore) in cloud security startup ParaBlu. The investment is done under VC firm’s unique seed program – KStart.
KStart seed and incubation program was launched in February this year. This is the fourth investment under this program. A couple of months ago, it invested in three startups – Active.ai, Affordplan and Indee.
ParaBlu was founded by former Anand Prahlad and Anand Rao Ladi. While Prahlad is a former McAfee India managing director, Ladi was Mindtree’s senior vice president.
The company provides intelligent cloud access security. It is a broker enabled cloud security solutions for enterprises which helps them to store business assets safely on the cloud.
Parablu offers two solutions- BluVault for Enterprise Endpoint Backup and BluSync for Enterprise File Sync and Share (EFSS). The appliances will consist of ParaCloud for management and BluKrypt a cloud security broker to connect with the cloud.
It focuses on privacy, security and confidentiality of data. Its technology is pre-integrated with a range of cloud data management applications. They are designed to protect data that flows out of a company’s networks into the public cloud, thereby enabling easy adoption for enterprises.
The firm’s vision is to become the security vendor of choice for all enterprise data outside the firewall. Founded in 2015, the US-based company has office in Bangaluru.
Anand Rao Ladi, executive vice-president of engineering and support, Parablu, said,
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.
Vani Kola, managing director, 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.
Kalaari Capital was founded in 2006 by Vani Kola. It has assets worth around $650 million under management. It recently launched its $290 million third-fund. Yesterday, it announced 3 new appointments to strengthen its senior leadership.