Orca Security has raised $550 million in its extended Series C fundraising round led by Temasek, an investment company headquartered in Singapore, the company announced Tuesday.
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The round boosted its valuation 50% in just seven months to $1.8 Billion. Orca Security's C round also includes substantial participation from venture capital firms CapitalG (Alphabet's independent growth fund), Redpoint Ventures, GGV, ICONIQ Capital, Lone Pine Capital, Stripes, Adams Street Partners, Willoughby Capital, and Harmony Partners.
"Customers are fed up with agent-based tools that claim run-time protection but de facto are little more than a gimmick, typically reach only a fraction of the environment, and don't provide the context security teams desperately need to prioritize critical alerts," said Orca Security co-founder and CEO Avi Shua.
"Our growth is exploding because Orca Security simply works. We provide fast agentless deployment, 100% coverage of all cloud assets, and automatic prioritization of the alerts that demand quick action," Shua said.
