Israeli cybersecurity startup Orca Security, which specializes in cloud services security, raised an additional $340 million. This brings Orca’s total Series C fundraising round to $550 million. Orca Security was already a unicorn, but now it is an even bigger one with a $1.8 billion valuation. The news comes after Orca raised $150 million in July.
But why are Orca Security and companies like it, so valuable. Well everything is going into the cloud these days. Do you use Google Docs, or any of the other Google services? Well then all of your files are stored in servers located around the world. The same thing is also now true with MS Office which offers customers cloud based software services. Notebook computers have always had a limited storage capacity. And more and more people are switching to tablets which do not offer the same services as a computer. So cloud services will soon be standard.
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Founded in 2019, Orca Security offers a cloud security innovation. The company provides cloud-wide, workload-deep security and compliance for AWS, Azure, and GCP. Orca boasts that it treats a client’s cloud as an, “interconnected web of assets, prioritizing risk based on the severity of the underlying security issue combined with environmental context, including its accessibility and potential damage to the business.” This does away with thousands of meaningless security alerts to provide just the critical few that matter, along with their precise path to remediation.
In just 7 months, we have extended our Series C funding round to $550M, boosting our valuation 50% to $1.8 Billion. @Temasek, headquartered in Singapore, leads the round with investments from @SAICinc & #SplunkVentures. https://t.co/EgmBUJSuts #cybersecurity #cloudsecurity
— Orca Security (@orcasec) October 5, 2021
Orca Security says that its solution deploys in minutes, not months, because “no opcode runs within your cloud environment. With Orca, there are no overlooked assets, no DevOps headaches, and no performance hits on live environments.”
Avi Shua Co-founder and CEO “We’re providing the worlds’ most comprehensive cloud security solution – detecting risks that normally would require half a dozen tools to handle. Most importantly, we don’t hand practitioners a list of a million ‘critical’ alerts and tell them to ‘go figure.’ Rather, Orca uses an innovative, graph-first contextual approach to prioritize the 0.1% of risks that really matter – freeing your security teams to spend their precious time on the truly critical attack vectors that can actually be exploited.