Torq Raises $50M In Series B To Reinvent Security Automation For Modern Digital Enterprises
Dec 07, 2021•almost 4 years ago
Amount Raised
$50 Million
Round Type
series b
Description
Torq, a no-code automation platform for security teams, today announced that it has raised a $50M Series B round, led by New York-based global private equity and venture capital firm Insight Partners, with participation from SentinelOne. Existing investors GGV Capital and Bessemer Venture Partners also participated in the round, bringing Torq’s total funding to $78 million. The new funding will be used to further accelerate the company’s expansion to meet rapidly increasing demand from enterprise customers and managed security service providers.
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech