US-based cloud security technology developer Orca Security secured $210m yesterday in a series C round co-led by CapitalG, internet and technology group Alphabet’s growth equity unit, at a $1.2bn valuation.
The round was co-led with Redpoint Ventures and included fellow venture capital firm GGV Capital, as well as Iconiq Growth, a growth equity vehicle for investment firm Iconiq Capital, and Silicon Valley CISO Investments (SVCI), an angel consortium formed by some 50 chief information security officers.
Founded in 2019, Orca has built cybersecurity software for cloud platforms including Amazon Web Services, Google Cloud Platform and Microsoft Azure.
The tool analyses and detects malware, misconfigurations and other risks based on the environmental factors including accessibility. The funding will be used to improve Orca technology including SideScanning, a software platform which helps users identify vulnerabilities on the cloud.
The company has raised nearly $300m in total, having most recently closed a $55m series B round in December 2020 led by Iconiq Growth and backed by GGV Capital, SVCI and YL Ventures.
GGV Capital led Orca’s $20m series A seven months before, investing alongside SVCI and YL Ventures, after the latter had provided $6.5m in seed funding in mid-2019.
CapitalG general partner Gene Frantz said: “Orca Security represents a revolutionary step forward in optimising cloud environments. Their touchless SideScanning technology is best-in-class, as confirmed by our extensive interviews with their ecstatic customers and by the senior Google security leaders who we invited to evaluate it.”
