Microsoft-Backed Cybersecurity Co Aqua Raises $62M

Aqua Security announced that it has closed a Series C investment round of $62 million, led by Insight Partners. The company’s existing investors — Lightspeed Venture Partners, M12 (Microsoft’s venture fund), TLV Partners and Shlomo Kramer — also participated. This latest investment brings Aqua’s total venture funding to more than $100 million.

“As investors in several leading cloud technology providers, we were impressed by Aqua and its track record as a security leader in this hyper-growth space,” said Jeff Horing, co-founder and managing director of Insight Partners, in a press release. “Aqua’s vision, [its] unrivaled investment in open source technologies and deep relationships with strategic partners have created a tremendous opportunity as customers accelerate their move to cloud-native platforms. We look forward to Aqua joining the Insight portfolio, and seeing their continued growth.”

Founded in 2015, Aqua enables companies to secure their container-based and cloud-native applications, from development to production. This latest round of funding comes after a strong 2018 for the company — when it quadrupled its customer base; secured five of the world’s 10 largest container production deployments; boasted five of the world’s top-10 banks and six of the world’s 15 largest insurance companies as its customers; and served more than 100 blue-chip companies across the energy, aerospace, internet, media, travel, retail, pharmaceutical and hospitality sectors.

In addition, Aqua has extended its platform to support serverless environments, as well as major cloud and orchestration environments.

“We are thrilled to have Insight Partners as investors to propel Aqua’s next phase of growth,” said CEO and Co-founder Dror Davidoff of Aqua. “The adoption of cloud-native technologies provides an opportunity for security to be redefined, addressing the chronic cybersecurity skills shortage through automation, and creating applications that are secure by design. With this significant investment, and our focus on the needs of enterprise customers and product innovation, we can take the next step to realize our vision.”


New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.