Aqua Security Software Limited has become the latest startup to join the unicorn club after the completion of $135 million in Series E funding round, which puts the Aqua’s valuation in excess of $1 billion.
The round was backed by the ION Crossover Partners with broad participation from the Aqua’s existing investors, which includes the Lightspeed Venture Partners, Acrew Capital, Insight Partners, Greenspring Associates, M-12 Microsoft Venture Fund, and TLV Partners.
According to the company report, the company has secured $265 million in funding since its foundation.
The startup was founded in 2015. It provides its customers with the freedom to innovate and run their businesses with minimal friction. The Aqua Cloud-Native Security Platform offers prevention, detection, and response automation across the entire application lifecycle to secure the build, cloud infrastructure, and running workloads wherever they are deployed.
Speaking about the new development, Dror Davidoff, CEO, and Co-founder of Aqua Security, said,
“We delivered on our vision and have a clear direction forward to provide the best platform for cloud-native security. We’ve shown that our research and development teams are ahead of the market with the launch of innovative products such as Aqua DTA, our new Kubernetes Security Posture Management, and the Aqua CSPM solution. As attacks targeting cloud native applications are now a fast-growing threat, we are here to empower our customers to protect their investment and secure their future in the cloud.”
Commenting on the investment, Gili Iohan, General Partner at ION Crossover Partners, added,
“Aqua has demonstrated that they have the strongest products, and a compelling vision for how to best secure the modern technology stacks being deployed across the world’s largest enterprises. While speaking with Aqua’s customers, it was clear that Aqua has the best platform for Kubernetes and cloud-native security.”
“Its ongoing innovative support for the wide range of multi-cloud environments, and superb customer success, have helped customers accelerate their move to cloud native platforms. We look forward to working with Aqua to further grow the business to drive global adoption and category dominance,” she said.