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Cloud Security Company Orca Raises $210 Million at $1.2 Billion Valuation

Cloud security firm Orca has achieved “unicorn” status after raising $210 million in a Series C funding round that values the company at $1.2 billion.

The latest funding, which brings the total raised by Orca to nearly $300 million, was led by CapitalG, the independent growth fund of Google’s parent company Alphabet, and Redpoint Ventures. GGV Capital, ICONIQ Growth and Silicon Valley CISO Investments (SVCI) also participated.

Orca Security becomes unicorn

Orca says it plans on using the money to fuel its growth. By the end of the year, the company wants to expand with offices in Europe and Australia, and to significantly increase its sales and R&D teams. Orcla claims that last year it recorded year-over-year growth of more than 1,000 percent.

The company has developed a cloud security platform designed to help organizations identify security and compliance issues. Its agentless SideScanning technology reads cloud configuration metadata and workload runtime block storage in an effort to identify potential vulnerabilities, misconfigurations, malware, password-related issues, weaknesses that can be exploited for lateral movement, and unprotected personal information.

At least a dozen cybersecurity companies achieved unicorn status in the past four months. The list includes Aqua, Axonius, BigID, Coalition, Forter, ID.meLacework, OwnBackup, Socure, Venafi and Wiz.

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Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.