Tuesday, July 23, 2024
HomeStart UpCloud security startup Arch0 raises $1.25 million in funding 

Cloud security startup Arch0 raises $1.25 million in funding 

Arch0, a cloud security startup, secured $1.25 million in a pre-seed funding round led by Leo Capital, an early-stage venture capital firm. Other investors like Village Global, Indian Silicon Valley Capital, Appreciate Capital, and Supermorpheus participated in the round.

The startup plans to use the funding to expand its core team and further develop the use of AI in cloud security operations.

“While building cloud security solutions and helping clients in our previous company with implementing cloud security, we encountered multiple problems and complexities involved in it. Later, we decided that there needed to be an easier way to go and solve this, and that’s when we decided to start building Arch0,” said Nithin Jois, CEO, and cofounder of Arch0.

Established in 2022 by Jois and Tilak Thimmappa, Arch0 serves mid-sized enterprises and companies by overseeing cloud security operations. Focusing mainly on the US market, the startup generates most of its sales there and maintains a development team in Bangalore.

Although it currently provides its platform free of charge, Arch0 intends to adopt a subscription-based model in the future, possibly monthly or yearly.

“If you look at the cloud cybersecurity market, it was probably around $10 billion a few years back, and it is expected to double in another couple of years. With the emergence of newer technologies, the complexities of (cybersecurity) attacks are also increasing, and there is a growing demand for automation. Overall, we will see a lot of action in this space,” Dinesh Singh, a partner at Leo Capital, said. 

Leo Capital, recognized for investing in technology-centric startups, has funded around 55 startups across pre-seed, seed, and pre-Series A rounds. Their cheque sizes typically range from $0.5 million to $3 million.

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