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Aqua Security raises $60M and stays a unicorn.

Aqua Security, an Israeli cybersecurity business that protects cloud services, raised $60 million to bring its Series E investment to $195 million.

Aqua Security, founded in 2015 in Tel Aviv and Boston, provides cloud workload protection (CWPP), cloud security posture management, Kubernetes security posture management, software supply chain security, risk and vulnerability scanning, malware protection, and more to PayPal, Netflix, and Samsung.

Aqua has received $325 million since its founding, and its Series E extension round brings in lead investor Evolution Equity Partners, a cybersecurity-focused venture capital firm that opened a $400 million fund two years ago.

The investors included Aqua Security, Lightspeed Venture Partners, Insight Partners, and StepStone Group.

Aqua’s recent financial injection may show investor confidence as the business pursues expansion financing in a desert where investment beyond low single-digit startup rounds is scarce. Three years after its Series E round, Aqua Security’s value appears to have been steady. Aqua Security stated its worth was “in excess of $1 billion” in March 2021 and “above” $1 billion today.

Three years is a long time to wow investors with great growth figures, so a flat value may indicate that the company isn’t doing well. However, a new lead investor might validate the startup’s possibilities.

Eltrys Team
Author: Eltrys Team

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