Aqua Security

Aqua Security’s cloud-native application protection platform (CNAAP) provides security during the entire application lifecycle from development to production, allowing developers security wherever a build is deployed. The Aqua Platform is an integrated interface that provides access to threat analysis, cloud security posture management, and cloud workload protection capabilities.

Aqua’s paying customer base doubled in 2020 including more than six customers with annual recurring revenue (ARR) of over USD 1 million each. The company benefited from continued investment in sales, marketing, and customer success teams as well as an expansion into emerging technologies such as serverless computing. It also expanded features through acquisitions, including the container scanning software Trivy Vulnerability Scanner and cloud security posture management (CSPM) company CloudSploit. As of March 2021, the company had 400 customers across financial services, software, media, manufacturing, and retail industries. As of November 2021, the company’s financial services revenue increased more than two-fold year-over-year (YoY). The company also counted 10 of the top 20 global banks and over 25% of the Fortune 100 among its customers.

In July 2021, Aqua Security announced the acquisition of tfsec to expand its open-source cloud security portfolio which includes Tracee, Starboard, Kube-bench, and Kube-hunter. Aqua Security will also provide its existing users the ability to perform functions such as penetration testing, viewing runtimes, and forensic analysis using tfsec’s platform. Aqua Security also announced the acquisition of the Israel-based supply chain security startup Argon, for “tens of millions” of dollars in December 2021. The acquisition expanded Aqua Securities’ Cloud-Native Application Protection Platform (CNAPP) capabilities, which includes vulnerability management and infrastructure-as-code (IaC) security. Aqua Security’s Dynamic Threat Analysis (DTA) solution, which secures containerized applications, was also integrated with Argon’s supply chain protection technology to secure all stages of software build and release as well as ensure end-to-end integrity of cloud-native applications.

The company raised USD 135 million in Series E funding in March 2021 at a valuation of USD 1 billion. The round was led by ION Crossover partners to help Aqua develop its product, increase go-to-market activities, and expand geographical coverage. Aqua Security also reported plans to make more acquisitions in the future. In November 2021, the company secured an undisclosed amount from Capital One Ventures, and expects to utilize the funds to strengthen its product offering for enterprise cloud security.