Temasek Holdings has just put forth an investment in Los Angeles-based Orca Security, a cloud security provider.
Together with other investors such as CapitalG, Redpoint Ventures, GGV and Adams Street Partners, Temasek is investing US$550 million ($747 million) in the company.
With this the company – which has attained unicorn status saw a 50% jump in its valuation to US$1.8 billion in seven months.
Avi Shua, CEO and co-founder of Orca Security is “excited” to have Temasek onboard as an investor.
“The breadth of Temasek’s portfolio and networks will help deepen our penetration into the APAC region and beyond, and into key industries such as telecom, financial services, transportation, consumer goods, and more,” he explains.
The company has a growth rate of 800% y-o-y.
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“Our growth is exploding because Orca Security simply works. We provide fast agentless deployment, 100% coverage of all cloud assets, and automatic prioritization of the alerts that demand quick action,” quips Shua.
The company is looking to tap on the strategic investment to expand its footprint and help more companies and governments gain instant-on security and compliance for AWS, Azure, and Google Cloud estates.
To facilitate these transformation efforts, Shua intends to have a dozen employees in the APAC region by the end of the year.
Founded in 2019, Orca Security has partners in Japan, India, Australia and New Zealand. More recently, the company launched versions of its website in Chinese and Japanese to better support its partners, prospects and customers in the APAC region.
Orca Security is also expanding into the United Kingdom and across Europe, Middle East and Africa. Specifically, the company will set up a sales office and a new R&D center in London – its first outside of Tel Aviv, Israel.
Cover image: Bloomberg