Aqua Security has announced the completion of $135 Million in Series E funding led by ION Crossover Partners, putting Aqua’s valuation in excess of $1 Billion.

The 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.

According to the company, this new round of investment will enable Aqua Security to broaden and deepen its solution portfolio, as well as expand its presence geographically.

Aqua Security’s total funding since its founding in 2015 now totals $265 million.

The company’s focus on cloud native security has enabled enterprises adopting technologies such as Kubernetes and containers, serverless, and other cloud-based workloads to accelerate their business while meeting strict compliance and security requirements.

Aqua added that its customer list includes some of the world’s leading organizations including 5 of the top 10 banks in the world.

The funding comes on the heels of a stellar year for Aqua in 2020, in which the company doubled the number of paying customers with notable new customers in the federal, financial, energy, telecom, and automotive sectors.

Moreover, the adoption of Aqua’s open source tools more than doubled, with Trivy, Aqua’s open source vulnerability scanner, selected as the default scanner for the Harbor Registry, by GitLab, and for the CNCF’s Artifact Hub.