Aqua Security maintains unicorn status in latest $60M funding

Aqua Security, a cybersecurity startup from Israel, has garnered an additional $60M in funding. This boosts its previously declared Series E round of funding to a remarkable $195M. To date, Aqua Security has accumulated roughly $325M in total.

• Founding Story: Originating in 2015, Aqua Security operates from Tel Aviv and Boston and boasts a client roster featuring companies like PayPal, Netflix, and Samsung. They were founded by Dror Davidoff and Amir Jerbi.

• Product Offerings: Aqua's versatile platform facilitates a range of services including cloud workload protection (CWPP), cloud security posture management, Kubernetes security posture management, software supply chain security, risk and vulnerability scanning, and malware protection.

• Newest Investor: The Series E extension round introduces lead investor Evolution Equity Partners, a venture capital firm with a significant focus on the cybersecurity industry. They initiated a new $400M fund just two years ago.

• Investor Line-Up: Aqua's existing investors, such as Lightspeed Venture Partners, Insight Partners, and StepStone Group, also contributed to the round.

Interestingly, Aqua Security's valuation appears to be unchanged from three years ago. In March 2021, the company's valuation was reported to exceed $1B, a figure that remains the same today.

This plateau in valuation over a three-year period could indicate potential difficulties. However, the introduction of a new lead investor could also highlight the belief in the startup's potential future success.