Aqua Security raises $135 mn to hit $1 bn-valuation, to focus on India R&D

US- and Israel-based Aqua Security, which has an R&D centre in Hyderabad, has raised $135 million in Series E funding led by ION Crossover Partners, raising the startup’s valuation at more than $1 billion. The cloud computing security company has raised $265 million in total.

Aqua’s existing investors--M12 (Microsoft’s venture fund), Lightspeed Venture Partners, Insight Partners, TLV Partners, Greenspring Associates, and Acrew Capital--participated in the round.

With about 50 employees in the country, India is Aqua’s strategic centre and it is going to double its investment here in 2021, making the India centre becoming the fastest growing R&D centre for