Torq Raises $70M to Enhance AI-Driven Cybersecurity Automation

The Israeli startup targets $100M in annual recurring revenue by 2026 with new funding aimed at expanding global reach and advancing generative AI capabilities.

• Torq has raised a total of $112 million in 2024, bringing its total funding to $192 million since its inception in 2020.
• The Series C funding round was led by Evolution Equity Partners, with participation from Bessemer Venture Partners, Notable Capital, Greenfield Partners, and Strait Capital.
• Torq plans to use the new funds to expand across the EMEA and APAC regions, hire additional engineering and sales talent, and enhance its generative AI for security operations.
• The company has tripled its revenue and customer growth for the second consecutive year, with a customer base that includes multinationals like Telefonica, ZoomInfo, and Fortune 100 companies.
• Torq's AI-driven HyperSOC and Hyperautomation platforms are designed to automate and manage critical security operations, mitigating issues like alert fatigue and staff burnout.

4 Articles

PYMNTS VentureBeat TechCrunch