Finding technology vulnerabilities within a company’s systems in minutes is key to preventing the spread of a breach, and Orca Security’s solution for the problem is attracting investors.
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The Israel-based company, founded in 2019 by a group of former Check Point Software Technologies executives and architects, closed on a $20 million Series A funding round led by GGV Capital, with participation from YL Ventures and Silicon Valley CISO Investments.
Expected to grow to $12.7 billion by 2022, the cloud security market used to depend on network scanners and agent-based security tools to scan for security breaches. Today, Orca Security’s patent pending SideScanning technology aims to provide frictionless cloud security with the breadth and depth to quickly analyze all cloud assets for risks within minutes, such as finding vulnerabilities and high-risk data without agents or per asset integrations, according to Avi Shua, co-founder and CEO of Orca Security.
“When you have a large company with more than 200 people across an agency, there is a huge cost and something will be missed if you are not using the cloud, where you can do better full security without deploying any service,” he told Crunchbase News. “A lot of tools are agentless, but compromise on the depth, and therefore need to install some agent. We are the only one that can have depth with no agents.”
“It’s exciting to see Orca tackle the cloud frontier with an innovative approach that dramatically improves visibility while reducing operational costs,” Oren Yunger, investor at GGV Capital, said in a written statement.
Since the company is new, it is too early to talk about growth, Shua said. However, the new investment will be used to fuel additional company growth.
“We have built an amazing technology and success rate for customers,” he said. “To reach this market, which is already crowded from a messaging perspective, we will use a majority of the funding to recruit the right people and get the word out as much as possible.”Orca Security has 37 employees and plans to have around 50 by the end of the year, with new hiring to be divided between its U.S. and Israel offices, Shua said.
Illustration: Li-Anne Dias