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January 8, 2024

Aqua Security Makes a Splash with $60 Million Funding Boost

The Israeli unicorn wielding the sword of cloud-native security, has just conjured up a whopping $60 million in fundin

Breaking waves in the cybersecurity realm, Israeli unicorn Aqua Security has just surfed in a massive $60 million funding round. Led by Evolution Equity Partners, this funding surge showcases the continued trust of both existing and new investors in Aqua's cloud-native security prowess. As the company rides the current of success, let's dive into the details of how this funding boost is set to fortify Aqua Security's standing in the ever-evolving tech landscape.

Founded in 2015 in Tel Aviv, Aqua Security has become a stalwart in cloud-native security solutions, safeguarding businesses across the entire application lifecycle. With a strategic move to Boston in 2017, the company has not only expanded its reach but has also solidified its position as a key player in the industry. The recent funding, an extension of its Series E round, brings Aqua Security's total investment to an impressive $325 million, maintaining its valuation over $1 billion.

Aqua Security's integrated platform tackles attacks from software supply chain security to runtime protection, catering to both developers and security teams. With over 500 enterprise companies globally adopting Aqua's cloud security approach, including 40% of Fortune 100 companies, the company stands tall as a leading cloud-native security provider. Notably, it serves the majority of top banks in North America, cementing its crucial role in the financial services industry.

The funding surge is a crescendo to Aqua Security's stellar 2023. Boasting a remarkable 65% increase in new business, the unicorn earned accolades on Fortune's Cyber 60 list of important venture-backed startups. Awards, including the prestigious CISO Choice Award and the CyberSecurity Breakthrough Award, further highlight Aqua's commitment to excellence in the cybersecurity landscape.

As Aqua Security rides the momentum of this funding wave, CEO Dror Davidoff expresses excitement for the future. With a visionary perspective laid out eight years ago, Aqua Security now stands at the forefront of a market it pioneered. The colossal funding injection solidifies Aqua's commitment to protecting digital transformations, making 2024 a horizon of anticipation for what lies ahead. Stay tuned as Aqua Security continues to make waves, guarding the digital shores in the evolving seascape of cybersecurity.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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