Security News > 2020 > May > Aqua Security raises $30M to boost the expansion of its cloud native security platform

Aqua Security, the market leader in protecting container-based, serverless and cloud native applications, announced that it has closed a Series D round of $30M led by Greenspring Associates, with participation by Aqua's existing investors - Insight Partners, Lightspeed Venture Partners, and TLV Partners.

This investment brings Aqua's total venture funding raised to more than $130M. "Aqua has made impressive strides building its customer base and establishing itself as a market leader in securing cloud native applications," said Hunter Somerville, General Partner at Greenspring Associates.

"Even under today's challenging business conditions, the company has demonstrated strong revenue growth, and an ability to introduce new, exciting products that differentiate their offering. With enterprises continuing to migrate aggressively to the cloud, we see Aqua as uniquely positioned to benefit from and enable that adoption."

More than 400 companies across the finance, energy, aerospace, internet, media, travel, retail, pharmaceutical and hospitality sectors utilize Aqua's cloud native security solutions.

Aqua acquired Cloudsploit in November 2019, expanding the companies offering into the Cloud Security Posture Management market, and introducing the company's first SaaS offering, Aqua CSPM. In April 2020, the company launched its second SaaS product, Aqua Dynamic Threat Analysis, the industry's first sandbox for containers to detect and mitigate the risk of hidden malware.

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