PR92054

LOS ANGELES and SINGAPORE, Oct. 5, 2021 /PRNewswire=KYODO JBN/ --

Fundraising led by Singapore-headquartered Temasek (https://www.temasek.com.sg/en/index)

has raised $550 million in an extended C fundraising round for Orca Security

(https://orca.security/), the cloud security provider announced today

along with details on its rapid global deployment, which include APAC markets.

Founded in 2019 and headquartered in Los Angeles, Orca Security already has

partners in Japan, India, Australia, and New Zealand. Hitachi Solutions, Ltd.

is a leading Japanese partner and notable customers include Japanese buy now

pay later Fintech firm, Paidy(https://orca.security/resources/case-study/multi-cloud-security-case-study/) and Zip.co(https://orca.security/resources/case-study/case-study-zip-vulnerability-scanning-tools/).

The company recently launched versions of its website in Japanese in order to

better support its partners, prospects, and customers in APAC.

"We are excited to have Temasek onboard as an investor," said Avi Shua, CEO and

co-founder of Orca Security. "The breadth of Temasek's portfolio and networks

will help deepen our penetration into the APAC region and beyond, and into key

industries such as telecom, financial services, transportation, consumer goods,

and more. Orca Security plans to have over a dozen employees in the APAC region

by the end of 2021."

"We have a large and complex multi-cloud environment with hundreds of

developers pushing code into the cloud, spinning instances up and down, and

moving so fast that it's difficult to know what we have," said Felix Beatty,

CISO of Paidy. "Orca Security tells us the security posture of all of our cloud

assets, but without the headache of having to install and maintain agents or

network scanners. Orca also makes it easy to discover vulnerable PII and comply

with data privacy laws including Japan's Cross-Border Privacy Regulation and

Personal Information Protection Law."

Orca Security's C round of funding included substantial participation from

venture capital firms CapitalG (Alphabet's independent growth fund), Redpoint

Ventures, GGV, ICONIQ Capital, Lone Pine Capital, Stripes, Adams Street

Partners, Willoughby Capital, and Harmony Partners. The extended Series C round

led by Temasek boosted Orca Security's valuation 50 percent to $1.8 billion

after just seven months.

The strategic investment will further accelerate the transformation of the

cloud security industry and expand Orca Security's global footprint and help

more companies and governments gain instant-on security and compliance for AWS,

Azure, and Google Cloud estates.

Besides the APAC region, Orca Security is expanding in the UK, and across the

EMEA region, with a sales office in London and a new R&D center, its first

outside of Tel Aviv. Orca Security plans to have over two dozen employees

working in London by the end of the year.

Gartner's latest 2021 forecast for worldwide public cloud services is a 26.2%

increase. The research and advisory firm expects post-COVID pandemic

acceleration of cloud adoption by enterprises, driving a five-year compound

annual growth rate (CAGR) of 21.5%. As a result, worldwide public cloud

services are predicted to grow from $387.7 billion in 2021 to $805.5 billion in

2025.[1]

Orca Security has had 800 percent year-on-year growth. Its patent-pending

SideScanning(TM) technology collects data directly from cloud provider APIs and

the workload's runtime block storage out-of-band. We believe that this

technical innovation helped earn the company recognition as a 2021 Gartner Cool

Vendor( https://orca.security/resources/blog/cspm-2021-gartner-cool-vendor/).

"Our growth is exploding because Orca Security simply works. We provide fast

agentless deployment, 100 percent coverage of all cloud assets, and automatic

prioritization of the alerts that demand quick action," said Shua.

[1] Gartner(R), Market Trends: Cloud Shift — 2020 Through 2024

By Michael Warrilow, Ed Anderson, Colleen Graham, Published 13 August 2020

APAC Media Contact

Sylvia McKaige

Sylvia.mckaige@salweengroup.com

Mobile: +65 9476 2581

SOURCE: Orca Security