Cyber ​​company Orca Security closed a $ 550 million capital raising round, valued at $ 1.8 billion

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by Ifi Reporter Category:Hitech Oct 5, 2021

Cyber ​​company Orca Security closed a $ 550 million capital raising round, valued at $ 1.8 billion. This is an extension of a series C round that was announced earlier this year in the amount of $ 210 million. The company has since expanded its round by raising an additional $ 340 million, which has increased the company's value by about 50%.

In total, Orca has raised $ 640 million since its inception, $ 605 million of which has been raised in less than a year.
The round was led by the Singapore Government Investment Fund Temasek. Which is one of the largest investors in the world, manages a portfolio of over $ 300 billion and has returned impressive and extraordinary returns of over 14% on average per year for the last 40 years. Orca Security will leverage Tamsk's investment portfolio and global network to deepen its market penetration.
Other investors who participated in the round are the CapitalG fund of Alphabet Corporation (Google), SAIC, Splunk Ventures, Redpoint Ventures, GGV Capital investing in the company for the third time, ICONIQ Growth and Silicon Valley CISO Investments, an angel group consisting of 50 leading information security managers In the US investors invest their personal capital and expertise in supporting technology and the success of the company.
Orca Security was founded in 2019 by eight founders, including Avi Shua (CEO) and Gil Gron (CPO). The SideScanning technology developed by the company achieves full and fast coverage in minutes, without the need for complex implementation. This is unlike other cyber solutions that require projects In addition, the system drastically streamlines the work of information security managers by building a graph of the organization's cloud environment, and uses the information from it to prioritize the individual critical alerts out of thousands (and sometimes tens of thousands) of alerts. Sustainability.
The company has offices in Israel, Los Angeles, London, Vienna and more. The company is expanding its global operations with the help of its worldwide affiliate program. Orca recorded 800% revenue growth last year. Its clients include: Databricks, Robinhood, Autodesk, News Corp, NCR, Duolingo, Unity Technologies, Druva. This is in addition to cyber companies, including: BeyondTrust, Hunters, Very Good Security, BigID, and more.
"Organizations are tired of information security products that require complex implementation processes that claim to provide protection but are in fact nothing more than gimmicks. Lots of solutions in the market cover only a fraction of the protecting organization's operating environment. , CEO and co-founder of Orca Security. “We are growing at such a rate because Orca's solution just works. We provide 100% coverage of all cloud assets, in a fast deployment in the organization, and perform automatic prioritization of alerts that require quick action. "
"Orca's meteoric rise and proven success soon established its position as a leader in the industry's cloud security worth hundreds of billions of dollars. Manager at YL Ventures, which led the lime round at Orca. "The exceptional level of interest received from investors around the current round is a clear statement of trust in the company and anticipation for the future. Orca is one of the most significant investments of the YL Ventures fund and we continue to support it on its way to becoming a cyber security powerhouse."
Orca Security was selected by the Gartner Research Institute as the Cool Vendor in the field of cloud security, one of the most significant awards in the field. According to Gartner, by 2023 about 70% of all enterprise services will be deployed in cloud infrastructure and platform services, compared to 40% in 2020.

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