Aqua Security, a Boston MA-based cloud native security company, has secured $60 million in funding in an extension of its Series E round. The company has raised $325 million since its founding.
SaaS Investors
The investment, led by new investor Evolution Equity Partners and with participation from existing investors Insight Partners, Lightspeed Venture Partners, and StepStone Group, pushes Aqua's valuation above $1 billion.
Founded in 2008, Evolution Equity Partners is a growth capital investment firm based in New York, New York. The firm prefers to invest in operating in cybersecurity, enterprise software, big data, machine learning, artificial intelligence, SaaS, and mobile sectors.
Aqua Security Use of Funds
The company will use the funds to further support its growth and innovation in the cloud security space.
About Aqua Security
Founded in 2015, Aqua Security is a software company that specializes in providing cloud-native security solutions. The company's platform provides full visibility and security automation across an application's entire lifecycle as well as prevents suspicious activities and attacks, enabling enterprises to secure their container-based applications from development to production, accelerate container adoption, and bridge the gap between DevOps and IT security. Aqua Security has a significant presence in the financial services industry, serving six of the top 10 banks in North America and six of the top seven banks in Canada. The company serves over 500 enterprise companies globally, including 40% of the Fortune 100. Aqua is headquartered in Boston, MA, and Ramat Gan, IL with Fortune 1000 customers in over 40 countries.
Funding Details
Company: Aqua Security Software Ltd.
Raised: $60.0M
Round: Series Extension
Funding Month: January 2024
Lead Investors: Evolution Equity Partners
Additional Investors: Insight Partners, Lightspeed Venture Partners, and StepStone Group
Company Website: https://www.aquasec.com/
Software Category: Cloud Security Software
Source: https://www.aquasec.com/news/60m-additional-funding/