Arch0, a cloud security startup, has successfully secured $1.25 million in a pre-seed round led by Leo Capital, with additional backing from Village Global, Indian Silicon Valley Capital, Appreciate Capital, Supermorpheus, among others.
“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,” Nithin Jois, CEO, and co-founder of Arch0, told the Economic Times in an interview.
Co-founded in 2022 by Jois and Tilak Thimmappa, the company, which serves mid-sized enterprises primarily in the US and operates a development team in Bangalore, plans to use the funds to expand its team and enhance AI in cloud security. Currently free for users, Arch0 aims to shift to a subscription model soon. Leo Capital, supporting around 55 tech startups, focuses on early-stage investments ranging from $0.5 million to $3 million.
“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.
