Orca Security doubles valuation in seven months

Orca Security has raised $550m in its Series C round, doubling its valuation in the past seven months to reach $1.8bn.

The investment was led by Temasek, with commitments also coming from CapitalG, Redpoint Ventures, GGV, ICONIQ Capital, Lone Pine Capital, Stripes, Adams Street Partners, Willoughby Capital and Harmony Partners.

Orca Security provides clients with tools for vulnerability management, malware detection, lateral movement risk, identity access management risk and more.

The company has experienced strong growth over the past year, culminating in 800% year-over-year growth.

Orca hopes to leverage Temasek’s investment portfolio and global network to grow into the APAC region and beyond. It also hopes to enter other key industries, including telecom, financial services, transportation consumer goods and more. Its goal is to have over a dozen employees in the APAC region by the end of the year.

In addition to its growth the region, Orca Security will grow its customer base in the UK and across the EMEA. As part of this, the CyberTech company is opening an office in London and as well as an R&D department, which will be its first outside of Tel Aviv.

The company will also grow its global partner program with partners in the US, Europe, India, Australia, New Zealand, Latin America and Japan.

Orca Security CEO and co-founder Avi Shua said, “Customers are fed up with agent-based tools that claim run-time protection but de facto are little more than a gimmick, typically reach only a fraction of the environment, and don’t provide the context security teams desperately need to prioritize critical alerts.

“Our growth is exploding because Orca Security simply works. We provide fast agentless deployment, 100 percent coverage of all cloud assets, and automatic prioritization of the alerts that demand quick action.”

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