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- Aqua Security
Aqua Security Valuation, Funding & Investors
Aqua Security is valued at $1B as of January 2024.
Last Aqua Security valuation
$1B
Series E · Jan 2024
Last Aqua Security funding round
$60M
Series E · Jan 2024
Cumulative funding Aqua Security raised
$325M
across 7 funding rounds
Key investors in Aqua Security
TLV Partners
Lightspeed Venture Partners
M12
Insight Partners
Shlomo Kramer
Greenspring Associates
About Aqua Security
Aqua Security is a Tel Aviv-headquartered provider of cloud-native application security platforms protecting containerized and serverless workloads. The Aqua Platform scans images in CI/CD pipelines, enforces runtime policies on Kubernetes clusters, and monitors hybrid clouds from AWS, Azure, and Google Cloud. Serving over 400 enterprises including Deutsche Telekom and BNP Paribas, it blocks vulnerabilities with 99 percent accuracy across development to production. Recent integrations support OpenTelemetry for threat detection in microservices architectures.
Founded
2015
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1B (Jan 2024)
Aqua Security Valuation
Aqua Security is currently valued at $1B, based on its Series E in January 2024.
The $60M round was led by Evolution Equity Partners, with participation from StepStone Group, Lightspeed Venture Partners, TLV Partners and Insight Partners.
Aqua Security's valuation has grown 20x from $50M at its seed round in October 2015 to $1B in January 2024, across 3 priced rounds.
Aqua Security valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2024 | Series E | $1B |
| Mar 2021 | Series E | $1B |
| Oct 2015 | Seed | $50M |
Aqua Security Funding History
Aqua Security has raised a total of $325M across 7 funding rounds.
Aqua Security's first fundraising round was a $4M seed round in October 2015. The most recent completed round was a $60M Series E in January 2024.
Aqua Security funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2024 | Series E | Evolution Equity Partners (lead); StepStone Group; Lightspeed Venture Partners; TLV Partners; Insight Partners | $60M | $1B | Aqua Security, founded in 2015 and headquartered in Boston with R&D in Tel Aviv, is a cloud-native security platform company that protects containerized and serverless applications across cloud environments. The company offers Cloud-Native Application Protection Platform (CNAPP) solutions designed to help enterprises stop cloud-native attacks and secure digital transformations. In January 2024, Aqua Security closed a $60 million Series E extension round led by new investor Evolution Equity Partners, with participation from existing investors Insight Partners, Lightspeed Venture Partners, and StepStone Group. This extension valued the company above $1 billion, maintaining the valuation level established when the original $135 million Series E closed in March 2021. To date, Aqua Security has raised a total of $325 million since inception. The company demonstrated strong momentum in 2023, achieving a 65% increase in new business during the first half of the year and expanding its customer base to more than 500 enterprises, including Apple and JPMorgan Chase. The funding was intended to accelerate product development, expand market reach, and strengthen the company's position in the rapidly growing cloud security sector. |
| Mar 2021 | Series E | ION Crossover Partners (lead); Acrew Capital; Greenspring Associates; Capital One Ventures; Lightspeed Venture Partners; M12; TLV Partners; Insight Partners; Phoenix Financial | $135M | $1B | Aqua Security is a Boston- and Tel Aviv-based cybersecurity company specializing in cloud native security, providing a platform that protects cloud native applications from code to runtime, including Kubernetes, containers, serverless, and other cloud workloads. The company serves over 500 enterprise customers across 40 countries, including five of the top 10 banks worldwide, and secures more than 1.5 million workloads globally. On March 10, 2021, Aqua Security announced a $135 million Series E funding round led by ION Crossover Partners, with participation from existing investors including M12 (Microsoft's venture fund), Lightspeed Venture Partners, Insight Partners, TLV Partners, Greenspring Associates, and Acrew Capital. This round valued the company at over $1 billion post-money, bringing total funding since its 2015 founding to $265 million. The investment aims to broaden the solution portfolio, expand geographically, enhance go-to-market efforts, and pursue acquisitions. At the time of the round, Aqua had doubled its paying customer base in 2020, adding notable clients in federal, financial, energy, telecom, and automotive sectors. It reported half a dozen customers with ARR exceeding $1 million each and protected some of the world's largest Kubernetes environments with over 10,000 nodes. Post-round traction included strong growth, with the company later reporting more than doubled revenue over 18 months by October 2022, 4X YoY growth in its federal division, 3X in APJ and verticals like manufacturing and automotive, and channel revenue exceeding 80% of total by 2023. Aqua positioned itself ahead with innovations like Aqua DTA for Kubernetes Security Posture Management and CSPM solutions amid rising cloud native threats. |
| May 2020 | Series D | Greenspring Associates (lead); Lightspeed Venture Partners; M12; TLV Partners; Insight Partners | $30M | - | Aqua Security is a pure-play cloud-native security leader founded in 2015, focused on securing modern technology stacks including Kubernetes, containers, serverless, and other cloud-based workloads for enterprises. The company's platform enables organizations to accelerate adoption of cloud technologies while meeting strict compliance and security requirements. Aqua Security completed a Series D funding round in May 2020, raising $30 million led by Greenspring Associates. The round included participation from existing investors. By 2020, Aqua had doubled its number of paying customers and achieved notable milestones including half a dozen customers with annual recurring revenue exceeding $1 million each, and had secured five of the top ten banks in the world as clients. The company's total funding through the Series D round was $130 million across five financing rounds. In March 2021, Aqua announced its Series E round of $135 million led by ION Crossover Partners at a valuation exceeding $1 billion, bringing total funding to $265 million and demonstrating strong momentum in the cloud-native security market. |
| Apr 2019 | Series C | Insight Partners (lead); Shlomo Kramer; Lightspeed Venture Partners; M12; TLV Partners | $62M | - | Aqua Security is a cloud-native security company founded in 2015, providing solutions for securing Kubernetes, containers, serverless, and other cloud workloads, serving enterprises including major banks and Fortune 100 companies. The results detail later funding events, such as a $135M Series E in March 2021 led by ION Crossover Partners with participation from Insight Partners, Lightspeed, M12, and TLV Partners at over $1B valuation, bringing total funding to $265M, and a $60M Series E extension in January 2024 led by Evolution Equity Partners also above $1B valuation, totaling $325M raised. The company has pursued acquisitions like Argon in 2021 and noted plans for micro-acquisitions in 2021. |
| Sep 2017 | Series B | Lightspeed Venture Partners (lead); Shlomo Kramer; M12; TLV Partners | $25M | - | Aqua Security, founded in 2015 by Dror Davidoff and Amir Jerbi in Tel Aviv with headquarters later moved to Boston, develops a cloud-native security platform that protects container-based applications across the lifecycle from development to production, providing visibility, threat detection, and compliance enforcement integrated with DevOps tools. The company pioneered container and Kubernetes security solutions amid shifting industry focus from Docker to broader cloud-native stacks including serverless technologies. Lightspeed Venture Partners invested in Aqua Security's Series B round in 2017, with participation from investors including M12 and TLV Partners. Aqua Security has raised a cumulative total exceeding $325 million across multiple rounds since inception, achieving unicorn status with later Series E funding of $135 million in March 2021 at over $1 billion valuation led by ION Crossover Partners, followed by a $60 million extension in January 2024 led by Evolution Equity Partners while maintaining the $1+ billion valuation. Investors in later rounds included Lightspeed Venture Partners, Insight Partners, M12, TLV Partners, and others. The company serves over 500 enterprise customers, including 40% of Fortune 100 and major financial institutions, demonstrating strong traction in cloud workload protection and supply chain security. Post-2021 developments highlight robust growth, with 65% year-over-year increase in new business in 2023, recognition as a leader in GigaOm Radar for Container Security and KuppingerCole SSCS Leadership Compass, and awards like CISO Choice for CWPP. Despite rumors of acquisition interest, Aqua remains independent with around 500 employees after minor layoffs in 2022, positioning for potential IPO amid expanding cloud-native security demand. |
| Sep 2016 | Series A | M12 (lead); Shlomo Kramer; TLV Partners | $9M | - | Aqua Security raised a Series A round of $9 million USD on September 27, 2016. The investors included M12 as the lead, along with TLV Partners and Shlomo Kramer. |
| Oct 2015 | Seed | TLV Partners (lead); Shlomo Kramer | $4M | $50M | Aqua Security, founded in 2015, raised $6.1M in its Round A in October 2015 at a $50M post-money valuation. Investors included TLV Partners and Shlomo Kramer. The company provides cloud-native security for container-based, serverless, and cloud-native applications using machine learning and threat research. |
Who has invested in Aqua Security?
12 investors have backed Aqua Security across its funding rounds, including TLV Partners, Lightspeed Venture Partners, M12, Insight Partners, Shlomo Kramer and Greenspring Associates.
Lead investors include Evolution Equity Partners, ION Crossover Partners, Greenspring Associates, Insight Partners, Lightspeed Venture Partners and 2 other investors.
Aqua Security Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 7 | Lead | Oct 2015 | ||
| 5 | Lead | Sep 2017 | ||
| 5 | Lead | Sep 2016 | ||
| 4 | Participant | Oct 2015 | ||
| 4 | Lead | Apr 2019 | ||
| 2 | Lead | May 2020 | ||
| 1 | Participant | Mar 2021 | ||
| 1 | Lead | Mar 2021 | ||
| 1 | Lead | Jan 2024 | ||
| 1 | Participant | Jan 2024 | ||
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Start Free TrialAcquisitions by Aqua Security
Aqua Security has acquired 3 companies to date.
Last acquisition by Aqua Security was on December 1st 2021. Aqua Security acquired Argon Security for undisclosed valuation.
Latest Acquisitions by Aqua Security
| Description | Argon Security is a software supply chain security platform scanning code for vulnerabilities throughout the DevOps pipeline. Based in Tel Aviv, Israel, Argon analyzes open-source dependencies, container images, and CI/CD workflows with runtime protection. The platform detects SBOM issues and zero-days for enterprises using GitHub and Jenkins. Founded in 2022, it protects fintech and SaaS companies. | tfsec is an open-source static analysis tool that scans Infrastructure as Code templates for security vulnerabilities in Terraform configurations. Developed for cloud environments, tfsec identifies misconfigurations in AWS, Azure, GCP, and Kubernetes setups. The tool integrates with CI/CD pipelines and supports compliance checks against standards like CIS benchmarks. | CloudSploit is a Tel Aviv-based provider of automated security scanning for cloud environments including AWS, Azure, GCP, Oracle Cloud, and GitHub. Launched in 2015 as open-source, its hosted service performs read-only API checks across all regions, identifying misconfigurations in IAM, networking, and storage. DevOps and security teams receive prioritized alerts on hundreds of controls monthly. |
| HQ Country | |||
| HQ City | Tel Aviv | - | Washington, DC |
| Deal Date | 1 Dec 2021 | 12 Jul 2021 | 12 Nov 2019 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
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Aqua Security Competitors
Aqua Security competitors include listed companies like NSFOCUS and Rapid7, and private ones like Aikido Security, BigID, BlueVoyant and Bugcrowd.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $13M | - | $1B | 76.9x | ||
| Private | $100M | - | $1B | 10.0x | ||
| Private | - | - | $1B | - | ||
| Private | $100M | - | $1B | 10.0x | ||
| Publicly listed | $379M | $37M | $955M | 2.4x | ||
| Publicly listed | $860M | $63M | $836M | 1.3x |
Aqua Security Public Comps
Aqua Security is still privately-owned, but its public comps include NSFOCUS, BeiJing Certificate, Yubico, Rapid7, Riskified, Asiainfo Security, Mitek Systems, Eastcompeace Tech, Red Violet and CANCOM.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $379M | $37M | 2.6x | 2.4x | 26.1x | 25.6x | |||
| $125M | ($12M) | 6.7x | - | (70.9x) | - | |||
| $226M | $19M | 3.3x | 3.2x | 39.7x | 25.6x | |||
| $860M | $63M | 1.3x | 1.3x | 17.4x | 6.8x | |||
| $345M | ($31M) | 1.8x | 1.6x | (20.3x) | 19.0x | |||
| $1.2B | ($11M) | 1.2x | 1.1x | (126.2x) | 339.7x | |||
| $180M | $37M | 4.1x | 3.7x | 19.9x | 11.2x | |||
| $197M | $26M | 4.8x | - | 36.4x | - | |||
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Common questions about Aqua Security
| When was Aqua Security founded? | Aqua Security was founded in 2015. |
| Where is Aqua Security headquartered? | Aqua Security is headquartered in Ramat Gan, Israel. |
| Is Aqua Security publicly listed? | No, Aqua Security is a private, VC-backed company. |
| What is Aqua Security's valuation? | Aqua Security was last valued at $1B in its Series E in January 2024. |
| How much funding has Aqua Security raised? | Aqua Security has raised $325M across 7 funding rounds. |
| What was Aqua Security's last funding round? | Aqua Security's last funding round was a $60M Series E in January 2024, led by Evolution Equity Partners. |
| Who are Aqua Security's investors? | Aqua Security's investors include TLV Partners, Lightspeed Venture Partners, M12, Shlomo Kramer, Insight Partners, Greenspring Associates, Acrew Capital, ION Crossover Partners, Evolution Equity Partners, StepStone Group and 2 others. |
| Which companies are comparable to Aqua Security? | Companies comparable to Aqua Security include Aikido Security, BigID, BlueVoyant, Bugcrowd, NSFOCUS and Rapid7. |
| How many companies has Aqua Security acquired? | Aqua Security has acquired 3 companies, including Argon Security, tfsec and CloudSploit. |
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