Orca Safety, an organization providing cloud-based providers, introduced on Tuesday the closure of its Sequence B funding spherical, elevating $55 million.
The spherical was led by ICONIQ Progress and noticed participation from present traders, together with GGV Capital, which led Orca’s Sequence A funding; YL Ventures, the VC that led its seed funding spherical; and Silicon Valley CISO Investments.
“We’re very impressed with the depth, ease of deployment, and effectiveness of Orca Safety’s know-how, and imagine in its potential to unravel the rising downside in cloud safety,” ICONIQ Progress’s Normal Associate, Matthew Jacobson mentioned. “We now have full confidence in Orca Safety’s long-term alternative as an essential know-how chief.”
Rising Demand for Cloud-Based mostly Safety Options
The brand new funding got here solely 9 months after the closure of Orca’s Sequence A funding spherical. The 2-year-old firm raised $27 million forward of the newest spherical.
The California-headquartered firm is now planning for an enormous enlargement on all fronts utilizing the contemporary proceeds. It’s aiming to triple its R&D staff, a vital division for any cybersecurity firm, by the tip of 2021.
Moreover, the corporate is planning to open new gross sales places of work in the UK and Australia, boosting its gross sales staff to just about 30 folks. In line with Orca, this can assist it serve its purchasers in European and APAC markets higher.
“Cloud safety is essentially damaged. Practitioners are compelled to waste their time putting in and sustaining safety brokers as an alternative of managing precise safety dangers,” Orca Safety Co-founder and CEO, Avi Shua mentioned. “The very fact is, competing options view cloud sources as easy lists whereas unhealthy actors see a graph with a transparent path of assault. Orca Safety modifications that paradigm by visualizing cloud sources by the lens of an attacker.”
“Orca’s agentless cloud safety resolution is lightyears forward of its time,” mentioned Yoav Leitersdorf, Managing Associate at YL Ventures. “Due to a staff of extremely revered technologists and a strong new strategy to cloud safety, Orca’s attracted the trade’s prime expertise, closed high-profile clients and secured a complete of $82 million in funding in slightly below two years.”