Orca Security Lands $210M As It Looks To Grow in Los Angeles

Pat Maio
Pat Maio has held various reporting and editorial management positions over the past 25 years, having specialized in business and government reporting. He has held reporting jobs with the San Diego Union-Tribune, Orange County Register, Dow Jones News and other newspapers in Ohio, West Virginia, Maryland and Washington, D.C.
Orca Security Lands $210M As It Looks To Grow in Los Angeles

Orca Security Ltd., an Israeli-based cloud security startup with U.S. headquarters in Los Angeles, has closed a $210 million Series C round and has plans to expand locally as it takes on competitors.

"This cash infusion makes Orca one of the world's fastest cybersecurity companies to reach unicorn status," said Shua, referring to privately held startups valued at over $1 billion. He said Orca plans to become a publicly traded company at some point. "We are not looking to get acquired."

Orca Security has assembled a who's who list of clients. It includes online stock trader Robinhood, New York-based insurer Lemonade, San Francisco-based data analytics firm Databricks and North Carolina-based digital bank Live Oak Bank.

It provides cloud security through its patent-pending "SideScanning" technology. The technology plugs up potential vulnerabilities from cyber threats and replaces them by combining everything into a single platform.

The round was led by Mountain View-based CapitalG, Google's independent growth fund and Menlo-based Redpoint Ventures, said co-founder and CEO Avi Shua, in an interview.

The company competes against cloud security heavyweights such as Qualys Inc., Rapid7 Inc. and Tenable Inc.

But their biggest rival is Santa Clara-based Palo Alto Networks Inc., which has been in a public spat with Orca. Shua said his company is not backing down.

Over the next year, Orca Security plans to "rapidly grow its headcount" in L.A. by hiring more marketing personnel and engineers, as well as beef up its research and development operation in Tel Aviv, Shua said. It also plans to form sales offices in the United Kingdom and Australia.

The company has plans to move into a brick-and-mortar spot in L.A. once pandemic restrictions are lifted.

"It is a prime location," Shua said. "The future for us is hybrid."

Other participants in this latest round include previous investors such as San Francisco-based ICONIQ Capital, Menlo Park-based GGV Capital and San Francisco-based SVCI, or Silicon Valley CISO Investments, an angel investing syndicate geared to chief information security officers.

Founded in December 2019, Orca Security raised $55 million in Series B funding three months ago, and $20 million in a Series A round in May – giving the technology company a market valuation of $1.2 billion, said Shua in the interview.

Subscribe to our newsletter to catch every headline.


Snap’s Fourth Quarter Revenue Was the Company’s Slowest Growth Since Its IPO Six Years Ago

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

​Snap logo over a bunch of snap shots
Sebastian Miño-Bucheli

Snap Inc.’s trend of growing its user base but failing to adequately monetize them continues.

Read moreShow less

Behind Her Empire: Lisa Sequino on the ‘Light Bulb’ Moment That Launched JLo Beauty

Yasmin Nouri

Yasmin is the host of the "Behind Her Empire" podcast, focused on highlighting self-made women leaders and entrepreneurs and how they tackle their career, money, family and life.

Each episode covers their unique hero's journey and what it really takes to build an empire with key lessons learned along the way. The goal of the series is to empower you to see what's possible & inspire you to create financial freedom in your own life.

Behind Her Empire: Lisa Sequino on the ‘Light Bulb’ Moment That Launched JLo Beauty
Lisa Sequino

On this episode of Behind Her Empire, JLo Beauty Co-founder and CEO Lisa Sequino discusses how she transitioned from her corporate career to a more entrepreneurial path.

Read moreShow less