Orca Security Extends Series C Round to $550M; Valued to $1.8 Billion

Orca Security, a Los Angeles, CA-based cloud security innovation company, raised $550m in its extended Series C funding.

The round was led by Temasek, an investment company headquartered in Singapore and boosted its valuation to $1.8 Billion, with participation from CapitalG (Alphabet’s independent growth fund), Redpoint Ventures, GGV, ICONIQ Capital, Lone Pine Capital, Stripes, Adams Street Partners, Willoughby Capital, and Harmony Partners.

Led by Avi Shua, CEO and co-founder, Orca Security Orca Security is a cloud security innovation leader that provides instant-on security and compliance for Amazon Web Services (AWS), Google Cloud and Microsoft Azure. Its patent-pending SideScanning™ technology collects data directly from cloud provider APIs and the workload’s runtime block storage out-of-band. The company surfaces critical attack vectors, composed of the most serious risks such as vulnerabilities, malware, misconfigurations, weak and leaked passwords, lateral movement risk, misplaced PII, and more. It accomplishes this while guaranteeing security coverage for all cloud assets including virtual machines, containers, serverless functions, cloud storage buckets, VPCs, cryptographic keys, security groups, and much more.

Orca Security, which already serves key customers in this sector, including BeyondTrust, Hunters, Very Good Security, BigID, and many more, will leverage Temasek’s investment portfolio and global network to deepen its penetration into the APAC region and beyond, and into key industries such as telecom, financial services, transportation, consumer goods, and more. Orca Security plans to have over a dozen employees in the APAC region by the end of 2021 while continuing to expand its footprint and customer base in the UK, and across the EMEA region. The company is opening a physical office in London, where it will have an expanded sales presence, and a new R&D center, its first outside of Tel Aviv. Orca Security plans to have over two dozen employees working in London by the end of the year. The company is also expanding its global partner program and is continuing to build rapid customer traction with partners in the U.S., Europe, India, Australia, New Zealand, Latin America, and Japan. The company recently launched versions of its website in German, French, Chinese, and Japanese in order to support its partners, prospects, and customers.

In support of Orca Security’s global growth, the company announced today that it has hired Meghan Marks as chief marketing officer. Before joining Orca Security, Marks was CMO for Palo Alto Network’s Prisma Cloud business unit. Marks has a proven track record in driving impactful marketing at scale, including marketing leadership positions at Twistlock, Puppet, and Siemens. This appointment follows the one of Andy Ellis, a cybersecurity leader, who is also joining Orca Security as advisory CISO.

FinSMEs

06/10/2021