Orca Security today announced that it had raised $55 million in Series B funding to support its goal of making cloud security more comprehensive and easier to manage for security teams.
Avi Shua, the company’s CEO, said Orca’s patent-pending SideScanning technology offers more comprehensive security, greater coverage across cloud platforms and deeper context so security teams know what incidents they have to tackle.
“Cloud security is fundamentally broken and practitioners are forced to waste their time installing and maintaining security agents instead of managing actual security risks,” Shua said. “Our solution lets security teams analyze for malware, identities and vulnerabilities and also offers more extended coverage of the cloud environment.”
With SideScanning, the system scans the database to the side of the shared storage in the cloud instead of scanning each individual workload. This lets security teams more easily fully scan their cloud environments.
“So the system gets scanned with more detail and coverage and no impact on the cloud workloads,” Shua explained.
Fernando Montenegro, principal industry analyst at 451 Research, part of S&P Global Market Intelligence, said when looking to secure a cloud infrastructure, security teams often struggle with how to minimize the effort it takes to install and manage agents while also achieving broad coverage.
“The approach that Orca took with its SideScanning technology offers an alternative that uses cloud-native mechanisms to address this balancing act from a different perspective,” Montenegro explained.
Shua said by the end of 2021, Orca Security plans to have nearly tripled its research and development team since its round A funding in May 2020. The company will also boost its sales team to nearly 30 people and has plans to expand its global partner network of MSSPs and systems integrators. Shua said target markets include fintech, software-as-a-service companies and large organizations with fragmented technology environments.
