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Orca Security Lands $55 Million Series B to Further Disrupt the Cloud Security Industry

Funding to Further Transform Cloud Security for Global Enterprises Looking to Leverage AWS, Azure, and GCP to Accelerate Digital Transformation

Orca Security announced a $55 million Series B round led by ICONIQ Growth with participation from previous investors GGV Capital, YL Ventures, and Silicon Valley CISO Investments, supporting the company’s explosive growth with more than $82 million raised in less than two years. The funding will fuel Orca Security’s further disruption of the cloud security industry with touchless, workload-deep, context-aware security and compliance for AWS, Microsoft Azure, and Google Cloud Platform.

“Orca’s agentless cloud security solution is lightyears ahead of its time”

While competing cloud security solutions were built for on-prem environments, Orca Security was born in the cloud for the cloud. Orca treats each customer’s cloud estate as an interconnected web of assets, prioritizing risk based on the underlying security issue combined with environmental context, including its accessibility and potential damage to the business. This context also helps to reduce thousands of security alerts to the critical few that matter, along with their precise path to remediation.

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“Cloud security is fundamentally broken. Practitioners are forced to waste their time installing and maintaining security agents instead of managing actual security risks,” said Avi Shua, CEO and co-founder of Orca Security. “Even after spending years plumbing agents in their environment, coverage is usually limited to less than fifty percent. What’s worse, agent-based solutions lack context. They can’t see beyond individual issues residing on individual assets, which leads to a never-ending barrage of meaningless security alerts. The fact is, competing solutions view cloud resources as simple lists whereas bad actors see a graph with a clear path of attack. Orca Security changes that paradigm by visualizing cloud resources through the lens of an attacker.”

This unique ability is achieved using Orca Security’s patent-pending SideScanning™ technology, which reads the cloud configuration and workloads’ runtime block storage out-of-band to detect vulnerabilities, malware, misconfigurations, lateral movement risk, weak and leaked passwords, secret keys, unsecured PII, and more. Orca Security has created the first cloud security solution that can meet these needs without agents or per asset integration, gaining full coverage literally within minutes.

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Investing in the Future of Touchless, Workload-Deep, and Context-Aware Cloud Security

With its Series B round, in addition to a $20.5 million Series A and $6.5 million in seed funding, Orca Security is further expanding its cloud security and compliance capabilities. By the end of 2021, Orca Security plans to have nearly tripled its R&D team since its A round in May of 2020. It is also boosting its sales team to nearly 30 people to meet global product and customer demand. The company also plans to open new sales offices in the UK and Australia to serve the European and APAC markets.

The Series B funding round is being led by ICONIQ Growth, which invests in growing technology companies and employs a distinctive ecosystem to build enduring businesses. The funding also includes participating investments from GGV Capital, who led the Series A as a global venture capital firm focused on companies shaping digital transformations, and YL Ventures who led the seed round and exclusively invests in groundbreaking Israeli cybersecurity companies.

In addition, a group of more than 50 prominent CISOs has again invested their pooled funds and technical expertise in Orca Security’s success through their recently formed SVCI (Silicon Valley CISO Investments) angel syndicate.

“We are very impressed with the depth, ease of deployment, and effectiveness of Orca Security’s technology, and believe in its potential to solve the growing problem in cloud security,” said Matthew Jacobson, General Partner at ICONIQ Growth. “We have been fortunate to partner with many high growth, high impact, emerging market leaders with an unmatched approach to solving customer needs and we have full confidence in Orca Security’s long-term opportunity as an important technology leader.”

Expanding Global Partner Ecosystem

Orca Security is also expanding its global partner network and will announce an official partner program in the coming months. The company is especially focused on building partnerships in the markets where it is rapidly gaining customer traction including the US, UK, Germany, Australia, and Japan.

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