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Container Security Company Aqua Raises $30 Million in Series D Round

Israel-based container security company Aqua Security has raised another $30 million in a Series D funding round, which brings the total raised to date to more than $130 million.

The latest funding round was led by Greenspring Associates, with participation from previous investors Insight Partners, Lightspeed Venture Partners, and TLV Partners.

“This funding will support the continued operation of the company as well as ongoing investment in new territory development in the Asia-Pacific, Latin America and South America regions,” Dror Davidoff, co-founder and CEO of Aqua Security, told SecurityWeek.Aqua Security raises another $30 million

Aqua Security provides solutions designed to help organizations secure their cloud, container-based and serverless applications and infrastructure. The company’s products provide visibility and security automation capabilities across an application’s lifecycle.

Its first SaaS offering, a cloud security posture management solution, was launched following the company’s acquisition of CloudSploit in November 2019. Its second SaaS product is named Aqua Dynamic Threat Analysis and it enables organizations to detect and mitigate threats in container images using a secure container sandbox.

Aqua says it has more than doubled revenue and employee headcount over the past year, and the company claims it now has over 400 customers across a wide range of sectors.

“Aqua has made impressive strides building its customer base and establishing itself as a market leader in securing cloud native applications,” said Hunter Somerville, general partner at Greenspring Associates. “Even under today’s challenging business conditions, the company has demonstrated strong revenue growth, and an ability to introduce new, exciting products that differentiate their offering. With enterprises continuing to migrate aggressively to the cloud, we see Aqua as well-positioned to benefit from and enable that adoption.”

Aqua previously raised $25 million in a Series B funding round in 2017 and $62 million in a Series C round in 2019.

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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.