Aqua Security secures $60m in funding
James Thorpe
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Aqua Security, a pioneer in cloud-native security, has secured $60m in funding led by new investor Evolution Equity Partners, with participation from existing investors Insight Partners, Lightspeed Venture Partners and StepStone Group.
This funding, an extension of the company’s Series E round, positions Aqua’s valuation above $1b.
Having raised $325m since its 2015 inception, Aqua has been adopted by over 500 enterprise companies globally, including 40% of the Fortune 100.
A major cloud security provider
Dror Davidoff, Co-Founder and CEO, Aqua Security commented: “Investors continue to appreciate Aqua’s enormous potential and the surging demand for our solution.
“Eight years ago, we envisioned a world where all new applications would be built native to the cloud.
“Today we are here in a market we pioneered with a purpose-built solution to protect customers’ digital transformations. We are excited for what’s ahead in 2024.”
This funding follows a stellar 2023 for Aqua, marked by a 65% increase in new business and recognition on the Fortune Cyber 60 list of the most important venture-backed start-ups.
Aqua was also named a leader on GigaOm’s radar for container security, an overall leader in the 2023 Kuppinger Cole Software Supply Chain Security (SSCS) leadership compass and a representative vendor in the Gartner Market Guide for Cloud-Native.
“Innovative cloud security solution”
Yuval Ben-Itzhak, General Partner, Evolution Equity Partners added that: “Aqua Security has built an innovative cloud security solution that solves the growing challenge of stopping cloud native attacks.
“Given the increasing adoption of cloud native applications across enterprises, Aqua’s growth trajectory is a rocket ship.
“Led by a strong management team and with a focus on customer success and innovation, Aqua stands out among a crowded vendor landscape.”
Aqua Security
Aqua Security offers an integrated platform that detects and stops attacks throughout the cloud-native application lifecycle, spanning software supply chain security for developers and runtime protection for security teams.
Evolution Equity Partners
Evolution Equity Partners collaborates with cybersecurity software companies globally, investing in over fifty to build a portfolio of market leaders.