New Delhi, July 31 -- Palo Alto, US-based cybersecurity platform Safe Security has raised $70 million in a Series C round led by B2B SaaS-focused investor Avataar Venture Partners. According to Tracxn data, this is one of the largest cybersecurity deals to be led by an Indian venture capital firm.

"With the new funds, we're focused on only one thing: product, product and product," company co-founder and chief executive Saket Modi told Mint in an interview.

The round, which saw other new and existing investors pin their money and faith in the company, consisted purely of primary investments and no secondaries-in other words, the money went directly to the startup and no existing shareholder sold any stake.

New investors in this round in...