Fundz

Cybersecurity automation firm Torq lands $42M in expanded Series B

Jan 23, 2024

Amount Raised

$42 Million

Round Type

Series B

New YorkSecurityNetwork Security

Investors

Evolution Equity PartnersGreenfield PartnersInsight PartnersGGV CapitalBessemer Venture Partners

Description

Cybersecurity automation firm Torq announced a $42 million extension to its Series B funding round from investors including Bessemer Venture Partners, GGV Capital, Insight Partners, Greenfield Partners, and Evolution Equity Partners.

Quick answer

Torq raised $42 Million in a Series B round, dated January 23, 2024. Investors: Evolution Equity Partners, Greenfield Partners, Insight Partners, GGV Capital and Bessemer Venture Partners. Torq is based in New York, New York, United States.

How much did Torq raise?
Torq raised $42 Million in a Series B round on January 23, 2024.
Who invested in Torq?
Evolution Equity Partners, Greenfield Partners, Insight Partners, GGV Capital and Bessemer Venture Partners are named as investors in this round.
What does Torq do?
Torq is a no-code automation platform for security teams.
Where is Torq based and how big is it?
Torq is based in New York, New York, United States. Fundz records about 387 employees.
Who are the decision-makers at Torq?
Fundz holds 1 contact at Torq. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Security and Network Security around the same time

Companies in the same sectors as Torq that raised within 45 days of this round, from Fundz verified event records.

  • Reach Security raised $20M (Series A) on March 7, 2024.
  • Sweet Security raised $33M (Series A) on March 6, 2024.
  • SCATR raised $5M (Seed) on February 29, 2024.
  • Seal Security raised $7.4M (Seed) on February 13, 2024.
  • Aim Security raised $10M (Funding Round) on January 31, 2024.
  • Silverfort raised $116M (Series D) on January 23, 2024.

Who to call at Torq, and when

A new round usually means Torq is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Torq raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Torq, from your own LinkedIn network

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Company Information

Company

Torq

Location

New York, New York, United States

About

Torq is a no-code automation platform for security teams. Torq allows any security professional to connect to any system, anywhere, and easily create automated workflows that streamline security processes. Fortune 100 enterprises and cutting edge startups alike trust Torq to help them maximize their cybersecurity investments, respond to threats faster, and deliver protection at the speed of business.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Torq raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Torq raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.