Israeli cloud security startup Orca Security has raised a $20 million Series A funding round led by global venture capital firm GGV Capital with participation from US-Israeli VC firm YL Ventures and SVCI (Silicon Valley CISO Investments,) the company announced Tuesday.
The funding will fuel additional company growth to help more worldwide customers gain deeper visibility into Amazon Web Services, Microsoft Azure and Google Cloud Platform at a fraction of the time and operational cost of alternative solutions, the company said in a statement.
Orca Security was founded in 2019 by former Check Point Software CTO Avi Shua and former Check Point executive Gil Geron. In June of that year, the Tel Aviv-based startup announced that it had raised $6.5 million in seed funding from YL Ventures.
The company says it created the first and only cloud security solution that can find vulnerabilities, malware, misconfigurations, leaked and weak passwords, lateral movement risk, and high-risk data without agents or per asset integrations, within minutes.
This is achieved through the company’s SideScanning tool, which reads workloads’ run time block storage out of band and cross-references it with the cloud vendors’ application program interface (APIs).
“Organizations expect to have rapid cloud growth while maintaining security. This cannot be achieved by playing whack-a-mole with per-asset agent deployments,” said Shua, CEO and co-founder of Orca Security. “You can’t continue to iterate on tools designed for on-prem environments and expect to win the coverage game in the cloud. You lose both agility and security. Orca Security has developed an entirely new way of helping organizations identify, understand and prioritize cloud security issues—without slowing their innovation or worrying about the thoroughness of their coverage.”
The company, which currently has 37 employees in Israel and US offices, plans to double its team and total business by the end of 2020. New hiring will be divided between the two offices.