Torq co-founders (company pic)
Torq is an Israeli cybersecurity startup that offers AI-first security hyperautomation. The firm closed a $70 million Series C funding round, led by Evolution Equity Partners. Torq has now raised a total of $112 million in 2024, bringing the company’s funding since its 2020 inception to $192 million.
AI-first security hyperautomation is a transformative approach to cybersecurity that leverages artificial intelligence (AI) to automate and streamline various security processes. By combining the power of AI with automation, organizations can significantly enhance their security posture, improve response times, and reduce the burden on security teams.
Torq, which calls itself the security “hyperautomation” pioneer, had 300% revenue growth and 500% customer growth in its third year of operation in 2023, and hit a total of $120 million in funding with the $42 million raised in an extension to its Series B fundraising round.
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Everyone knows that Israel has been at the forefront of security – all security – since its inception, from military innovations to cybersecurity. Now, combine that with Israel’s high-tech sector and the ability of Israelis to innovate and be problem solvers in just about any field.
Founded in 2020 by Ofer Smadari (CEO), Leonid Belkind (CTO), and Eldad Livni (CINO), Torq boasts that its Torq Hyperautomation unifies and automates the entire security infrastructure to deliver unparalleled protection and productivity. Torq delivers the security industry’s first enterprise-grade hyperautomation platform capable of automating the most complex security infrastructures at dramatic scale.
In 2023, Torq announced the introduction of Torq Hyperautomation, the world’s first enterprise-grade security hyperautomation platform capable of automating the most complex security infrastructures at dramatic scale, and Torq Socrates, cybersecurity’s first Tier-1 analysis AI Agent, designed to close 90% of Tier-1 tickets autonomously. In addition, Torq announced the new Torq Partner Acceleration and Torq For MDR programs.
“Our Series C round underlines the fact that Torq customers, partners, and employees have combined into one of the most powerful, influential, and fastest-growing ecosystems in all of cybersecurity,” said Ofer Smadari, CEO and co-founder, Torq. “We’ve rewritten the rules of the industry with Torq Hyperautomation and Torq HyperSOC, and our momentum reflects that shift. Torq has blown past all the frustrating, manual limitations of legacy SOAR that leave significant holes in the security perimeter. Torq plugs all those holes by delivering a new layer of AI-driven protection, all while making all of security operations more productive than ever.”
