Torq Raises $50M Series B for No-Code Security Automation

Torq Secures $50 Million in Series B Funding

Torq, a security automation startup headquartered in Portland, Oregon, has announced the completion of a $50 million Series B funding round. Formerly known as StackPulse, the company received the investment led by Insight Partners.

This funding round also saw participation from new investor SentinelOne, a publicly listed endpoint security platform, alongside existing investors GGV Capital and Bessemer Venture Partners. To date, Torq’s total funding now amounts to $78 million.

Addressing Automation in Cybersecurity

The rise of no-code/low-code platforms is a prominent trend, though their application within the cybersecurity domain is less common. Torq distinguishes itself by offering a user-friendly graphical interface.

This interface empowers security teams to automate workflows across various security products. While conceptually similar to Microsoft Power Automate, Torq maintains a dedicated focus exclusively on security operations.

Streamlining Security Tool Integration

Torq’s core value proposition lies in its ability to integrate the diverse and often complex array of security tools utilized by modern enterprises. These integrations are designed to bolster data protection efforts.

Workflows within the service can be initiated on a scheduled basis or triggered by security alerts. Examples include automating responses to privileged access requests via Slack or streamlining the analysis of potentially malicious files.

Image Credits: Torq

Demonstrated Impact on Security Operations

“Torq’s automation has transformed how our team manages security,” stated Jonathan Jaffe, CISO at Lemonade. “Using Torq to manage web application firewall blocking rules, for instance, reduced the time to block malicious traffic by 70x and increased coverage to over 90%.”

This represents a substantial improvement in both speed and scope of threat mitigation.

Focus on User Experience and Scalability

According to Ofer Smadari, CEO and co-founder of Torq, the period following the last funding round was dedicated to enhancing the user experience. “We’ve made significant investments in the user experience,” Smadari explained.

“This includes simplifying system connections, enabling the creation of more intricate workflows, and improving the interface’s speed and responsiveness.” The company also prioritized scalability and resilience to accommodate enterprise-level deployments.

Future Growth and Expansion

The newly acquired funding will be allocated to supporting the expanding customer base and facilitating increased service utilization. Currently, customers are increasing their workflow volume by a factor of 2-3 each week.

“Once a customer begins using Torq, they rapidly expand their usage,” Smadari noted. “Ensuring we have the infrastructure to support this growth proactively is paramount.”

Addressing the Cybersecurity Talent Gap

While Torq aims to alleviate the cybersecurity talent shortage by automating routine tasks, the company itself is currently facing hiring challenges. Securing skilled personnel remains a key priority.

“Torq’s rapid success demonstrates the platform’s ability to empower security teams to deliver enhanced protection across all business areas,” commented Steve Ward, Managing Director at Insight Partners.

“With its intuitive design and experienced team, Torq is rapidly establishing itself as a leader in the industry. We are excited to collaborate with the Torq team as they continue their growth trajectory.”