Cloud cybersecurity startup Orca Security Ltd. acquired Israeli web application security company RapidSec Ltd. for an undisclosed price.
Founded in 2020, RapidSec offers a software-as-a-service platform designed to provide rapid self-service web security. Touted as helping customers quickly improve their web security posture, the service generates strong security headers like Content Security Policy without breaking a site.
Using CSPs and security headers, RapidSec improves security posture through “ace audits” on scanners used by customers. The service monitors and protects access against threats with Slack and event and security incident management alerts for cross-site scripting, clickjacking and Magecart with robust threat detection.
The service can be deployed in minutes by manually setting HTTP headers, the RapidSec application programming interface, or pre-built integrations.
Notable RapidSec clients include Dun & Bradstreet Corp. and Konica Minolta Inc. The company has seven employees who are expected to join Orca and form the core of a new development group.
“Orca’s vision has been and remains: a cloud security solution that works for the customer, enabling organizations to grow securely in the cloud,” said Avi Shua, CEO and co-founder of Orca. “The acquisition will allow us to further expand our platform,”
Prior to its acquisition, RapidSec had raised $500,000 in funding, according to Crunchbase. Investors included Spinach Angles, F2 Capital and Ofer Ben Noon. Calcalist reports that the estimated acquisition price was around $5 million.
This is Orca’s first acquisition since its inception in 2019. Despite its relative youth, Orca has gone from strength to strength, having raised $632 million to date. It first achieved unicorn status in March 2021 before raising $550 million in an extended Series C round in October at a $1.8 billion valuation.
Orca’s technology provides complete visibility into an organization’s cloud infrastructure by reading the execution block storage of a virtualized workload out of band. The technology then intersects the image with comparative information extracted from each cloud provider’s application programming interfaces, treating each customer’s cloud estate as a network of interconnected assets.
Orca investors include Temasek, CapitalG, Redpoint Ventures, GGV, ICONIQ Capital, Lone Pine Capital, Stripes, Adams Street Partners, Willoughby Capital and Harmony Partners.