Container security startup Aqua lands $62M Series C
Aqua Security, a startup that helps clients launch containers securely, introduced a $62 million Collection C funding at this time led by Perception Companions.
Present traders Lightspeed Enterprise Companions, M12 (Microsoft’s enterprise fund), TLV Companions and Shlomo Kramer additionally participated. With at this time’s funding, the startup’s investments since inception now complete over $100 million, in response to the corporate.
Early traders took an opportunity on the corporate when it was based in 2015. Containers had been barely a factor again then, however the founders had a imaginative and prescient of what was coming down the pike and their guess has paid off in an enormous approach as the corporate now has first-mover benefit. As extra firms turn to Kubernetes and containers, the necessity for a safety product constructed from the bottom as much as safe this sort of atmosphere is crucial.
Whereas co-founder and CEO Dror Davidoff says the corporate has 60 Fortune 500 clients, he’s unable to share names, however he can present some clues like 5 of the world’s high banks. As firms like that flip to new know-how like containers, they aren’t going to go entire hog with out a strong safety choice. Aqua offers them that.
“Our customers are all taking very dramatic steps towards adoption of those new technologies, and they know that existing security tools that they have in place will not solve the problems,” Davidoff instructed TechCrunch. He stated that the majority clients have began small, however then have expanded as container adoption will increase.
You might thank that an ephemeral idea like a container could be much less of a safety menace, however Davidoff says that the open nature of containerization truly leaves them susceptible to tampering. “Container lives long enough to be dangerous,” he stated. He added, “They are structured in an open way, making it simple to hack, and once in, to do lateral movement. If the container holds sensitive info, it’s easy to have access to that information.”
Aqua scans container photographs for malware and makes positive solely licensed photographs can run, making it troublesome for a foul actor to insert an insecure picture, however the ephemeral nature of containers additionally helps if one thing slips via. DevOp can merely take down the defective container and put a newly licensed clear one rapidly.
The corporate has 150 staff with workplaces within the Boston space and R&D in Tel Aviv in Israel. With the brand new inflow of money, the corporate plans to increase rapidly, rising gross sales and advertising, buyer assist and increasing the platform into areas to cowl rising areas like serverless computing. Davidoff says the corporate may double in measurement within the subsequent 12-18 months and he’s anticipating 3x to 4x buyer development.
All of that cash ought to present gas to develop the corporate as containerization spreads and firms search for a safety resolution to maintain containers in manufacturing protected.