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Through its consulting partnership, SAIC will incorporate Orca Security in support of cloud migration, continuous risk assessment, and remediation. In support of Orca SecurityвЂ™s global growth, the company announced that it has hired Meghan Marks as chief marketing officer, andВ appointment that follows the hire of Andy Ellis, cybersecurity leader, who joined Orca Security as advisory CISO.ДЄccording to the company, new financial backing from SAIC and Splunk Ventures will help to secure broader cybersecurity ecosystems and infrastructure, positioning Orca Security as a leading CNAPP provider. To do this the company isВ expanding its global partner program including building traction with partners across these regions. In fact, Orca Security plans to have more than a dozen employees in the APAC region by the end of 2021, while also expanding its footprint in EMEA. Orca Security states it will leverage TemasekвЂ™s investment portfolio and global network to extendВ into the APAC region and beyond, and into industries such as telecom, financial services, transportation and consumer goods. 'We believe that this technical innovation helped earn the company recognition as a 2021 Gartner Cool Vendor.вЂќ 'It accomplishes this while guaranteeing 100% security coverage for all cloud assets including virtual machines, containers, serverless functions, cloud storage buckets, VPCs, cryptographic keys, security groups, and much more. 'This means that after a quick and easy one-time deployment, Orca Security surfaces critical attack vectors, composed of the most serious risks such as vulnerabilities, malware, misconfigurations, weak and leaked passwords, lateral movement risk, misplaced PII, and more. Shua says, вЂњOrca SecurityвЂ™s patent-pending SideScanning technology collects data directly from cloud provider APIs and the workloads runtime block storage out-of-band. We provide fast agentless deployment, 100% coverage of all cloud assets, and automatic prioritisation of the alerts that demand quick action.вЂќ 'Our growth is exploding because Orca Security simply works.

Orca Security CEO and cofounder Avi Shua says, вЂњCustomers are fed up with agent-based tools that claim run-time protection but de facto are little more than a gimmick, typically reach only a fraction of the environment, and don't provide the context security teams desperately need to prioritise critical alerts. This demand has resulted in Orca SecurityвЂ™s 800% year-over-year growth, the company states.

Orca SecurityвЂ™s C round also includedВ substantial participation from venture capital firms CapitalG (AlphabetвЂ™s independent growth fund), Redpoint Ventures, GGV, ICONIQ Capital, Lone Pine Capital, Stripes, Adams Street Partners, Willoughby Capital, and Harmony Partners.ДЄccording to the company, increasingly enterprise security teams are turning to OrcaвЂ™s Cloud-Native Application Protection Platform (CNAPP) to simplify the detection and prioritisation of security issues in minutes as opposed to months. The round boosted its valuation 50% in seven months to $1.8 billion.

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Orca Security has raised $550 million in its extended Series C fundraising round led by Temasek, an investment company headquartered in Singapore.

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