PYMNTS.com September 24, 2024
Torq has raised $70 million in a Series C funding round to expand its artificial intelligence (AI)-first cybersecurity hyperautomation solutions.
The company will use the new funding to add generative AI enhancements, hire additional talent and accelerate its expansion across the Europe, Middle East and Africa (EMEA) and Asia-Pacific (APAC) regions, Torq said in a Tuesday (Sept. 24) press release.
“Torq has blown past all the frustrating, manual limitations of legacy [security orchestration, automation and response (SOAR)] that leave significant holes in the security perimeter,” Ofer Smadari, CEO and co-founder of Torq, said in the release. “Torq plugs all those holes by delivering a new layer of AI-driven protection, all while making all of security operations more productive than ever.”
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