Aqua Security have announced it has secured $60M in funding, led by new investor Evolution Equity Partners, with participation from existing investors Insight Partners, Lightspeed Venture Partners and StepStone Group. The funding, an extension of the company’s Series E round, places Aqua’s valuation above $1B.
Aqua has now raised $325 million since its founding in 2015. During that time, more than 500 enterprise companies worldwide, including 40% of the Fortune 100 companies, have adopted Aqua’s innovative cloud security approach.
Aqua serves six of the top 10 banks in North America, and six of the top seven banks in Canada, making it one of the the leading cloud native security providers for the financial services industry.
“Investors continue to recognise Aqua’s enormous potential and the surging demand for our solution,” said Dror Davidoff, co-founder and CEO of Aqua Security. “Eight years ago, we envisioned a world where all new applications would be built native to the cloud.
“Today, we are here in a market we pioneered with a purpose-built solution to protect customers’ digital transformations. We are excited for what’s ahead in 2024.”
The funding comes on the heels of a stellar 2023 for Aqua. In addition to realising a 65% increase in new business, Aqua was named to the Fortune Cyber 60 list of the most important venture-backed startups.
Aqua was also named a leader on GigaOm’s Radar for Container Security, an Overall Leader in the 2023 KuppingerCole Software Supply Chain Security (SSCS) Leadership Compass and a Representative Vendor in the Gartner Market Guide for Cloud-Native.
Aqua also earned top honours including CISO Choice Awards winner in the Cloud Workload Protection Platform (CWPP) category and the “Enterprise Cloud Security Solution Provider of the Year” in the CyberSecurity Breakthrough Awards.
“Aqua Security has built an innovative cloud security solution that solves the growing challenge of stopping cloud native attacks. Given the increasing adoption of cloud native applications across enterprises, Aqua’s growth trajectory is a rocket ship,” said Yuval Ben-Itzhak, General Partner at Evolution Equity Partners. “Led by a strong management team, and with a focus on customer success and innovation, Aqua stands out among a crowded vendor landscape.”
