42M

Torq, a self-described “hyperautomation” cybersecurity startup, today announced that it raised $42 million in an extension to its Series B funding round from investors including Bessemer Venture Partners, GGV Capital, Insight Partners, Greenfield Partners and Evolution Equity Partners. “Torq’s approach to a hyperautomation platform works across multiple pillars of the organizational cybersecurity platform, making the organization more resilient.”Smadari co-founded Portland, Oregon-based Torq alongside Ofer Smadari, Leonid Belkind and Eldad Livni in 2020. To that end, Torq lets IT teams create and deploy security workflows designed to integrate with existing cybersecurity infrastructure. Smadari asserts, however, that Torq gives customers the ability to choose which parts of their data are accessible to the Torq platform and where that data’s stored — e.g. According to Smadari, Torq, which makes money by charging an annual subscription, has grown revenue 300% in 2023 on 500% client base growth.