Aqua Security Dror Davidoff and CTO Amir Jerbi – PR
Aqua Security, an Israeli cyber security startup and a unicorn, kicked off the new year with Israel Startup Nation’s first big raise as it brought in $60 million in funding, led by new investor Evolution Equity Partners, with participation from existing investors Insight Partners, Lightspeed Venture Partners and StepStone Group.
Aqua Security has now raised $325 million in total. It was in March 2021 that the company first became a unicorn – a startup with a $1 billion or higher valuation – when it raised $135 million in a Series E funding round led by ION Crossover Partners.
Founded in 2015 by Amir Jerbi and Dror Davidoff, Aqua Security boasts that it is the largest “pure-play” cloud native security company, providing customers the freedom to innovate and run their businesses with minimal friction. Its Aqua Cloud Native Security Platform provides prevention, detection, and response automation across the entire application lifecycle to secure the build, secure cloud infrastructure and secure running workloads wherever they are deployed.
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Aqua scans artifacts for vulnerabilities, malware, secrets and other risks during development and staging. It allows you to set flexible, dynamic policies to control deployment into your runtime environments. It promises to protect applications from development to production, across VMs, containers, and serverless workloads, up and down the stack.
More than 500 enterprise companies worldwide, including 40% of the Fortune 100 companies, have adopted Aqua’s innovative cloud security approach. Aqua serves six of the top 10 banks in North America, and six of the top seven banks in Canada, making it the leading cloud native security provider for the financial services industry.
In addition to seeing a 65% increase in new business in 2023, Aqua was named to the Fortune Cyber 60 list of the most important venture-backed startups. Aqua was also named a leader on GigaOm’s Radar for Container Security, an Overall Leader in the 2023 KuppingerCole Software Supply Chain Security (SSCS) Leadership Compass and a Representative Vendor in the Gartner® Market Guide for Cloud-Native. Aqua also earned top honors including CISO Choice Awards winner in the Cloud Workload Protection Platform (CWPP) category and the “Enterprise Cloud Security Solution Provider of the Year” in the CyberSecurity Breakthrough Awards.
“Investors continue to appreciate Aqua’s enormous potential, and the surging demand for our solution,” said Dror Davidoff, co-founder and CEO of Aqua Security. “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.”
