Torq, a no-code automation platform for security teams, closed a $50 million raise in Series B funding, led by New York-based global private equity and venture capital firm Insight Partners, with participation from SentinelOne, the company announced Tuesday.
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Existing investors GGV Capital and Bessemer Venture Partners participated in the round, bringing Torq's total funding to $78 million. This funding will accelerate the company's expansion to meet rapidly increasing demand from enterprise customers and managed security service providers.
Torq gives security teams a single, no-code platform for connecting security infrastructure and communication tools and automating workflows across these systems.
"Torq's accelerated customer growth proves that a new approach to automation is essential for security teams seeking to meet the challenges of today and tomorrow" said Ofer Smadari, co-founder and CEO at Torq. "We're proud and humbled by the trust our customers place in us, and to be joined by Insight Partners and SentinelOne as we help security teams move faster and keep their organizations safer."
