Israeli cyber startup Torq has successfully secured $140 million in funding, bringing its valuation to $1.2 billion. This financial boost will enable Torq to enhance the adoption of its artificial intelligence-driven security operations center (SOC) platform and to broaden its presence in the U.S. market.
Funding Details and Goals
Founded in 2020, Torq aims to redefine the AI SOC marketplace. With this latest round of investment, the company’s total funding has reached $332 million. Ofer Smadari, CEO and co-founder of Torq, emphasized the importance of this funding in their mission to lead the AI SOC sector.
Key Investors
- Merlin Ventures led the recent funding round.
- Participation also came from existing investors, including:
- Evolution Equity Partners
- Bessemer Venture Partners
- Notable Capital
- Greenfield Partners
Clientele and Market Impact
Torq has established a diverse customer base that features major multinationals. Notable clients include:
- Marriott
- PepsiCo
- Procter & Gamble
- Siemens
- Uber
- Virgin Atlantic
As companies increasingly turn to AI for enhanced security, Torq is well-positioned to capitalize on this trend.
