The Aqua Platform is the industry's most comprehensive Cloud Native Application Protection Platform (CNAPP). Aqua serves six of the top 10 banks in North America, and six of the top seven banks in Canada, making it the leading cloud native security provider for the financial services industry. The company remains independent with a clear trajectory toward potential public exit.
Cyborg Score Rationale
Aqua Security was founded in 2015 and became a unicorn in 2021. The funding places Aqua's valuation above $1B, having raised $325 million since its founding. The company demonstrates strong customer traction and market leadership in a growing cloud-native security segment.
Top Insights
Raised $60M Series E extension funding (January 2024) led by Evolution Equity Partners at valuation above $1B
As of March 31, 2026, the company has 477 employees
Leading provider for financial services with 6 of top 10 North American banks and 6 of top 7 Canadian banks as customers
Most recent corporate activity was a Merger/Acquisition with Argon (Network Management Software)
Named Competitors
Lacework — Cloud security and compliance platform
Arctic Wolf — Cloud-native security operations platform
Contrast Security — Application security platform
Banyan Security — Cloud infrastructure security
Recent Developments
(January 2024) Secured $60M Series E extension funding at $1B+ valuation led by Evolution Equity Partners
(July 2025) Announced launch of Trivy Partner Connect Program to strengthen open-source scanning ecosystem
(May 2026) Reported 65% new business growth in 2023 with enterprise expansion across cloud providers
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