- Name of the Company: Arch0
- Industry: Cloud Security
- Funding Amount: $1.25 million
- Funding Date: Not specified
- Dilution Percentage: Not specified
- Date of Inception: 2022
- Details About the Founder: Founded by Nithin Jois and Tilak Thimmappa
Funding Announcement: Arch0, a burgeoning cloud security startup, has successfully raised $1.25 million in a pre-seed funding round. The funding was led by Leo Capital, with participation from Indian Silicon Valley Capital, Appreciate Capital, Village Global, Supermorpheus, and other prominent investors.
Utilization of Funds: The newly secured capital will be instrumental in expanding Arch0’s core team. Additionally, the startup plans to leverage the funding to enhance the integration of artificial intelligence (AI) in its cloud security operations.
About Arch0: Founded in 2022 by Nithin Jois and Tilak Thimmappa, Arch0 specializes in cloud security solutions for mid-sized enterprises and companies. The startup’s primary focus is on the US market, with a significant portion of its sales originating from this region. Arch0 also maintains a dedicated development team in Bangalore.
Founder’s Vision: Nithin Jois, CEO and Co-founder of Arch0, emphasized the challenges faced by the team in building cloud security solutions for clients in their previous company. He highlighted the need for a more streamlined approach to solving these challenges, which led to the inception of Arch0.
Unique Approach: Arch0 adopts a unique approach to cloud security by centralizing identity at its core. Leveraging AI, the startup streamlines threat detection and remediation, thereby minimizing operational complexity, reducing costs, and enhancing overall security posture with minimal additional bandwidth from the teams.
Future Plans: Currently, Arch0 offers its platform free of charge to customers. However, the startup intends to introduce a subscription-based model in the future to sustain its growth and operations.
Investor Perspective: Dinesh Singh, a Partner at Leo Capital, highlighted the rapid growth of the cloud cybersecurity market. He noted the market’s expected doubling within the next couple of years, emphasizing the increasing complexities of cybersecurity attacks and the growing demand for automation.
Investment Strategy: Leo Capital’s investment in Arch0 comes shortly after its funding of climate tech startup Sprih. The VC firm, known for its investments in technology-centric startups, has funded approximately 55 startups across various rounds, with cheque sizes ranging from $0.5 million to $3 million.