New Cybersecurity Unicorn: Torq Secures Funding Valued Over $1 Billion

Overview of Torq’s Funding Achievement

Israeli cybersecurity company Torq has successfully secured substantial funding, marking its status as the newest unicorn in the Israeli tech landscape. Founded in late 2019, Torq’s recent funding rounds have propelled the company’s valuation to over $1 billion. An official announcement regarding the funding is anticipated shortly.

Revenue Growth and Future Prospects

In April, Torq reported an impressive annual revenue growth, surpassing $20 million. This mileststart underscores the company’s potential in the cybersecurity domain and positions it favorably for continued expansion within the industry.

Background Information on Torq

Torq was established by the founders of Luminate, and it has quickly distinguished itself in the competitive field of cybersecurity. Their innovative approaches and effective solutions have garnered significant attention and investment. With the new funding, Torq aims to enhance its product offerings and expand its market presence globally.

Conclusion

As a part of the vibrant Israeli tech scene, Torq’s rise to unicorn status exemplifies the potential of cybersecurity ventures in the current technological landscape. The impending confirmation of their latest financial achievements is a testament to both their innovative spirit and the increasing demand for robust cybersecurity solutions.

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Torq, an Israeli cybersecurity company, has raised significant funding, achieving a valuation of over $1 billion. The startup, founded in 2019 by Luminate’s founders, reports annual revenues exceeding $20 million.

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#Torq #Cybersecurity #TechNews #Israel #Unicorn #Funding #Investment #Startups