Tel Aviv/Los Angeles-based Orca Security closes $210 million series C round, reaches unicorn status with $1.2 billion valuation

dan@tech.eu

Cybersecurity firm Orca Security has closed a $210 million series C round and now has a $1.2 billion valuation.

The round was led by CapitalG, Alphabet‘s independent growth fund, and Redpoint Ventures.

Founded in 2019, Orca Security’s “SideScanning” technology reads a customer’s cloud configuration and workloads’ runtime block storage out-of-band to detect potential vulnerabilities, malware, misconfigurations, authentication risks, and a number of additional variables. Orca Security is the first cloud security solution that tackles these risks without agents or per asset integration, thus allowing clients 100% visibility and coverage within minutes.

“Orca Security represents a revolutionary step forward in optimizing cloud environments. Their touchless SideScanning technology is best-in-class, as confirmed by our extensive interviews with their ecstatic customers and by the senior Google security leaders who we invited to evaluate it,” comments Gene Frantz from CapitalG.

In 2020 Orca Security achieved more than 1000% growth year-over-year and saw the onboarding of clients including Robinhood, Databricks, Unity, Live Oak Bank, Lemonade, and BeyondTrust.

“I’ve been working with vulnerability assessment solutions for over 20 years. I even wrote a book on how to build a vulnerability management strategy. I’ve never seen anything like the Orca Security platform before,” said Morey Haber, CTO and CISO, BeyondTrust. “Within a couple of months I had it fully rolled out, protecting our more than 4,000 cloud customers. This product is a gem and must-have solution for businesses operating in the cloud.”

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