Aqua Security: $60 Million Funding Raised At Over $1 Billion Valuation

By Amit Chowdhry • Jan 4, 2024

Aqua Security – a  pioneer in cloud-native security – recently announced it had secured $60 million in funding, led by new investor Evolution Equity Partners, with participation from existing investors Insight Partners, Lightspeed Venture Partners, and StepStone Group. The funding – which is an extension of the company’s Series E round – placed Aqua’s valuation above $1 billion.

Aqua now raised $325 million since its founding in 2015. And during that time, more than 500 enterprise companies worldwide, including 40% of the Fortune 100 companies, have adopted Aqua’s innovative cloud security approach. Aqua serves six of the top ten banks in North America and six of the top seven banks in Canada, making it the leading cloud-native security provider for the financial services industry.

What does Aqua Security do? Aqua Security sees and stops attacks across the cloud-native application lifecycle in a single, integrated platform. Ranging from software supply chain security for developers to cloud security and runtime protection for security teams, Aqua helps customers reduce risk while building the future of their businesses. The Aqua Platform is one of the industry’s most comprehensive Cloud Native Application Protection Platform (CNAPP).


“Investors continue to appreciate Aqua’s enormous potential, and the surging demand for our solution. Eight years ago, we envisioned a world where all new applications would be built native to the cloud. Today we are here in a market we pioneered with a purpose-built solution to protect customers’ digital transformations. We are excited for what’s ahead in 2024.” 

— Dror Davidoff, co-founder and CEO of Aqua Security

“Aqua Security has built an innovative cloud security solution that solves the growing challenge of stopping cloud native attacks. Given the increasing adoption of cloud native applications across enterprises, Aqua’s growth trajectory is a rocket ship. Led by a strong management team, and with a focus on customer success and innovation, Aqua stands out among a crowded vendor landscape.” 

— Yuval Ben-Itzhak, General Partner at Evolution Equity Partners