Aqua Security, a trailblazer in cloud-native security, today announced a significant financial milestone, securing $60m in additional funding.
This investment, an extension of its Series E round, was led by new investor Evolution Equity Partners, complemented by contributions from existing backers Insight Partners, Lightspeed Venture Partners, and StepStone Group. This latest financial injection propels Aqua’s valuation above the $1bn mark.
Specialising in cloud security, Aqua Security has established itself as a pivotal player in the industry. Since its inception in 2015, Aqua has been at the forefront of safeguarding digital assets in the cloud. The company’s innovative approach has attracted more than 500 enterprise clients globally, including a remarkable 40% of the Fortune 100 companies. Notably, Aqua is the preferred security provider for six of the top 10 banks in North America and six of the top seven in Canada, cementing its position as the leading cloud native security provider for the financial services sector.
The funds are earmarked for furthering Aqua’s growth and expanding its market reach. “Investors continue to recognize Aqua’s enormous potential and the surging demand for our solution,” remarked 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.”
2023 marked a year of exceptional achievements for the firm. The company not only enjoyed a 65% increase in new business but also garnered numerous accolades. Aqua was named to the Fortune Cyber 60 list, recognised as a leader in GigaOm’s Radar for Container Security, and lauded in the KuppingerCole Software Supply Chain Security (SSCS) Leadership Compass. It also bagged the “Enterprise Cloud Security Solution Provider of the Year” at the CyberSecurity Breakthrough Awards.
“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,” said Yuval Ben-Itzhak, General Partner at Evolution Equity Partners.
To date, Aqua has raised a total of $325m since its founding. This latest funding round reinforces Aqua’s status as a leader in the cloud security domain, poised for continued growth and innovation in the years to come.
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