Tel Aviv-based Orca Security has raised $20.5 million in Series A funding to expand its cloud security product for enterprise. The round was led by GGV Capital, with participation from seed investors YL Ventures and SVCI. Together with the seed funding announced last June, the Israeli company has raised $27 million in less than 12 months.
The promise of the software is that it provides thorough protection of multi-cloud systems (specifically AWS, Azure and Google Cloud Platforms), monitoring the entire infrastructure in minutes. The Israeli company awaits a patent for its SideScanning technology, which detects vulnerabilities, malware, misconfigurations, leaked and weak passwords, and other risks without agents or per asset integrations.
“Organizations expect to have rapid cloud growth while maintaining security. This cannot be achieved by playing whack-a-mole with per-asset agent deployments,” says Avi Shua, the startup’s CEO and co-founder. Shua previously worked as the Chief Technologist at Check Point Software Technologies and served in an Israeli intelligence unit for several years.
So far the software is serving cloud-native companies such as People.AI, Sisense, and Fiverr, as well as legacy businesses now migrating to the cloud, such as Lionbridge and MRS BPO. With the fresh funding, the cybersecurity company will invest in talent, go-to-market activities and research and development, with the goal of doubling both team and total business by the end of 2020. New hiring will be divided between its US and Israel offices.