Security Startup Torq Raises Cash at $1.2 Billion Valuation

The Israeli cybersecurity startup Torq is set to announce a significant milestone this Sunday, having successfully closed a $140 million funding round. This latest influx of capital elevates the company's valuation to an impressive $1.2 billion, underscoring its rapid growth and the increasing demand for innovative security solutions in the digital age. The funding round was led by prominent investors who are keenly interested in bolstering cybersecurity infrastructure amid rising global threats. Torq, known for its cutting-edge automation platform, aims to use the newly acquired funds to enhance its product offerings and expand its global footprint. The company provides businesses with tools to streamline and automate their security operations, reducing the complexity and time required to respond to threats. As cyberattacks become more sophisticated, Torq's solutions are proving to be invaluable for organizations seeking to protect their digital assets efficiently. The new valuation catapults Torq into the prestigious unicorn club, a testament to its innovative approach and robust market position. The startup plans to invest heavily in research and development, as well as to scale its team to meet the growing demands of its expanding customer base. With this strategic funding, Torq is poised to play a pivotal role in shaping the future of cybersecurity, offering robust defenses against the evolving landscape of cyber threats.

— Authored by Next24 Live