Orca Security, a Los Angeles, CA-based cloud security solution company, raised $210m in Series C funding.
The round was led by CapitalG, Alphabet’s independent growth fund, and Redpoint Ventures with participation from existing investors GGV Capital and ICONIQ Growth, as well as Silicon Valley CISO Investments (SVCI), an angel syndicate of 50 prominent CISOs.
The company, which has raised nearly $300m in combined funds at a $1.2 billion valuation since its founding two years ago, intends to use the funds to continue to expand operations and its business reach.
Led by Avi Shua, CEO and co-founder, Orca Security is a cloud security innovation leader, providing cloud-wide, workload-deep security and compliance for AWS, Azure, and GCP.
Delivered as SaaS, the company’s patent-pending SideScanning™ technology reads cloud configuration and workloads’ runtime block storage out-of-band, detecting vulnerabilities, malware, misconfigurations, lateral movement risk, weak and leaked passwords, and unsecured PII. SideScanning™ covers all your workloads﹣VMs, containers, and serverless.
In 2020, the company signed numerous forward-thinking organizations including Robinhood, Databricks, Unity, Live Oak Bank, Lemonade and BeyondTrust, among many others. By the end of 2021, Orca plans to have nearly tripled its R&D and sales teams since its A round in May of 2020 and aims to expand its sales offices in Europe. They recently opened a new office in Austria, and plans to open an office in Australia to better serve APAC markets.
FinSMEs
23/03/2021