Orca Security, a cloud security company, announced a $20.5 million Series A funding round led by GGV Capital with participation from YL Ventures and SVCI (Silicon Valley CISO Investments). The funding will support the company’s growth to help more worldwide customers gain deeper visibility into AWS, Azure, and GCP at a fraction of the time and operational cost of alternative solutions. Orca Security total funding reached $27M USD in less than 12 months.
Solutions for discovering cloud security risks
Orca Security provides deeper visibility into AWS, Azure, and GCP without the operational costs of agents. The company was founded last year by a group of former Check Point executives and architects. Orca Security delivered Orca Security’s patent-pending, SideScanning as SaaS. This cloud security solution reads cloud configuration and workloads’ runtime block storage out-of-band to detect vulnerabilities, malware, misconfigurations, lateral movement risk, weak and leaked passwords.
In addition to $6.5 million in seed funding, Orca Security will use the latest Series A round to invest in research and development. According to the announcement, the company plans to double its team in U.S. and Israel offices and total business by the end of 2020. The Series A funding round is being led by GGV Capital, a global venture capital firm.
Oren Yunger, investor, GGV Capital, talked about the funding, saying,
“It’s exciting to see Orca tackle the cloud frontier with an innovative approach that dramatically improves visibility while reducing operational costs. We’ve been impressed with Avi and the team’s ability to build for modern-day security leaders, as evident in SVCI’s remarkable response to Orca. The excitement of the group was incredible and validates what value Orca provides to security leaders who are facing complex security issues at scale.”
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