Aqua Security Lands $135M Round at $1B Market Cap
March 11, 2021
Security completed a $135 Million in
Series E funding led by ION
Crossover Partners, putting Aqua’s
valuation in excess of $1 Billion.
The round included broad
participation from Aqua’s existing
investors, including M12 –
Microsoft’s venture fund, Lightspeed
Venture Partners, Insight Partners,
TLV Partners, Greenspring
Associates, and Acrew Capital. This
new round of investment follows a
period of tremendous growth and will
enable the company to broaden and
deepen its solution portfolio, as
well as expand its presence
Aqua Security’s total funding since its founding in 2015 now totals $265 million. The company’s focus on cloud native security has enabled enterprises adopting technologies such as Kubernetes and containers, serverless, and other cloud-based workloads to accelerate their business while meeting strict compliance and security requirements. Aqua’s customer list includes some of the world’s leading organizations including 5 of the top 10 banks in the world.
The funding comes on the heels of a stellar year for Aqua in 2020, in which the company achieved multiple milestones:
Aqua has doubled the number of paying customers with notable new customers in the federal, financial, energy, telecom, and automotive sectors.
Aqua now has half a dozen customers with an ARR of over one million USD each.
Aqua protects several of the world’s largest Kubernetes and container production environments, some with more than 10,000 nodes in a single environment.
Aqua’s Team Nautilus published groundbreaking cyber research on the rise in sophisticated, organized attacks that target the container supply chain, which served to further develop the company’s unique Dynamic Threat Analysis solution, a container sandbox that identifies malware undetectable by static analysis tools.
The adoption of Aqua’s open source tools more than doubled, with Trivy, Aqua’s open source vulnerability scanner, selected as the default scanner for the Harbor Registry, by GitLab, and for the CNCF’s Artifact Hub.
“Aqua has demonstrated that they
have the strongest products, and a
compelling vision for how to best
secure the modern technology stacks
being deployed across the world’s
largest enterprises” said Gili Iohan,
General Partner at ION Crossover
Partners. “In speaking with Aqua’s
customers, it was clear that Aqua
has the best platform for Kubernetes
and cloud native security. Its
ongoing innovative support for the
wide range of multi-cloud
environments, and superb customer
success, have helped customers
accelerate their move to cloud
native platforms. We look forward to
working with Aqua to further grow
the business to drive global
adoption and category dominance.”
“I am proud of what the Aqua team has accomplished in five short years,” said Dror Davidoff, CEO and co-founder of Aqua Security. “We delivered on our vision and have a clear direction forward to provide the best platform for cloud native security. We’ve shown that our research and development teams are ahead of the market with the launch of innovative products such as Aqua DTA, our new Kubernetes Security Posture Management, and the Aqua CSPM solution. As attacks targeting cloud native applications are now a fast-growing threat, we are here to empower our customers to protect their investment and secure their future in the cloud.”