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Announced

Completed

Insight Partners led a $50m Series B funding round in Torq.

Financials

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Transaction Value£37m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Private

Completed

Domestic

automation

Venture Capital

Acquisition

United States

Minority

Single Bidder

Software

Friendly

Synopsis

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Insight Partners, a private equity and venture capital firm, led a $50m Series B funding round in Torq, a no-code automation platform, with participation from SentinelOne, GGV Capital and Bessemer Venture Partners. “Torq’s rapid success is a testament to how the platform makes it easier for security teams to deliver better protection across every aspect of the business. With its intuitive product and experienced team, Torq is quickly becoming a leader in the industry. We’re thrilled to partner with the Torq team as they continue to grow,” Steve Ward, Insight Partners Managing Director.

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