Aqua Security reveals that it has secured $60 million in funding, which is an extension of the company’s Series E round, placing its valuation above $1 billion.

According to the company, the new investment was led by Evolution Equity Partners, with participation from existing investors Insight Partners, Lightspeed Venture Partners and StepStone Group.

Cloud security

Aqua says that it has now raised $325 million since its founding in 2015.

During that time, more than 500 enterprise companies worldwide, including 40% of the Fortune 100 companies, have adopted Aqua’s cloud security approach.

The company highlights that it serves six of the top ten banks in North America and six of the top seven banks in Canada, making it the leading cloud native security provider for the financial services industry. 

“Investors continue to appreciate Aqua’s enormous potential and the surging demand for our solution,” said Dror Davidoff, Co-Founder and CEO of Aqua Security.

“Eight years ago, we envisioned a world where all new applications would be built native to the cloud.

“Today we are here in a market we pioneered with a purpose-built solution to protect customers’ digital transformations.

“We are excited for what’s ahead in 2024.” 

Continued growth

“Aqua Security has built an innovative cloud security solution that solves the growing challenge of stopping cloud native attacks,” said Yuval Ben-Itzhak, General Partner at Evolution Equity Partners.

“Given the increasing adoption of cloud native applications across enterprises, Aqua’s growth trajectory is a rocket ship.

“Led by a strong management team and with a focus on customer success and innovation, Aqua stands out among a crowded vendor landscape.”