Orca Security has announced that it has raised $210 million in its latest funding round. The series C has propelled the security startup (which was founded just 27 months ago) to become a unicorn, with a valuation of $1.2 billion.
Orca Security has raised $300 million to date and is one of the fastest companies to become a cybersecurity unicorn. The company put in a stellar performance in 2020 with a 1000% year-on-year growth. Many organizations, including Robinhood, Databricks, Unity, Live Oak Bank, Lemonade, and BeyondTrust, chose the Orca platform.
The latest funding round was led by CapitalG, Alphabet’s independent growth fund, and Redpoint Ventures, with participation from existing investors ICONIQ Capital, GGV Capital, and SVCI.
Orca Security has built a dependable cloud security solution that actually works. This is evident, as it has been the clear choice of the world’s most forward-thinking companies. The Israeli company’s solution prioritizes risk based on all the relevant data, including exposure and potential business impact. “Ours is a cloud security solution that provides full coverage for your entire cloud estate, after a process as easy as installing an app on your smartphone—and with absolutely zero friction,” wrote Orca co-founder and CEO AviShua in a company blog.
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