Orca Security Raises $55 Million with Plans for Expansion

Orca Security, a company offering Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term-based services, announced on Tuesday the closure of its Series B Funding Round Funding Round Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Startups look to raise capital can participate in a funding round. These refers to the various rounds of funding that occur upon proof of concept, customer base growth, and the probability of success. While they are various types of funding rounds, the most commonly seen in startups include the following funding rounds: Seed, Series A Fundraising, Series B Fundraising, and Series C Fundraising. In order for a funding round to take place, a valuation must be performed by analysts for the business Read this Term, raising $55 million.

The round was led by ICONIQ Growth and saw participation from existing investors, including GGV Capital, which led Orca’s Series A funding; YL Ventures, the VC that led its seed investment round; and Silicon Valley CISO Investments.

“We are very impressed with the depth, ease of deployment, and effectiveness of Orca Security’s technology, and believe in its potential to solve the growing problem in cloud security,” ICONIQ Growth’s General Partner, Matthew Jacobson said. “We have full confidence in Orca Security’s long-term opportunity as an important technology leader.”

Growing Demand for Cloud-Based Security Solutions

The new investment came only nine months after the closure of Orca’s Series A funding round. The two-year-old company raised $27 million ahead of the latest round.

The California-headquartered company is now planning for a massive expansion on all fronts using the fresh proceeds. It is aiming to triple its R&D team, a crucial department for any cybersecurity company, by the end of 2021.

Additionally, the company is planning to open new sales offices in the United Kingdom and Australia, boosting its sales team to nearly 30 people. According to Orca, this will help it serve its clients in European and APAC markets better.

“Cloud security is fundamentally broken. Practitioners are forced to waste their time installing and maintaining security agents instead of managing actual security risks,” Orca Security Co-founder and CEO, Avi Shua said. “The fact is, competing solutions view cloud resources as simple lists whereas bad actors see a graph with a clear path of attack. Orca Security changes that paradigm by visualizing cloud resources through the lens of an attacker.”

“Orca’s agentless cloud security solution is lightyears ahead of its time,” said Yoav Leitersdorf, Managing Partner at YL Ventures. “Thanks to a team of highly respected technologists and a powerful new approach to cloud security, Orca’s attracted the industry’s top talent, closed high-profile customers and secured a total of $82 million in funding in just under two years.”