Torq Raises $70M in Series C
Torq has successfully raised $70M in a Series C at a $1B valuation led by Bessemer Venture Partners, GGV Capital, Evolution Equity Partners, Greenfield Partners.
Company Overview
Torq is a Security Automation company headquartered in 1 Azrieli Center, Tel Aviv 6702101, Israel, founded in 2020 with 200+ employees.
No-code security automation
Fundraising Details
- Amount Raised: $70M
- Round Type: Series C
- Valuation: $1B
- Date: 2024-08-29
- Investors: Bessemer Venture Partners, GGV Capital, Evolution Equity Partners, Greenfield Partners
About Torq
No-code security automation The company is positioned in the Security Automation sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 1 Azrieli Center, Tel Aviv 6702101, Israel
- Founded: 2020
- Team Size: 200+
- Industry: Security Automation
What This Means
This funding round demonstrates strong investor confidence in Torq's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Security Automation sector continues to attract significant investment as companies innovate to meet evolving market demands. Torq's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1B valuation marks an important milestone for Torq, positioning the company among notable players in the Security Automation industry.
Looking Ahead
With this new capital, Torq is well-positioned to execute on its growth strategy and continue building innovative solutions in the Security Automation space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-08-29. For more information about Torq, visit their headquarters at 1 Azrieli Center, Tel Aviv 6702101, Israel.
