Torq, a late-stage startup selling AI-powered security automation technologies, has banked $70 million in a new funding round led by Evolution Equity Partners.
The New York-based company said the Series C brings the total raised to $192 million and provides capital to accelerate the adoption of its AI-driven security operations platform among Fortune 500 companies.
In addition to Evolution Equity Partners, the company said Bessemer Venture Partners, Notable Capital, Greenfield Partners and Strait Capital also took equity positions.
The company’s flagship product, Torq HyperSOC, uses artificial intelligence and natural language processing to automate threat investigation, triage, and remediation for enterprise security teams.
Torq is among a handful of well capitalized startups building technology to help with alert fatigue, resource constraints, and high turnover rates due to burnout. The software uses AI to identify and prioritize security incidents, manage response actions, and create an automated framework that alleviates the manual burden on human analysts.
The company said it has found traction with high-profile enterprise clients, including Procter & Gamble, PepsiCo, and Siemens.
Related: Intezer Raises $33M to Extend AI-Powered SOC Platform
Related: Microsoft Puts ChatGPT to Work on Automating Cybersecurity
Related: Dazz Scores Hefty $50M Investment for AI Risk Remediation
Related: Tines Bags $50 Million Funding for Security Workflow Automation
