• October 11, 2024
Torq Raises $70 Million to Automate Cybersecurity

AI-driven cybersecurity company Torq said it has raised $70 million in Series C funding to continue its work of leveraging hyperautomation to make network security more efficient. The round, led by Evolution Equity Partners, brings the total amount raised by Torq in 2024 to $112 million and $192 million since the company was founded in 2020.

Based in New York City, Torq said it will use the cash infusion to aid its expansion efforts in both the EMEA and APAC regions by hiring additional engineering, R&D and sales staff to deliver its platform to enterprise customers. The company’s HyperSOC solution uses generative AI, Natural Language Processing and other technologies to automate the investigation, triage and remediation of network intrusions.

“Torq has blown past all the frustrating, manual limitations of legacy SOAR that leave significant holes in the security perimeter,” said Ofer Smadari, CEO and co-founder of Torq. “Torq plugs all those holes by delivering a new layer of AI-driven protection, all while making all of security operations more productive than ever.”

Venture Partners, Notable Capital, Greenfield Partners, and Strait Capital also participated in the Series C funding round.