- Aqua Security raised $60 million in follow-on Series E funding this week. The investment boosts the cloud native security platform’s valuation to more than $1 billion.
- New investor Evolution Equity Partners led the round. Existing investors Insight Partners, Lightspeed Venture Partners, and StepStone Group also participated.
- Founded in 2015, Aqua Security maintains headquarters in Boston, Massachusetts and in Israel.
With six of the top 10 banks in North America and six of the top seven banks in Canada among its customers, Aqua Security is the latest security platform to earn unicorn status.
Headquartered in Boston, Massachusetts – and in Israel – cloud native security platform Aqua Security has raised $60 million in funding. The round was an extension of the firm’s Series E round, and was led by new investor Evolution Equity Partners. Featuring participation from existing investors Insight Partners, Lightspeed Venture Partners, and StepStone Group, the investment boosts the Aqua Security’s valuation above $1 billion.
“Eight years ago, we envisioned a world where all new applications would be built native to the cloud,” company co-founder and CEO Dror Davidoff said. “Today we are here in a market we pioneered with a purpose-built solution to protect customers’ digital transformations. We are excited for what’s ahead in 2024.”
Founded in 2015, Aqua Security specializes in protecting cloud native environments. The company helps its customers build applications that are, according to Aqua Security co-founder and CTO Amir Jerbi, “secure by design, enabling agile DevOps and hybrid cloud deployment with no compromise on security or compliance.” The company’s Cloud Native Application Protection Platform (CNAPP) secures the full application lifecycle from threat prevention, detection, and response. This includes software supply chain security to ensure code integrity and minimize vectors for attack. The platform also provides vulnerability scanning and management, as well as comprehensive, advanced malware detection.
This week’s investment takes the company’s total equity funding to $325 million. The investment also follows a year in which Aqua Security enjoyed a 65% increase in new business and a sizable amount of industry recognition. Among these accolades were inclusion in the Fortune Cyber 60 and listing among the Gartner Market Guide for Cloud-Native.
The post Aqua Security Earns Unicorn Status on $60 Million Funding Extension appeared first on Finovate.
Source: https://finovate.com/aqua-security-earns-unicorn-status-on-60-million-funding-extension/
