糖心视频

Los Angeles-based cloud security provider landed a $55 million Series B less than seven months after closing its Series A.

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The new round was led by with participation from previous investors , and . Founded in 2019, the company now has raised a total of approximately $82 million.

As cloud usage has grown this year, so has Orca鈥檚 market, said co-founder and CEO .

鈥淐OVID certainly increased demand,鈥� he said. 鈥淢ost companies were moving to the cloud, but COVID accelerated it.鈥�

Guarding the cloud

Orca鈥檚 cloud-native solution can be used on major public clouds such as AWS, Microsoft Azure and Google Cloud Platform, and reads a company’s cloud configuration鈥攄etecting malware, misconfigurations and other vulnerabilities.

鈥淲e look at how all these companies are moving to the cloud, but most of the tools these companies use are not for the cloud,鈥� said , vice president at GGV Capital and co-founder of SVCI. 鈥淔iguring out how to build tools in an environment that is fundamentally different is interesting to us.鈥�

, CISO at and a member of SVCI, said Orca鈥檚 cloud-native approach of looking from inside an organization to find vulnerabilities is unique.

鈥淣early all early security was built from the outside looking in,鈥� he said. 鈥淥rca goes inside and looks at the bowels of an organization.鈥�

The company did not reveal a valuation from its Series B, but Shua said it 鈥済rew dramatically from its $20.5 million Series A.” Sales are 10 times what they were when Orca raised its Series A, he added.

Orca plans on using the new money to increase sales and marketing. The 70-employee company only had two salespeople a few months ago and there was a waitlist in August for customers to talk to the company, Shua said.

The company sells into many verticals, but has the best traction in industries focused on security such as financial services and fintech, he said. While Orca sees the majority of its business coming from North America, it is in the process of opening offices in Australia, Europe and Japan, Shua added.

Consolidation and big competitors

Cloud security and compliance has seen some consolidation through recent years and includes some of the largest cybersecurity vendors.

bought for $173 million in 2018 and followed that with acquiring for $410 million and for an undisclosed amount last year. The cyber giant used the trio to create its cloud security offering Prisma Cloud. Then in April, bought cloud security posture management company for approximately $145 million.

鈥淲e think Orca is different鈥� from those acquired, Yunger said. 鈥淲hat they have developed is an actual platform.鈥�

Shua said he is building Orca to be its own self-sustaining company and the market is there to do so.

鈥淚f I wanted to sell I wouldn鈥檛 have raised a Series B,鈥� Shua said.

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