In a recent press release, Aqua Security announced a USD 60 million funding round. This financing was led by Evolution Equity Partners and included contributions from existing investors such as Insight Partners, Lightspeed Venture Partners, and StepStone Group. As part of the Series E extension, this new investment significantly raises the company’s valuation above USD 1 billion. Since its inception in 2015, Aqua Security has secured a total funding of USD 325 million, with approximately 500 enterprises globally adopting its cloud security methodologies.

Aqua Security serves banks and financial institutions across North America and Canada. The company plays an essential role in the evolving cloud-native security landscape for the financial services industry. According to Aqua Security officials, their mission is to enhance cloud-native application security by offering a unified platform that mitigates risks throughout the entire lifecycle of cloud applications. This approach supports developers and security teams alike.

Evolution Equity Partners’ investment in Aqua Security was driven by the company’s commitment to addressing cloud-native threats. The firm noted that with growing enterprise adoption of cloud-native technologies, Aqua Security’s expansion strategies are well-aligned with market trends. Specifically, Evolution Equity Partners highlighted that the platform offers comprehensive security solutions for software supply chains and runtime environments, thereby enabling businesses to expand their operations while minimizing risks.

Beyond financial services, Aqua Security also provides its cloud-native security services to federal government organizations. Through its Cloud Native Application Protection Platform (CNAPP), the company delivers end-to-end visibility of cloud infrastructures and vulnerabilities, allowing for prioritized risk reduction efforts. The platform supports multiple cloud environments including Docker, AWS, Google Cloud, OpenShift, VMware Tanzu, and Azure.

Headquartered in the United States, Evolution Equity Partners focuses on partnering with cybersecurity software companies that protect digital environments. The firm has a particular interest in businesses leveraging big data, machine learning (ML), artificial intelligence (AI), Software-as-a-Service (SaaS), mobile technologies, and the convergence of consumer and enterprise software to drive technological advancements. Some notable investments by Evolution Equity Partners include AVG Technologies, Cognitive Security, OpenDNS, Carbon Black, Security Scorecard, DFLabs, Eperi, DICE, and Panaseer.