Funding round
Orca Security Series C
Orca Security, which works in cloud security platform development in Tel Aviv-Yafo, raised $550M in a Series C round announced on 5 Oct 2021, led by Temasek, at a $1.80B post-money valuation. 13 firms took part. It is Orca Security's fifth venture round on record; the one before was a Growth in Jul 2021.
$550M
Amount raised
$1.80B
Post-money valuation
$1.25B pre-money
13
Investors
1 lead
1.0x
Step-up from the Growth
$1.75B in Jul 2021
31%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Orca Security at $1.80B after the new money, 1.0 times the $1.75B of its Growth (Jul 2021). The $550M bought investors about 31% of the company. It came 3 months after Orca Security's Growth. It is 70% of the $782M Orca Security has raised in the venture rounds on record. No later venture round is on record for Orca Security.
Orca Security's funding rounds
Orca Security has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Temasek led the round with 12 other firms.
Lead investor
- Temasek backs 195 venture-backed companies new investor
Also in the round
- CapitalG backs 70 venture-backed companies new investor
- Redpoint Ventures backs 194 venture-backed companies new investor
- GGV new investor
- ICONIQ Capital new investor
- Lone Pine Capital new investor
- Stripes backs 101 venture-backed companies new investor
- Adams Street Partners backs 61 venture-backed companies new investor
- Willoughby Capital new investor
- backs 30 venture-backed companies new investor
- Science Applications International Corp. new investor
- Splunk Ventures new investor
- backs 17 venture-backed companies
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
500 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $62M, and this round was 8.9 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| ClickUp Tech Companies | 27 Oct 2021 | $400M | $4.00B | Andreessen Horowitz and Tiger Global |
| Rippling Tech Companies | 21 Oct 2021 | $279M | $6.52B | Sequoia Capital |
| Tech Companies | 8 Oct 2021 | $275M | $10.00B | Sequoia Capital and Coatue |
| Tech Companies | 11 Oct 2021 | $250M | $6.00B | Greenoaks and Insight Partners |
| Tech Companies | 28 Oct 2021 | $188M | $1.30B | Sapphire Ventures |
| HiBob Tech Companies | 13 Oct 2021 | $150M | $1.65B | General Atlantic |
| Tech Companies | 7 Oct 2021 | $135M | $1.00B | Altimeter |
| Tech Companies | 26 Oct 2021 | $111M | not disclosed | not named |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Orca Security raise in its Series C round?
Orca Security raised $550M in its Series C round, announced in Oct 2021.
Who led Orca Security's Series C round?
Temasek led it, with CapitalG, Redpoint Ventures, GGV, ICONIQ Capital and Lone Pine Capital and 7 more.
What was Orca Security's valuation at the Series C round?
$1.80B post-money ($1.25B pre-money).
How does it compare with other Series C rounds in Tech Companies?
500 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $62M, and this round was 8.9 times the median.