Exfinity Venture Partners Announces Partial Exit from CloudSEK, Delivering 13x Returns

Exfinity Venture Partners, an early-stage investor in Deep-Tech & B2B tech, has announced a partial exit from its investment in cybersecurity platform CloudSEK, delivering a 13x multiple on invested capital (MOIC) and an internal rate of return (IRR) of more than 40%. The transaction was executed as a secondary sale to existing investors, while Exfinity continues to retain a meaningful ownership stake in the company.

Exfinity was the first institutional investor in CloudSEK, backing the company during its pre-Series A round and supporting its vision of building a predictive, intelligence-led cybersecurity platform at a time when the market was still largely oriented around reactive threat detection. Since then, CloudSEK has evolved into a comprehensive AI-driven threat intelligence platform, helping enterprises proactively identify and disrupt cyber threats across digital risk, attack surface, and supply chain layers. At its core, the platform models cybersecurity not as isolated alerts but as connected attack paths across identity, exposure, and trust relationships-enabling organizations to predict and disrupt attacks before execution.

CloudSEK has demonstrated strong commercial momentum, having recently crossed USD 15 million in ARR and consistent year-on-year growth. The company has increasingly established itself as a global cybersecurity partner, with over 60% of its net new revenue driven from international markets and the United States emerging as its fastest-growing region. Its customer base includes leading enterprises across banking, telecom, aviation, and digital platforms, reflecting strong product-market fit in complex, large-scale environments.

In early 2025 the company had raised over $20 million across its Series B rounds, including participation from global investors such as Commvault (NASDAQ: CVLT) and Connecticut Innovations Fund (State of Connecticut Fund). Its strategic relationship with Commvault is expected to significantly strengthen CloudSEK’s global go-to-market motion, particularly in the US, enabling deeper enterprise penetration and accelerating its next phase of growth.

The rise of AI-native threats is fundamentally reshaping the cybersecurity landscape, with attackers increasingly leveraging autonomous systems to identify and exploit vulnerabilities across interconnected environments. CloudSEK’s platform is designed for this new paradigm, shifting enterprises from reactive detection to predictive resilience by using AI to simulate, validate, and disrupt attack paths before they materialize. This positioning places the company at the forefront of the next generation of cybersecurity infrastructure.

CloudSEK also represents a compelling example of reverse innovation, built and refined in India and now solving mission-critical cybersecurity challenges for enterprises globally. With

R&D anchored in India and a growing international footprint, the company exemplifies the emergence of India-origin deep-tech platforms scaling successfully across global markets.

“CloudSEK is one of the clearest examples of what Indian deep-tech can achieve on the global stage. Our early conviction in Rahul and his team has been validated by the company’s ARR trajectory, enterprise client quality, and now, by the confidence of a global strategic player like Commvault. This is a calibrated partial exit - we remain invested and excited about what comes next,” said Chinnu Senthilkumar, Managing Partner at Exfinity Venture Partners.

“Exfinity was our first institutional investor and backed us at a time when few were willing to take a bet on a cybersecurity platform emerging from India. Beyond capital, they have been a true partner, supporting us across early customer introductions, follow-on fundraising, and strategic direction as we scaled globally. This journey reflects what long-term, hands-on venture partnership should look like, and we are excited to continue building the next phase together” added Rahul Sasi, Founder & CEO at CloudSEK. 

This transaction marks the latest in a series of liquidity events for Exfinity’s 2016 vintage Fund II, including full exits from Kinara.ai and Locus, and a prior partial exit from Pixis. The fund has already crossed key DPI milestones through these exits, and this secondary adds further distributions to Limited Partners, while retaining meaningful upside across the remaining portfolio. These outcomes reinforce Exfinity’s belief in building globally competitive deep-tech companies from India.

About Exfinity Ventures

Exfinity Venture Partners is an early-stage venture capital firm focused on backing category-defining startups in deep-tech, enterprise technology, semiconductor, AI, and frontier technology sectors. The firm invests in companies building globally relevant technologies from India and has backed several high-impact startups across enterprise and industrial innovation.

To know more about Exfinity, visit https://www.exfinityventures.com/

Exfinity Venture Announced Partial Exit from One of Their Early Investments in Mad Street Den Inc (MSD)

Exfinity Venture Fund, an early-stage VC Fund that was one of the first funds to focus exclusively on B2B technology investments, announced a partial exit from one of their early investments in Mad Street Den Inc (MSD). While Exfinity has exited partially, and given the aggressive growth of the company, it is safe to infer that MSD will not only return the entire fund but also will provide significant upside over the fund size. The secondaries were purchased by existing investors, FalconEdge, who led the company's Series B.

Exfinity is now raising its third fund aggregating to Rs. 500 crores based on the same thesis and has already announced its first investment in Ati Motors, a company which is into autonomous robots for material movement. Exfinity’s portfolio comprises some marquee names in B2B SaaS, Enterprise and Deep Tech viz. MoEngage, Locus, Pyxis, Vernacular.ai, Deep Vision, Log 9 Materials etc.

MSD is one of the first true blue AI companies from India which has a platform called Vue.ai, which powers end to end automation and digital experience management using AI for Multi-Billion Dollar Retailers including Diesel, Mercadolibre, Tata Group and more.

The company's latest platform play, Blox.ai, puts it on a trajectory with global A.I players, allowing it to bring its offerings from Retail into education, healthcare, finance and many more industries. With the rapid growth of Blox.ai platform, the company is positioned to become the biggest AI player in the India-US corridor.

Speaking on the exit, Shailesh Ghorpade, Managing Partner & CIO, who served on the Board of MSD said that “MSD has had a fascinating journey so far. Exfinity funded the company in the seed stage as the founders were extremely accomplished and they had a clear vision of where they wanted to go. During this course, MSD has achieved a pole position in the digitisation of the retail segment while growing exponentially in others & bagging multi-year contracts from some of the best names in the business. We believe MSD is just blossoming out and they have enormous potential. It is extremely satisfying to be a part of a journey of one of the earliest AI companies from India”.

Ashwini Asokan, co-founder and CEO of MSD stated, “We've been incredibly lucky to have the folks at Exfinity by our side since day 0. From operational help to hiring to business development and more, Shailesh and team have been there for us through so many different milestones. As a fund with a clear deep tech and enterprise tech thesis, they've created an entire cross border portfolio of companies that are building the next generation of businesses in the segment. We're barely just getting started with our journey here at MSD. Our vision for all things AI is big and we hope to take the lessons from this first phase of our journey with Exfinity with us, all the way forward”.

Absentia VR Raises Rs 8 Crore from Exfinity Venture

Bengaluru-based startup Absentia VR that offers a tool to create virtual reality content, has raised Rs 8 crore in a round led by early-stage fund Exfinity Venture Partners.

The round also saw participation from Sprout Venture Partners and Krishnamoorthy Ananthasivam (former vice-president at Infosys Ltd), while Venture Catalysts, a Mumbai-based seed fund, picked up stake through secondary share purchase.

Absentia VR has developed Norah AI, an artificial-intelligence powered engine that creates 360 degree panoramic content from 2D videos or images. The company was started by Birla Institute of Technology, Goa, drop-outs Shubham Mishra, Vrushali Prasade and Harikrishna Valiyath in early 2015. In November last year, it raised Rs 1.2 crore from Astarc Ventures, 50k Ventures and a few independent angel investors.

The company rolled out the first version of Norah in November 2016 which found traction with clients in media and entertainment and telecom sectors.

Absentia VR has signed eight clients that have so far contributed Rs 2.5 crore in revenue. The team is now preparing to launch the next version of Norah AI aimed at game developers and plans to deploy additional funds in this area.

“The latest version is currently in development and will be commercially rolled in five-six months. This will drastically reduce the time take to develop games from 30 days to about 30 hours,” Shubham Mishra, CEO and co-founder, said.

India's Warren Buffett Jhunjhunwala All Set To Invest In Indian Startups

Bullish investor Rakesh Jhunjhunwala, who manages his own money through his Rare Enterprises, is is all set to take the first step towards investing in India's piping hot startup scene. The billionaire investor, who often referred as India's Warren Buffett, will invest in a venture capital fund - Exfinity, that looks at technology startups, according to a report by ET NOW.

The report also says that Jhunjhunwala is the biggest investor in Exfinity's second fund, where it is looking to raise a sum of Rs 250 crore. Others who have shown interest include Sidbi venture capital and SBI.

With net worth of over $1.90 billion, Jhunjhunwala is 56th richest person in India.

Sources say he is investing in Exfinity because it is focused on the business to business or B2B space, where valuations are more reasonable. He along with Ratan Tata had raised concerns over business model and exaggerated valuations of e-commerce companies in India.

Exfinity Venture Partners was floated by India's prominent technology industry veterans such as former Infosys board members V Balakrishnan, Mohandas Pai, former Wipro execs Suresh Senapaty & Girish Paranjpe and ex i-flex top exec Deepak Ghaisas. It typically invests in technology ventures in the B2B space.

Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of over dozen Indian companies including Prime Focus Limited, Geojit BNP Paribas Financial Services Limited, Provogue India Limited, Mid Day Multimedia Limited, Nagarjuna Construction Company Limited, Viceroy Hotels Limited and Tops Security Limited.