Aqua Security announces strategic investment from Capital One Ventures

By Joy Dumasia

Aqua Security, the cloud-native security provider, announced a strategic investment from Capital One Ventures, together with the appointment of Capital One Chief Information Security Officer Chris Betz to Aqua’s Executive Advisory Board. The announcement further validates Aqua’s leadership as a cloud-native security solution provider for financial services providers. Aqua has more than doubled its revenue in financial services in the past 12 months and counts 10 of the top 20 banks in the world among its customers.

Following a $135 million Series E funding round in March 2021, Aqua has experienced explosive growth, doubling its install base. Aqua now serves more than 25 per cent of the Fortune 100 and recently expanded into new key markets, including Federal, Asia Pacific, and Australia.

Aqua bolstered its executive leadership with four new c-suite appointments in recent months, including Limor Schwartz as Chief Financial Officer, Christopher Smith as Chief Revenue Officer, the company’s first-ever Chief Customer Officer Sharon Eilon, and first-ever Chief Marketing Officer, Matt Richards. Together, these industry veterans will help the company continue to accelerate its financial and customer growth.

Dror Davidoff, CEO and Co-Founder of Aqua Security, said: “Our full-life-cycle approach to cloud-native security is the driver behind our company’s rapid growth. Many vendors claim they offer full cloud-native security, but in reality, the ‘security is missing. They only offer visibility. With the additional support of Capital One, we will continue to make the cloud a safer place for enterprises.”

Jay Emmanuel, partner at Capital One Ventures, said: “Threat actors are shifting their focus to the cloud, and heavily regulated industries like financial services need to prioritise cloud-native security to reduce risk and meet compliance requirements. Aqua is a leader and innovator in the industry and a strong, full-life-cycle cloud-native application protection platform in the market. We are thrilled to partner with Aqua at a pivotal moment in this high-growth industry.”