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.

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.