On Tuesday, cybersecurity company Orca Security announced that it raised $20.5 million in a Series A led by GGV Capital. This brings the LA-based startup’s total funding to $27 million in less than a year.
Orca Security began in 2019 when CEO Avi Shua was at a beachside coffee shop in Tel Aviv. Shua had worked as chief technologist at cybersecurity firm Check Point and before that he served in the Israel Defense Forces as a software developer. Despite his time in the industry, Shua hadn’t found a good way to protect assets on the cloud from cyber risks — particularly assets on Amazon Web Services, Google Cloud Platform and Azure. So Shua launched Orca Security to fill that need.
The company’s platform can scan a customer’s assets and provide alerts about potential risks. Orca lauds the speed at which its technology can do this, comparing it to other solutions that can take months to deploy.
“Organizations expect to have rapid cloud growth while maintaining security. This cannot be achieved by playing whack-a-mole with per-asset agent deployments,” Shua, the company’s CEO and co-founder, said in a statement. “You can’t continue to iterate on tools designed for on-prem environments and expect to win the coverage game in the cloud. You lose both agility and security.”
He continued: “Orca Security has developed an entirely new way of helping organizations identify, understand, and prioritize cloud security issues — without slowing their innovation or worrying about the thoroughness of their coverage.”
The new funding will be used to accelerate future company growth. The young startup will invest in its go-to-market and R&D efforts. It also plans to double its employee headcount across its LA and Tel Aviv offices by the end of 2020.
