Torq, a NYC-based AI-first security hyperautomation company, raised $70M in Series C funding.
The round, which brought the total amount to $112M, was led by Evolution Equity Partners, with Bessemer Venture Partners, Notable Capital, Greenfield Partners, and Strait Capital participating.
The company intends to use the funds to increase expansion across EMEA and APAC, hire additional engineering, R&D, and sales talent, and deliver generative AI enhancements.
Led by CEO Ofer Smadari, Torq is transforming cybersecurity with its AI-first enterprise-grade hyperautomation platform. By connecting the entire security infrastructure stack, it empowers organizations to instantly and precisely remediate security events, and orchestrate complex security processes at scale.
Customers include Abnormal Security, Armis, Blackstone, Carvana, Check Point Security, Chipotle, Deepwatch, Lemonade, Lennar, Nubank, Rivian, SentinelOne, Telefonica, Wiz, and ZoomInfo, as well as Fortune 100 consumer packaged goods, fashion, financial, hospitality, and sports apparel companies.
FinSMEs
24/09/2024