Temasek leads $550m round for US cybersecurity player Orca

"The breadth of Temasek's portfolio and networks will help deepen our penetration into the Asia Pacific region and beyond, and into key industries such as telecom, financial services, transportation, consumer goods, and more," Avi Shua, CEO and co-founder of Orca, said in a statement. "Orca Security plans to have over a dozen employees in the Asia Pacific region by the end of 2021."

The investment values Orca, which was founded in 2019 and claims to be growing at 800% a year, at $1.8 billion. It includes support from Redpoint Ventures, GGV Capital, Iconiq Capital, Lone Pine Capital, Stripes, Adams Street Partners, Willoughby Capital, and Harmony Partners, as well as CapitalG, Alphabet's independent growth fund.

Orca already has partners in India, Australia, New Zealand, and Japan, including Hitachi Solutions. The company recently launched versions of its website in Chinese and Japanese. Customers in the region include Japanese deferred e-commerce payments company Paidy.

Paidy has received $585 million in debt and equity funding, including a $120 million Series D earlier this year provided by several private equity firms. It agreed to an acquisition by Paypal last month for about $2.7 billion.

"We have a large and complex multi-cloud environment with hundreds of developers pushing code into the cloud, spinning instances up and down, and moving so fast that it's difficult to know what we have," Felix Beatty, chief information security officer at Paidy, said.

"Orca Security tells us the security posture of all of our cloud assets, but without the headache of having to install and maintain agents or network scanners. Orca also makes it easy to discover vulnerable PII and comply with data privacy laws including Japan's cross-border privacy regulation and personal information protection law."

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• Topics
• North America
• Expansion
• Support services
• Technology
• USA
• Asia
• Temasek Holdings
• Redpoint China Ventures
• GGV Capital
• Adam Street Partners
• CapitalG
• Cybersecurity