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Aqua Security Scores $60M Series E Funding

Late-stage player in the CNAPP space secures a $60 million extended Series E funding round at a valuation north of $1 billion.

Aqua Security, a late-stage player in the cloud native security platform (CNAPP) space, has banked a $60 million extended Series E funding round at a valuation north of $1 billion.

The Israeli container security firm said the funding round was led by new investor Evolution Equity Partners.  Previous backers Insight Partners, Lightspeed Venture Partners and StepStone Group also expanded equity stakes.

Aqua Security has raised $325 million since its founding in 2015 and the ‘unicorn’ valuation is being publicly positioned as validation for the company’s technologies and market share.

Aqua Security provides technology to help organizations improve security for containerized and cloud-native applications. The company’s software touts full visibility and security automation across an application’s entire lifecycle.  

The new funding coincides with SentinelOne’s plans acquire PingSafe in a cash-and-stock deal that adds cloud native application protection platform (CNAPP) capabilities to its product portfolio.

Financial terms of PingSafe transaction, which is expected to close in the first quarter, were not disclosed.

SentinelOne, based in Mountain View, Calif., plans to combine PingSafe’s cloud native application protection platform (CNAPP) with its own cloud workload security and cloud data security product line.

Related: Container Security Firm Aqua Raises $62 Million 

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Related: Aqua Security Raises $30 Million in Series D Round 

Related: Aqua Security Touts Billion-Dollar Valuation

Related: What’s Behind the Surge in Cybersecurity Unicorns?

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

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