Virtualization Technology News and Information
Aqua Security Raises $25 Million to Drive Expansion of Its Container Security Platform
Aqua Security, the market-leading container security platform provider, today announced $25 million in Series B funding, the largest funding to date in the container security space. Led by Lightspeed Venture Partners, the investment will enable Aqua to capitalize on the strong demand for its cloud-native container security platform and cement its leadership position as the security solution of choice for the world's largest companies. Existing investors Microsoft Ventures, TLV Ventures and Shlomo Kramer also participated in the round, which brings total investment in Aqua to $38.5 million.

"The rapid rise and convergence of DevOps, containers, and microservices-based applications is an opportunity to rethink application security," said Chris Schaepe, Partner, Lightspeed Venture Partners. "Aqua's success in leveraging containers to improve security provides visible customer value, as evident from the impressive customer adoption that the team at Aqua achieved in a very short time."

Gartner notes that "a complete strategy for container security must cover the entire life cycle of containers from creation into production and then back into development again for updates, patches and modifications - i.e., container life cycle protection." 1

The Aqua Container Security Platform delivers an advanced security solution for containerized environments, supporting both Linux and Windows containers, multiple orchestration environments, both on-premises deployments as well as on AWS, Azure, GCP, and other public clouds. Integrating early into container development, Aqua then uses a combination of intelligent defaults, machine learning, and threat research to provide full life cycle security for container-based applications.

Since Aqua first launched its platform in May 2016, it has acquired dozens of Global 1000 customers, among them two of the 10 largest financial services companies and three of the world's top 10 software companies. Fueled by this growth, the company has also quadrupled in size in that time frame, and has offices in San Francisco, CA, Burlington, MA, and London, UK. Earlier this year, Aqua was named in Red Herring's Hot 100 list for North America, won "Best Newcomer Security Company of the Year" by SC Media UK, and was recognized as a security Emerging Vendor by CRN.

"We are thrilled to have Lightspeed on board for our next phase of growth," said Dror Davidoff, CEO and co-founder at Aqua Security. "This investment is a huge vote of confidence in Aqua's market leadership, vision, and execution. We look forward to fast-tracking our product development and global market presence as we continue on our quest to provide better, seamless application security for the cloud-native era."

Published Wednesday, September 20, 2017 7:25 AM by David Marshall
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