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Aqua Security, an Israeli cloud-based cyber security solutions company with R&D centre in India, has raised $135 million in Series E funding led by ION Crossover Partners. This puts Aqua’s valuation of over $1 billion.
The firm has set up a research and development centre in Hyderabad in 2019 with 50 people. “We are going to double our investment in India in 2021, making the India centre the fastest growing R&D centre for Aqua this year,” a company statement said.
“The funding round included broad participation from Aqua’s existing investors, including M12 – Microsoft’s venture fund, Lightspeed Venture Partners, Insight Partners, TLV Partners, Greenspring Associates, and Acrew Capital,” the company said in a statement on Wednesday.
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