Aqua Security Secures $60 Million in Funding, Maintains Unicorn Status

Israeli cybersecurity startup Aqua Security has secured $60 million in additional funding, expanding its Series E round to $195 million. Aqua's platform, used by companies like PayPal and Netflix, offers cloud workload protection, Kubernetes security, and various cybersecurity services. The extension is led by Evolution Equity Partners, a venture capital firm specializing in cybersecurity, while existing investors such as Lightspeed Venture Partners and Insight Partners also participated.

Since its founding, Aqua Security has raised approximately $325 million, maintaining its unicorn status. Despite the funding boost, Aqua's valuation, previously 'in excess of $1 billion,' remains unchanged. This could indicate challenges or stability in a competitive landscape, while a new lead investor suggests continued confidence in Aqua's growth prospects.

The extension round provides Aqua Security with additional resources for expansion in a funding environment where larger rounds are scarce. With Evolution Equity Partners leading the round, it serves as external validation of Aqua's potential amid the evolving and demanding cybersecurity market.

Despite the unchanged valuation, Aqua Security's ability to attract funding and prominent clients underscores its significance in cloud-native cybersecurity, positioning itself for further growth and innovation in the industry.