Cybersecurity Startup BluSapphire Wins Big at Nasscom’s Emerge 50 Deep Tech Startup Awards 2023

BluSapphire Cyber Systems has been recognised as one of the top Indian deeptech startups for its ability to reduce SOC (security operations centre) costs by up to 70%

BluSapphire Cyber Systems, a hyper-growth cybersecurity SaaS startup that is empowering businesses with holistic and innovative solutions, has ranked among the prestigious “League of 10” at the Emerge 50 Deep Tech Start-up Awards 2023. Their achievement was recognised at the Nasscom Future Forge 2023 event in Bengaluru.

Commenting on the win, Kiran Vangaveti, Founder and CEO of BluSapphire, said, “We're excited to be named as winners alongside other innovative startups. We're honoured that our deep tech innovation has gained recognition for its impact on the cybersecurity landscape. We thank the Nasscom team for this award. It is a validation of the potential that our full-stack AI and predictive analytics platform has for all types of industry verticals and work environments.”

The Emerge 50 Deep Tech Start-up Awards are one of India's most esteemed awards, recognising and celebrating innovation within the realm of deep tech startups. Through this, Nasscom, the apex body for the Indian IT and BPM industries, recognises groundbreaking startups that are redefining the future of industries and societies worldwide. 

The winners of the Emerge 50 Awards are selected through a vote by prominent figures in the startup and PE-VC industry, and the awards serve to honour the entire spectrum of innovation within deep tech startups, contributing to a brighter, more sustainable, and technologically advanced world.

BluSapphire, a Gartner Cool Vendor, has been recognised for its rapid automated cyber attack detection and response platform. It has reduced SOC (security operations centre) costs by up to 70%, delivering faster value realisation.

Founded in 2017 by Kiran Vangaveti, the hyper-growth cybersecurity SaaS platform aims to solve the industry gap in security operations and visibility space. The full-stack AI and predictive analytics platform enables clients to prevent sophisticated cyberattacks across cloud, on-premise, and hybrid work environments. BluSapphire aims to revolutionise the cybersecurity landscape for mid enterprises with cutting-edge cyber products that provide the same calibre of cybersecurity defence as employed by large enterprises.

About BluSapphire

BluSapphire is an Industry-first, purpose-built, cloud-native, platform powered by AI and Big Data analytics. Along with technology, BluSapphire offers managed detection and response services enabling organisations to quickly transform their cybersecurity posture, resulting in faster time to value and allowing faster cyber breach detection and mitigation, thereby reducing the organisation’s overall business risk posture.

The startup was founded in 2017 by Kiran Vangaveti, a veteran of the cybersecurity domain with almost 25 years of experience. Observing that cybersecurity programmes always stayed counterproductive with negative ROI due to siloed technologies and/or service implementation with no automation lever, Vangaveti launched BluSapphire Cyber Systems, a hyper-growth cybersecurity SaaS platform and a Gartner Cool Vendor. Besides India, BluSapphire has a presence in the US and has expanded into the Gulf as well.

In 2022, BluSapphire Cyber Systems raised $9.2 million as part of its Series A round. The round was led by Barings Private Equity India, with participation from cross-border VC firm Dallas Venture Capital, Binny Bansal-backed xto1s0x, RPG Ventures, and Merisis Venture Partners.

Cybersecurity Platform BluSapphire in Expansion Mode, Unveils New Office in Hyderabad

Full-stack cybersecurity platform BluSapphire Cyber Systems has kickstarted its pan-India expansion by moving into a new office space in Madhapur, Hyderabad. This comes a few months after BluSapphire raised $9.2 million as part of its Series A round. The company is also ramping up efforts to expand its team, in contrast to the current trend of mass layoffs at tech firms.

The Hyderabad office of BluSapphire is 8500 square feet in size and is situated in Cyber Gateway, Hi-Tech City in Madhapur, Hyderabad. It can accommodate 120 employees. The huge scope of growth available in Hyderabad prompted BluSapphire to choose the city. Hyderabad is rapidly scaling up and now boasts one of the best metro infrastructures in India. The cost of living in the city is approximately 40% lower than that of other metros in the country. Moreover, Hyderabad possesses a substantial talent pool and offers high quality of living. The Government of Telangana is actively promoting innovation and striving to transform Hyderabad into a global destination.

Commenting on the launch, Kiran Vangaveti, the CEO and founder of BluSapphire, said, “The launch of this office is a milestone for BluSapphire in its expansion journey. Hyderabad’s favourable environment will be a launching pad for BluSapphire’s growth. Our plan is to expand our research and development, in alignment with our robust product roadmap, and bolster our global security operations to serve our clients across the globe better.”

Currently, BluSapphire’s Hyderabad team size is 75+, and the company anticipates adding 50+ professionals in the next two quarters. As such, BluSapphire has embarked on an aggressive hiring spree.

BluSapphire is an industry-first, purpose-built, cloud-native, Hybrid XDR™ platform powered by AI and Big Data analytics. Along with technology, BluSapphire offers managed detection and response services enabling organisations to quickly transform their cybersecurity posture, resulting in faster time to value and allowing faster cyber breach detection and mitigation, thereby reducing the organisation’s overall business risk posture. It was founded in 2017 by Kiran Vangaveti, a veteran of the cybersecurity domain with almost 17 years of experience. Observing that cybersecurity programmes always stayed counterproductive with negative ROI due to siloed technologies and/or service implementation with no automation lever, Vangaveti launched BluSapphire Cyber Systems, a hyper-growth cybersecurity SaaS platform and a Gartner Cool Vendor. Besides India, BluSapphire has a presence in the US and has expanded into the Gulf as well.

In 2022, BluSapphire Cyber Systems raised $9.2 million as part of its Series A round. The round was led by Barings Private Equity India, with participation from cross-border VC firm Dallas Venture Capital, Binny Bansal-backed xto10x, RPG Ventures, and Merisis Venture Partners.

About BluSapphire

BluSapphire, a Gartner Cool Vendor, is a hyper-growth cybersecurity SaaS platform. Founded in 2017 by Kiran Vangaveti, the platform solves the industry gap in security operations and visibility space. The full-stack AI and predictive analytics coupled with MDR services enables clients to prevent sophisticated cyber attacks across cloud, on-prem and hybrid work environments.