Israeli cloud security startup Orca Security raised $55 million in a Series B round led by San Francisco-based investment firm ICONIQ Growth with participation from previous investors GGV Capital, YL Ventures, and Silicon Valley CISO Investments.
The company has raised over $82 million since it was founded in 2019 by former Check Point Software CTO Avi Shua and former Check Point executive Gil Geron. Orca 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.
The company says the new funds will help fuel “disruption of the cloud security industry with touchless, workload-deep, context-aware security and compliance for AWS, Microsoft Azure, and Google Cloud Platform.” Orca also says it plans to grow its R&D and sales teams and open new offices in the UK and Australia to serve the European and APAC market.
Shua, who serves as Orca CEO, said in a statement that “cloud security is fundamentally broken.”
“Practitioners are forced to waste their time installing and maintaining security agents instead of managing actual security risks. Even after spending years plumbing agents in their environment, coverage is usually limited to less than fifty percent. What’s worse, agent-based solutions lack context. They can’t see beyond individual issues residing on individual assets, which leads to a never-ending barrage of meaningless security alerts. The fact is, competing solutions view cloud resources as simple lists whereas bad actors see a graph with a clear path of attack. Orca Security changes that paradigm by visualizing cloud resources through the lens of an attacker,” he said.
“We are very impressed with the depth, ease of deployment and effectiveness of Orca Security’s technology, and believe in its potential to solve the growing problem in cloud security,” said Matthew Jacobson, general partner at ICONIQ Growth. “We have been fortunate to partner with many high growth, high impact, emerging market leaders with an unmatched approach to solving customer needs and we have full confidence in Orca Security’s long-term opportunity as an important technology leader.”