Aqua Safety, an Israeli cybersecurity startup that helps corporations defend their cloud companies, has raised $60 million in funding, extending its beforehand introduced $135 million Collection E spherical of funding to $195 million.
Based in 2015, Tel Aviv- and Boston-based Aqua Safety claims clients equivalent to PayPal, Netflix and Samsung, which use the Aqua platform for companies spanning cloud workload safety (CWPP), cloud security posture administration, Kubernetes security posture administration, software program provide chain security, danger and vulnerability scanning, malware safety and extra.
The corporate has now raised round $325 million since its inception, and with its Collection E extension spherical Aqua ushers in lead investor Evolution Fairness Companions, a enterprise capital agency substantively targeted on the cybersecurity trade and which launched a brand new $400 million fund two years in the past.
Current Aqua Safety buyers together with Lightspeed Enterprise Companions, Perception Companions and StepStone Group additionally participated within the spherical.
In an arid funding panorama the place a lot past low single-digit seed rounds are exhausting to return by, Aqua’s newest money injection might point out a level of investor confidence as the corporate seeks new capital to energy progress. Nonetheless, Aqua Safety’s valuation has seemingly remained the identical because it was some three years in the past when its Collection E spherical was first introduced. In March, 2021, Aqua Safety mentioned its valuation was “in extra of $1 billion,” and at present it says its valuation is “above” $1 billion.
Three years is a very long time to woo would-be buyers with spectacular progress metrics, so a stagnant valuation might counsel that enterprise isn’t totally rosy — however on the flip-side, a brand new lead investor might additionally function an extra exterior validation of the startup’s potential prospects.
