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Cloud-native cybersecurity startup Aqua Security raises $60M and remains a unicorn

Image Credits: Aqua Security
Image Credits: Aqua Security

Aqua Security, an Israeli cybersecurity firm that assists businesses in protecting their cloud services, has secured $60 million in investment, bringing its previously disclosed $135 million Series E round to $195 million.

Aqua Security, based in Tel Aviv and Boston, claims customers such as PayPal, Netflix, and Samsung, who use the Aqua platform for cloud workload protection (CWPP), cloud security posture management, Kubernetes security posture management, software supply chain security, risk and vulnerability scanning, malware protection, and other services.

Aqua has received about $325 million since its founding. With its Series E extension round, the business welcomes lead investor Evolution Equity Partners, a venture capital firm primarily focused on the cybersecurity market that opened a new $400 million fund two years ago.

Existing Aqua Security investors such as Lightspeed Venture Partners, Insight Partners, and StepStone Group also took part in the round.

Aqua’s recent financial investment might signal a degree of investor trust as the business seeks more funds to propel expansion in an arid fundraising market where much beyond low single-digit startup rounds is hard to come by. However, Aqua Security’s value appears to have stayed unchanged since its Series E round was disclosed three years ago. Aqua Security stated in March 2021 that its valuation was “in excess of $1 billion,” and it now states that its worth is “above” $1 billion.

A stagnating value might indicate that business isn’t altogether rosy after three years of wooing would-be investors with attractive growth numbers. Conversely, a new lead investor could also serve as more external confirmation of the startup’s prospective possibilities.

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