Cloud Security Startup Orca Security Raises $20 Million in Series A Round

Tel Aviv-based cybersecurity startup Orca Security Ltd. announced Tuesday it has raised $20 million in a series A funding round led by Multinational venture capital fund GGV Capital, an early backer of Chinese e-commerce giant Alibaba.

Existing investor YL Ventures GP Ltd. and Silicon Valley CISO Investments (SVCI) also participated in the round, bringing Orca Security’s total funding raised to date to $26.5 million.

Founded last year by a team of former executives at Nasdaq-listed network and cloud security provider Check Point Software Technologies Ltd., Orca Security develops cloud security software for detecting malware and vulnerabilities and protecting assets on Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform.

Orca Security’s technology includes SideScanning, a tool that reads the workloads’ run time block storage out of band and cross-references it with the cloud vendors’ application program interface (APIs).

As of January, Orca Security employed 28 people in Tel Aviv and additional offices in the U.S. and intends to grow its team to 50 by the end of 2020. The company plans to use the latest funding for expanding the team, furthering research and development, and establishing a go-to-market strategy.

“Organizations expect to have rapid cloud growth while maintaining security. This cannot be achieved by playing whack-a-mole with per-asset agent deployments,” Co-Founder and CEO Avi Shua said in a statement. “You cannot 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 added.

“Cloud Security” “Orca Security” Investments Cybersecurity “GGV Capital”