Israeli Startup Torq Hits Unicorn Status with $140M Funding

Torq raises $140 million in a Series D funding round. The Israeli cybersecurity startup now holds a $1.2 billion valuation. The round catapults Torq into Israel’s unicorn club. CEO Ofer Smadari highlighted plans to dominate AI-driven security operations. Funds target rapid product innovation and market expansion. Funding Round Details Merlin Ventures leads this investment. Existing backers join in, including Evolution Equity Partners, Notable Capital, Bessemer Venture Partners, Insight Partners, and Greenfield Partners. The cash boost boosts Torq’s total funding to $332 million since the founders started the company in Tel Aviv in 2020. Executives plan to grow