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TORQ

Netfigo Verdict
on Torq

Three Israeli security veterans sold their first startup, Luminate, to Symantec in 2019. Then they did it again. Torq, founded in 2020, hit unicorn status in January 2026 with a $140 million round at a $1.2 billion valuation. The pitch is simple. Let AI agents do the boring, repetitive grunt work that drowns security teams. Same crew, same playbook, just bigger.

Founded

2020

HQ

New York, USA

Total Raised

$332 million

Founder

Ofer Smadari, Leonid Belkind, Eldad Livni

Status

Private (unicorn, $1.2B valuation)

Website

torq.io

THE ORIGIN STORY

Ofer Smadari, Leonid Belkind, and Eldad Livni had already built a security company together. It was called Luminate, and Symantec bought it in 2019.

Most founders would take the win and relax. These three regrouped during the COVID lockdown in 2020 and started Torq instead.

They had watched security teams drown in alerts for years. Analysts spent their days copying data between tools, chasing false alarms, and repeating the same manual steps.

Torq was built to automate all of it. No code required.

Just drag-and-drop workflows that connect every security tool a company already owns.

WHAT THEY ACTUALLY DO

Companies pay Torq an annual subscription to automate their security operations. Here is the problem it solves.

A security team gets thousands of alerts a day. Most are noise.

A human has to check each one, pull data from a dozen tools, and decide if it is real. That is slow, expensive, and burns people out.

Torq builds automated workflows that handle the grunt work. An alert comes in.

Torq investigates it. It gathers the evidence and either resolves the alert or hands a human the full picture.

Pricing scales with usage. The more a company automates, the more it pays.

THE PRODUCTS

The core is the Torq Hyperautomation platform. It is a no-code workflow builder with more than 300 integrations to other security and IT tools.

On top of that sits an AI agent built to act like a tier-1 security analyst, triaging and investigating alerts on its own. The whole pitch is the agentic AI SOC.

AI agents handle the repetitive analyst work so humans focus on the real threats.

HOW THEY GREW

The founders had a head start most startups dream of. They already knew the security buyers, the analysts, and the pain.

They had sold those same people Luminate. Torq leaned hard into the no-code angle so teams could build automations without hiring engineers.

Then it bet early on AI. When generative AI hit in 2023, Torq pivoted its whole story to the AI SOC.

The idea is using AI agents to run the security operations center. That timing paid off.

Revenue grew roughly 300% in 2025, and big enterprises signed on.

THE HARD PART

Torq is not alone in this fight. CrowdStrike, Palo Alto Networks, and a pile of startups all want to own security automation.

The old category was called SOAR, and most customers found those tools clunky and hard to maintain. Torq has to convince buyers that its AI agents actually work and do not just create new noise.

There is also a trust problem. Letting AI take action inside your security systems is a big ask.

One bad automated decision during a real attack could be a disaster. Torq is selling speed.

In security, a mistake at speed is worse than slow.

MONEY TRAIL

Series A

2021 · Led by GGV Capital

$20M raised

Series B

2021 · Led by Insight Partners

$50M raised

Series C

2024 · Led by Evolution Equity Partners

$70M raised

Series D

2026 · Led by Merlin Ventures

$140M raised

$1.2B valuation

WHO BACKED THEM

Torq raised $332 million in total. GGV Capital led the early Series A in 2021.

Insight Partners led the $50 million Series B later that year, with security firm SentinelOne joining as a strategic backer. Evolution Equity Partners led the $70 million Series C in 2024.

In January 2026, Merlin Ventures led a $140 million Series D that pushed Torq past a $1.2 billion valuation and into unicorn territory. Bessemer Venture Partners, Notable Capital, and Greenfield Partners backed multiple rounds.