Portland-based Torq, which helps IT teams automate security workflows, raised a $70M Series C led by Evolution Equity Partners, for $192M in total funding
Context & Ripple Effects
Torq had already raised a $50M Series B for no-code security automation in 2021. This Series C extends that financing arc and gives Evolution Equity Partners a leading role in the company’s next stage.
The later record describes Torq as an autonomous AI-powered security operations platform, suggesting the company’s product positioning moved from workflow automation toward more autonomous security operations as it scaled.
First-order effects
- Torq adds $70M of growth capital, bringing its disclosed total funding to $192M, while Evolution Equity Partners becomes the lead investor on the Series C.
- The raise strengthens Torq’s ability to invest in its security-workflow automation platform and compete for IT and security-team customers.
Second-order effects
- Automation-focused security vendors face a better-capitalized Torq in an adjacent market that also includes Automox’s policy-driven cybersecurity automation offering.
- For buyers, more funded vendors pursuing security-operations automation can widen platform choice, but also raises the stakes for proving operational value beyond individual automated tasks.
Third-order effects
- If follow-on financing continues to favor security-operations automation, the category may consolidate around vendors able to connect workflows, policies and autonomous capabilities rather than point tools.
- The later shift in Torq’s description toward autonomous AI-powered operations indicates that automation vendors may increasingly compete on how much security work they can run with limited manual intervention; the durability of that shift depends on customer adoption.
The trend: Cybersecurity automation is evolving from no-code workflow tools toward broader, increasingly autonomous security-operations platforms.