SAIC and Splunk Capital helped add $340m to the cloud cybersecurity software provider's latest round, following a GV-backed first close.

US-based cybersecurity software producer Orca Security increased the size of its series C round to $550m yesterday, adding $340m from investors including digital transformation services provider SAIC and cybersecurity technology producer Splunk.

The tranche was led by Singaporean government-owned investment firm Temasek, which took part with SAIC and Splunk subsidiary Splunk Ventures at a $1.8bn valuation. Internet and technology conglomerate Alphabet’s CapitalG unit co-led the round’s $210m first close in March this year.

The first close was co-led by…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.