Orca Security Raises $550 Million

Cybersecurity company Orca Security Ltd. scored a massive payday.

The Carthay-based company raised $550 million in Series C funding, it announced Oct. 5. The round was led by Singapore-based investment company Temasek Holdings Ltd. with participation from Bay Area-based companies CapitalG, Redpoint Ventures, GGV Capital and Iconiq Capital; Chicago-based Adams Street Partners; Greenwich, Conn.-based Lone Pine Capital; and New York City-based Stripes, Willoughby Capital and Harmony Partners.

The funding round brings the 2-year-old company’s total raised to $632 million and boosts its valuation to $1.8 billion. It joins the ranks of L.A. tech companies like Whatnot Inc. and Liminex Inc., better known as GoGuardian, which have also achieved valuations of more than $1 billion this year.