Israeli startup Torq, which develops a code-free automation platform for information security teams, has announced a $ 50 million B round of funding. The current round of funding was led by the international investment fund Insight Partners, with the participation of SentinelOne and also included existing investors GGV Capital and Bessemer Venture Partners.
The company’s total funding now stands at $ 78 million. The money raised will enable Torq to accelerate technology development and company expansion, including a significant expansion of the development center in the country, to meet the demand for its services from enterprise customers of all types, from startups to Fortune 10 companies and security service providers worldwide.
“In the past year we have experienced meteoric growth from the customers who use our platform, a growth that proves that our innovative and groundbreaking approach to automation is essential for security teams seeking to meet the many challenges that exist today and help prevent future challenges,” he said. Said Ofer Samadri, CEO and co-founder of Torq. “The current recruitment led by the international investment fund Insight Partners, with the participation of SentinelOne is a significant milestone for us. We intend to significantly increase our expansion efforts, both in terms of products and massive recruitment, in order to help security teams operate more effectively and faster” .
“Torq’s rapid growth is a testament to how the platform makes it easier for security teams to provide better protection.” Said Steve Ward, Managing Director In the Insight Partners investment fund.
“As cyber security systems become more complex, an effective response to threats becomes increasingly difficult for cyber teams. At SentinelOne, we are committed to reducing complexity so that our customers can reduce risk through autonomous cyber protection. We are pleased to find a partner in the Torq team working to realize a vision This and participate in the current round of investment ” Said Tomer Weingarten, CEO of SentinelOne.
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