January 3, 2024 at 03:59PM
Aqua Security, a cloud native security platform company, has secured a $60 million extended Series E funding round, valuing the firm at over $1 billion. Led by Evolution Equity Partners, it saw participation from Insight Partners, Lightspeed Venture Partners, and StepStone Group. Aqua Security offers technology to enhance security for containerized and cloud-native applications.
Based on the meeting notes, here are the key takeaways:
1. Aqua Security, a leader in the cloud native security platform (CNAPP) space, has secured a $60 million extended Series E funding round, bringing their total funding since 2015 to $325 million.
2. The funding round was led by new investor Evolution Equity Partners, with previous backers Insight Partners, Lightspeed Venture Partners, and StepStone Group also increasing their equity stakes. This has resulted in Aqua Security achieving a unicorn valuation of over $1 billion.
3. Aqua Security provides technology aimed at enhancing security for containerized and cloud-native applications, offering full visibility and security automation throughout the applications’ lifecycle.
4. In related news, SentinelOne has announced plans to acquire PingSafe, a move that will add cloud native application protection platform (CNAPP) capabilities to its product portfolio. The financial terms of the transaction were not disclosed, but the acquisition is expected to close in the first quarter. SentinelOne intends to integrate PingSafe’s platform with its cloud workload security and cloud data security product line.
These are the main takeaways from the meeting notes.