Torq, a company that pioneered AI-driven hyperautomation in the security industry, announced a $70 million investment to propel the mission of transforming SecOps through the Generative AI-based Torq Hyperautomation Platform and Torq HyperSOC solution.
Torq launched three years ago to transform SOC automation and operation teams with solutions that not only defend against sophisticated threats but also streamline and hyperautomate SecOps at the largest global enterprises.
Over the past three years, the company’s dedicated team has worked tirelessly to build the Torq Hyperautomation Platform which seamlessly integrates with any existing infrastructure and security tool, providing the unparalleled ability to instantly and precisely remediate security events, and orchestrate complex security processes at scale.
A major highlight of this funding round is a commitment to double down on GenAI. The company aims to provide even more sophisticated threat detection, response automation, and predictive capabilities by integrating these advanced technologies into the platform. This funding round reflects the company’s investors’ confidence and our technology’s strength.
Generative AI will enable the company’s systems to analyze vast amounts of data and generate actionable insights in real time. This will not only improve the accuracy and efficiency of SecOps but also enable our customers to stay ahead of adversaries with advanced defensive measures.
The Series C funding will accelerate our growth in several key areas:
- Innovation and R&D – Torq invest heavily in R&D to enhance our platform’s capabilities, ensuring how they stay ahead of emerging threats and provide our customers with state-of-the-art solutions.
- Expansion of the Talent Pool – To drive the vision forward, Torq needs the best minds in the industry. This funding will allow them to expand our team and bring in experts who are passionate about cybersecurity and Hyperautomation.
- Market Penetration and Customer Growth – With this funding, Torq will accelerate go-to-market strategy and scale our operations to reach more businesses and organizations globally.
- Customer Success and Support – Torq is dedicated to providing exceptional products and ensuring our customers have the support they need to maximize their investment in our technology. This funding will help Torq enhance our customer success programs and provide top-tier support to our growing client base.
KEY QUOTES:
“Our expanding customer base is clear validation of our approach and the value we deliver. For our existing customers, this funding means we can continue to enhance and refine our platform, offering sophisticated tools and capabilities to keep their operations secure. For new customers, it represents an opportunity to leverage our state-of-the-art technology from a company committed to pushing the boundaries of cybersecurity and automation.”
“As we move forward, our commitment to innovation and excellence remains steadfast. We’re excited about the possibilities ahead and are more determined than ever to lead the way in cybersecurity and Hyperautomation. Together, we will continue to build a safer, more resilient digital world.”
“Our Series C round underlines the fact that Torq customers, partners, and employees have combined into one of the most powerful, influential, and fastest-growing ecosystems in all of cybersecurity. We’ve rewritten the rules of the industry with Torq Hyperautomation and Torq HyperSOC, and our momentum reflects that shift. Torq has blown past all the frustrating, manual limitations of legacy SOAR that leave significant holes in the security perimeter. Torq plugs all those holes by delivering a new layer of AI-driven protection, all while making all of security operations more productive than ever.”
-Ofer Smadari, CEO and co-founder, Torq
“Today, Torq HyperSOC investigates, triages, and remediates many of Check Point’s internal security alerts without any human intervention. If an alert meets certain parameters based on organizational security policies, the platform takes relevant predefined steps, such as initiating an MFA challenge or locking out a suspicious user. We can react automatically to problems before they become security incidents.”
-Jonathan Fischbein CISO, Check Point
“The incredible growth, customer traction, and industry momentum Torq Hyperautomation and Torq HyperSOC are experiencing showcases how Torq is dramatically transforming cybersecurity for the better. Evolution is incredibly proud to back Torq as it continues to deliver such deep value for security operations teams worldwide. It’s now no longer a question of if, but when every enterprise will adopt AI-driven hyperautomation.”
-Richard Seewald, Founder and Managing Partner, Evolution Equity Partners
“Torq is a rising star in cybersecurity. Torq HyperSOC’s advanced AI capabilities are having a dramatic, positive impact on security operations teams worldwide by making them vastly more efficient and resilient than ever. Torq represents the next-generation of security operations and Notable Capital is certain the future is phenomenally bright for the company.”
-Oren Yunger, Managing Partner, Notable Capital
“Every day, IDC is engaged with SOC professionals who communicate the existential challenges they’re facing, both in terms of keeping up with ever-escalating threat complexity and volume, and the incredible burden that places on the shoulders of their teams. Torq is the first solution we’ve seen that effectively enables SOC professionals to mitigate issues including alert fatigue, false positives, staff burnout, and attrition. We are also impressed by how its AI augmentation capabilities empower these staff members to be much more proactive about fortifying the security perimeter.”
-Chris Kissel, Vice President, Security & Trust Products, IDC Research
“Torq offers an extensive feature set, as reflected in its high scores across most of the key criteria, including case management, and collaboration, automated alert prioritization, triage and curation, autonomous operations, and validation and red teaming, and has acquired an impressive portfolio of customers.”
-GigaOm in a 2024 Radar Report
