How Much Did Orca Security Raise? Funding & Key Investors

Orca Security has successfully raised significant funding through multiple rounds, with its latest being a Series C. The company specializes in providing comprehensive cloud security solutions for AWS, Microsoft Azure, and Google Cloud Platform.

Keep reading to explore the intricacies of Orca Security's fundraising journey and the investors backing this innovative platform.

What Is Orca Security?

Orca Security, founded in 2019, is headquartered in Tel Aviv, Israel, and Portland. The company specializes in providing instant-on, workload-level security for AWS, Microsoft Azure, and Google Cloud Platform. Their cloud-native solution detects malware, misconfigurations, and other vulnerabilities.

The company was founded by Avi Shua, Ety Spiegel Hubara, Gil Geron, Hadas Amitay, Liran Antebi, Matan Ben-Gur, Shay Filosof, and Wagde Zabit. Orca Security offers a range of services, including Cloud-Native Application Protection Platform (CNAPP) and Cloud Security Posture Management.

With a team of 251-500 employees, Orca Security continues to innovate in the cloud security space, ensuring comprehensive protection for multi-cloud environments.

How Much Funding Has Orca Security Raised?

1. Seed Round
   • Amount Raised: $6.5M
   • Date: June 2019
   • Lead Investors: YL Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the company's operations and develop its initial cloud security solutions.
2. Series A
   • Amount Raised: $20.5M
   • Date: March 2020
   • Lead Investors: Notable Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand product development and scale the team.
3. Series B
   • Amount Raised: $55M
   • Date: December 2020
   • Lead Investors: ICONIQ Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate market expansion and enhance cloud security offerings.
4. Series C
   • Amount Raised: $210M
   • Date: March 2021
   • Lead Investors: CapitalG, Redpoint
   • Valuation at Round: $1.2 billion
   • Motivation Behind the Round: To support rapid growth and achieve "unicorn" status.
5. Extended Series C
   • Amount Raised: $340M
   • Date: October 2021
   • Lead Investors: Temasek Holdings
   • Valuation at Round: $1.8 billion
   • Motivation Behind the Round: To further boost valuation and support global expansion, particularly in the Asia-Pacific region.

Total amount raised: $632M. Current valuation: $1.8 billion.

Key Investors

• Temasek Holdings
  • Details: Temasek Holdings is a Singapore-based investment company with a net portfolio value of approximately $283 billion. It operates 13 offices across nine countries.
  • Investment Focus Areas: Telecom, financial services, transportation, consumer goods.
  • Notable Investments: Alibaba, Airbnb, Gojek.
• CapitalG
  • Details: CapitalG is Alphabet’s independent growth fund, focusing on late-stage technology companies. It leverages Google's resources to help its portfolio companies grow.
  • Investment Focus Areas: Technology, growth-stage companies.
  • Notable Investments: Stripe, Lyft, Duolingo.
• Redpoint Ventures
  • Details: Redpoint Ventures is a venture capital firm that invests in early and growth-stage technology companies. It has a strong track record in backing successful startups.
  • Investment Focus Areas: Early-stage technology, growth-stage technology.
  • Notable Investments: Netflix, Snowflake, Twilio.
• ICONIQ Capital
  • Details: ICONIQ Capital is a private investment firm and multi-family office that serves influential families and organizations. It focuses on long-term investments in technology and growth-stage companies.
  • Investment Focus Areas: Technology, growth-stage companies.
  • Notable Investments: Uber, Airbnb, DocuSign.
• YL Ventures
  • Details: YL Ventures is a venture capital firm that specializes in seed-stage investments in cybersecurity startups. It has a strong presence in both Silicon Valley and Israel.
  • Investment Focus Areas: Cybersecurity, enterprise software, SaaS.
  • Notable Investments: Axonius, Twistlock, Orca Security.

What's Next for Orca Security?

Orca Security is poised to capitalize on the burgeoning cloud security market, projected to reach $37 billion by 2026. With plans to expand into the Asia-Pacific region and establish a new R&D center outside Tel Aviv, the company is well-positioned to leverage its innovative technology and strategic partnerships.

Future fundraising opportunities seem promising, given Orca Security's rapid growth and high valuation. The company may continue to attract significant investments to support its global expansion and technological advancements. However, challenges such as competition from other cybersecurity firms and the need to maintain rapid growth could pose hurdles along the way.

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