What is Torq's latest funding achievement?

Torq recently raised $140 million at a $1.2 billion valuation.

Which major companies use Torq's AI security platform?

Marriott, PepsiCo, Procter & Gamble, Siemens, Uber, and Virgin Atlantic are among Torq's clients.

What is Torq's focus with its new funding?

Torq plans to accelerate AI SOC platform adoption and expand into the U.S. market.

Home / Business and Economy / Torq Secures $140M, Eyes AI SOC Dominance

Torq Secures $140M, Eyes AI SOC Dominance

12 Jan

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Summary

Torq secured $140 million in new funding.
The company achieved a $1.2 billion valuation.
Torq's AI platform protects major global companies.

Torq Secures $140M, Eyes AI SOC Dominance

Israeli cyber startup Torq has successfully raised $140 million, valuing the company at $1.2 billion. This substantial funding round aims to expedite the deployment of Torq's artificial intelligence-powered security operations center (SOC) platform and bolster its presence in the United States market. Since its founding in 2020, Torq has amassed a total of $332 million in funding.

The company's CEO, Ofer Smadari, stated that the new investment will accelerate their mission to lead the AI SOC market. Torq's advanced AI solutions offer critical security protection to a diverse range of major global corporations. Notable clients include industry giants such as Marriott, PepsiCo, Procter & Gamble, Siemens, Uber, and Virgin Atlantic.

The latest funding round was spearheaded by Merlin Ventures, with continued support from existing investors like Evolution Equity Partners, Bessemer Venture Partners, Notable Capital, and Greenfield Partners. This infusion of capital signifies strong market confidence in Torq's innovative approach to cybersecurity.