Torq, which automates cybersecurity workflows, raises $70M in new capital

A report on Torq’s $70M Series C funding led by Evolution Equity Partners (total raised $192M), highlighting $24M ARR, 150+ direct enterprise customers (and partners serving ~900 enterprises), and a goal of $100M ARR by FY2026. Framed within a strong Q2 2024 cybersecurity funding environment, it describes Torq’s AI-driven security automation platform that streamlines SOC workflows and plans to invest the new funds in product R&D and go-to-market expansion across the U.S., Europe, and Asia.