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Press Release

Aqua Security achieves $60m in funding, surpassing $1bn valuation

Press Release by Aqua Security Mon 8 Jan 2024

Cloud native security provider Aqua Security has secured £47.2 million ($60 million) in additional funding. This round, led by new investor Evolution Equity Partners, is an extension of the company’s Series E funding.

The funding was supported by existing investors Insight Partners, Lightspeed Venture Partners, and StepStone Group,

This latest injection of capital elevates Aqua’s valuation to over £787.9 million ($1 billion).

Dror Davidoff, Co-founder and CEO of Aqua Security, said: “Eight years ago, we envisioned a world where all new applications would be built native to the cloud. Today, we are here in a market we pioneered with a purpose-built solution to protect customers’ digital transformations. We are excited for what’s ahead in 2024.”

Rapid Growth and Industry Recognition

Since its inception in 2015, Aqua Security has raised a total of £256 million ($325 million).

The company’s approach to cloud security has been adopted by over 500 enterprise companies globally, including 40% of the Fortune 100.

Notably, Aqua has become a leading cloud native security provider for the financial services industry, serving six of the top 10 banks in North America and six of the top seven banks in Canada.

Yuval Ben-Itzhak, General Partner at Evolution Equity Partners, said: “Given the increasing adoption of cloud native applications across enterprises, Aqua’s growth trajectory is a rocket ship.”

Last year in 2023 marked a significant year for Aqua, with a 65% increase in new business.

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