Cybersecurity company Aqua Security has netted $30m in its Series D round, supporting a strong growth period, which has seen it double its revenue in 12 months.
The investment was led by Greenspring Associates, with support also coming from Insight Partners, Lightspeed Venture Partners, and TLV Partners.
The cybersecurity company, which was founded in 2015, helps firms to protect their infrastructure. Its Cloud Native Security Platform offers full visibility and security automation throughout an application lifecycle to better detect and prevent online threats.
Aqua has more than 400 clients spanning the finance, energy, aerospace, internet, media, travel, retail, pharmaceutical and hospitality industries.
The funding comes after Aqua Security has seen strong growth. In the past 12 months, the cybersecurity company has doubled its revenue and headcount.
With the fresh funding, the company has raised a total of $130m in venture capital. The RegTech company secured $62m for its Series C round back in 2019 from Insight Partners, Lightspeed Venture Partners, M12, TLV Partners and Shlomo Kramer.
Greenspring Associates general partner Hunter Somerville said, “Even under today’s challenging business conditions, the company has demonstrated strong revenue growth, and an ability to introduce new, exciting products that differentiate their offering. With enterprises continuing to migrate aggressively to the cloud, we see Aqua as uniquely positioned to benefit from and enable that adoption.”
Last year, the company acquired CloudSploit to expand into the cloud security posture management space.
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