Round led by Insight Partners with participation from SentinelOne, GGV Capital and Bessemer Venture Partners
Torq, a no-code automation platform for security teams, today announced that it has raised a $50M Series B round, led by New York-based global private equity and venture capital firm Insight Partners, with participation from SentinelOne. Existing investors GGV Capital and Bessemer Venture Partners also participated in the round, bringing Torq’s total funding to $78 million. The new funding will be used to further accelerate the company’s expansion to meet rapidly increasing demand from enterprise customers and managed security service providers.
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“With its intuitive product and experienced team, Torq is quickly becoming a leader in the industry. We’re thrilled to partner with the Torq team as they continue to grow.”
Cloud native technologies and the distributed workforce have resulted in a digital-first world, where businesses move faster than ever to reach customers across the globe. Today’s security teams must move at the speed of the business, while delivering protection across an increasingly complex, distributed environment and a growing number of attack vectors. This challenge is only increased by a scarcity of security talent. Delivering comprehensive protection is near-impossible with today’s patchwork of security tools, bound together by manual work, custom development, or professional services.
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Torq gives security teams a single, no-code platform for connecting security infrastructure and communication tools and automating workflows across these systems. By delivering intelligent automation, and data transformation in an intuitive visual interface, Torq helps security teams accelerate threat response and remediation, and deliver protection at the speed of modern business.
“Torq’s accelerated customer growth proves that a new approach to automation is essential for security teams seeking to meet the challenges of today and tomorrow,” said Ofer Smadari, CEO and co-founder at Torq. “We’re proud and humbled by the trust our customers place in us, and to be joined by Insight Partners and SentinelOne as we help security teams move faster and keep their organizations safer.”
