Orca Security, an Israeli cloud security startup founded by former Check Point Software Technologies executives Avi Shua and Gil Geron, has raised $55 million in a Series B funding round led by ICONIQ Growth, according to a prepared statement.
The Series B funding brings Orca's total financing to $82 million over the past two years, the company indicated. Previously, Orca raised $20.5 million in Series A funding in May and $6.5 million in seed funding last year.
Orca plans to use the Series B funding to nearly triple its research and development team and add 30 people to its sales team by the end of next year, the company said. In addition, Orca will use the funds to open new sales offices in the UK and Australia to serve the European and APAC markets.
Partner Program Coming Soon: Along with extending its cloud security market reach, Orca will announce an official partner program in the coming months, the company noted. Orca is focused on building partnerships in the markets where it is rapidly gaining customer traction, including the United States, UK, Germany, Australia and Japan.
A Closer Look at Orca
Orca offers SideScanning, an agentless cloud security solution designed to replace legacy vulnerability assessment tools, cloud security posture management (CSPM) and cloud workload protection platforms (CWPP) platforms, the company said. Organizations can use SideScanning to prioritize security alerts, accelerate incident response and keep pace with evolving cyber threats.
SideScanning is SaaS-based and delivers context-aware security and compliance for Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform (GCP), Orca stated. The solution treats an organization's cloud estate as an interconnected web of assets and prioritizes risk based on underlying security issues and environmental context.