Investment Thesis · Insight Partners
Investment thesis
Torq addresses a fundamental and persistent problem that is only expected to grow in importance.
“Torq solves [a] fundamental problem that is only going to grow and will never go away.”
Why the firm invested
Insight Partners believed that Torq and its founders shared a vision for ambitious growth and possessed valuable pragmatic business experience.
“They share the vision of dreaming big,” Belkind says of the partnership. “They have a lot of pragmatic experience in running [businesses].”
Insight Partners led Torq's $50M Series B funding round in December 2021.
In December 2021, Torq raised a $50M Series B, led by Insight Partners.
Insight Partners understood the importance of perception in driving business reality, aligning with Torq's approach to challenging cybersecurity conventions through branding and storytelling.
“Perception is everything. It can shape your reality. It can take you places where, just driven by data or logic, you would not have necessarily gone. [Insight] shares that understanding that a perception is what drives reality.”
Insight Partners led a $42M expansion of Torq's Series B funding at the start of 2024.
At the start of 2024, Insight led Torq’s $42M expansion of its Series B
Insight Partners participated in Torq's $70M Series C funding round in September 2024.
followed by a $70M Series C in September of that year.
Product
Torq launched the Hyperautomation Platform at RSA 2023, featuring one of the first uses of GPT-style AI in cybersecurity incident response, and also released Socrates, an AI tool for triaging security alerts.
Launched Torq Hyperautomation Platform at RSA 2023 — one of the first uses of GPT-style AI in cybersecurity incident response. Released Socrates , an AI tool that triages and responds to routine security alerts.
Traction
Torq achieved significant milestones in 2023, including 300% revenue growth and 500% customer growth, adding notable clients like Blackstone and Carvana.
In 2023, Torq’s third year of operation, the company hit numerous milestones: 300% r evenue growth and 500% customer growth, adding Blackstone, Carvana, Deepwatch, Nubank, and ZoomInfo to a roster that already included Agoda, Chipotle, Fiverr, SentinelOne, and Wiz.
Torq's traction in the SecOps industry led to its revenues tripling for the second consecutive year.
Torq’s traction in the SecOps industry saw its revenues triple for the second consecutive year .
What founders can learn
- What actually moved the decision: Insight Partners wrote that Insight Partners believed that Torq and its founders shared a vision for ambitious growth and possessed valuable pragmatic business experience.
- The traction evidence that carried weight: Insight Partners wrote that Torq achieved significant milestones in 2023, including 300% revenue growth and 500% customer growth, adding notable clients like Blackstone and Carvana.
Source and provenance
Investment Thesis published by Insight Partners on insightpartners.com (first-party source). Read the original
