Torq hits $1.2bn valuation for agentic AI-driven security platform

Core Insights - Torq, an Israeli company specializing in AI-driven security operations, has raised $140 million in Series D funding, increasing its valuation to $1.2 billion [1] - The funding round was led by Merlin Ventures, with participation from existing investors including Evolution Equity Partners and Bessemer Venture Partners [1] - Total funding for Torq has now reached $332 million [1] Funding History - In September 2024, Torq closed a $70 million Series C round, also led by Evolution Equity Partners, bringing total funding in 2024 to $112 million [2] - The company has raised a total of $192 million since its inception [2] Use of Proceeds - Proceeds from the Series D funding will be utilized to expand the capabilities of Torq's AI Security Operations Centre (SOC) Platform, focusing on hyperautomation and operational autonomy [3] Clientele and Technology - Torq's technology is employed by major companies such as PepsiCo, Marriott, and Uber for autonomous security operations management [4] - The platform represents a shift from traditional security tools that require extensive tuning and professional services [4] Strategic Vision - Torq's CEO emphasized the goal to dominate the AI SOC market, moving beyond legacy security orchestration and automation [5] - The company has experienced significant revenue growth, with Fortune 100 clients adopting its AI agents for various security operations [6] Partnership and Market Focus - The partnership with Merlin Ventures aims to support Torq's growth in the US federal and public sector markets, assisting with compliance requirements [6] - Merlin Ventures highlighted Torq's innovative approach to security operations, focusing on speed and market expansion [7]