Torq raises $70M to automate cybersecurity workflows

Torq, a leading provider of generative AI-powered security operations platforms, today announced a $70 million Series C funding round led by Greylock Partners, with participation from existing investors Andreessen Horowitz (a16z), Sequoia Capital India, and Tiger Global. This brings Torq’s total funding for 2024 to $112 million.

The new funding will be used to accelerate Torq’s product development and expand its go-to-market efforts. The company plans to invest heavily in research and development, focusing on enhancing its generative AI capabilities and expanding its platform’s features. Additionally, Torq will use the funds to grow its sales and marketing teams, as well as to expand its global footprint.

We're excited to announce our $70M Series C! In 2024, we hit 3X revenue & F500 customer growth for the 2nd year in a row & we’re aiming for $100M in ARR by 2026. We’re using the funding to double down on Generative AI & deliver autonomous SOC capabilities: https://t.co/Ux9hp9zbol pic.twitter.com/UWaWRBJ8Qa

— Torq (@torq_io) September 24, 2024

Torq’s platform leverages generative AI to automate and improve security operations. By using machine learning and natural language processing, Torq can analyze large volumes of data to identify potential threats and vulnerabilities. The platform also provides security teams with actionable insights and recommendations, helping them to respond more effectively to incidents.

“We are thrilled to partner with Greylock Partners and our existing investors as we continue to revolutionize the security operations landscape,” said Ofer Smadari, CEO of Torq. “This new funding will enable us to double down on our commitment to delivering innovative solutions that help organizations protect themselves from cyber threats.”

“Torq’s ability to leverage generative AI to automate and improve security operations is truly impressive,” said David Horowitz, Partner at Greylock Partners. “We are excited to support the company as it continues to grow and scale.”

Torq’s Series C funding comes on the heels of a strong year for the company. In addition to raising significant capital, Torq has also experienced rapid customer growth and has been recognized for its innovative technology.