Torq Raises $42M, Total Funding Hits $120M

Key investors in this round include Insight Partners, GGV Capital, Bessemer Venture Partners, Greenfield Partners, and Evolution Equity Partners.
Torq Raises $42m, Total Funding Hits $120m
Torq Raises 42m Total Funding Hits 120m

Established in 2020, Torq’s AI-driven hyperautomation platform seamlessly integrates with an organization’s entire security infrastructure.

This integration enables swift and precise responses to security incidents and the management of complex security operations at scale.

In 2023, Torq launched two groundbreaking products: “Torq Hyperautomation,” an automation tool for intricate security systems, and “Torq Socrates,” an advanced AI agent capable of autonomously resolving 90% of basic security issues.

Notable clients of Torq include Lemonade, Carvana, and Rivian. The company’s CEO and co-founder, Ofer Smadari, reflects on 2023 as a pivotal year, marked by significant customer and revenue growth, product innovation, and expanded partnerships.

The success and value delivered by Torq Hyperautomation have shifted the industry’s focus from traditional SOAR platforms to Torq’s advanced solutions.

Looking ahead to 2024, the company anticipates unveiling further product enhancements and programs to continue its upward trajectory in the cybersecurity domain.

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