Singapore state investor Temasek has led a $550 million funding round in Israel-based cloud security firm Orca Security, boosting the company’s valuation to $1.8 billion.

The extended Series C fundraising round also saw strategic investments from SAIC and Splunk Ventures. The round boosted its valuation 50 percent in just seven months to $1.8 Billion, Orca Security said in a statement on Tuesday.

Orca Security’s C round also includes substantial participation from venture capital firms CapitalG (Alphabet’s independent growth fund), Redpoint Ventures, GGV, ICONIQ Capital, Lone Pine Capital, Stripes, Adams Street Partners, Willoughby Capital, and Harmony Partners.

“Our growth is exploding because Orca Security simply works. We provide fast agentless deployment, 100 percent coverage of all cloud assets, and automatic prioritization of the alerts that demand quick action,” said Orca Security Chief Executive Officer and Co-Founder Avi Shua.

Orca Security said it will leverage Temasek’s investment portfolio and global network to deepen its penetration into the Asia Pacific (APAC) region and beyond, and into key industries such as telecom, financial services, transportation, consumer goods, and more. Orca Security plans to have over a dozen employees in the APAC region by the end of 2021.

Orca Security will also continue to expand its footprint and customer base in the UK, and across the Europe, Middle East and Africa (EMEA) region. The company is opening a physical office in London, where it will have an expanded sales presence, and a new R&D center–its first outside of Tel Aviv. Orca Security plans to have over two dozen employees working in London by the end of the year.

Orca Security said it is also expanding its global partner program and is continuing to build rapid customer traction with partners in the U.S., Europe, India, Australia, New Zealand, Latin America, and Japan.

According to Gartner, “by 2023, 70 percent of all enterprise workloads will be deployed in cloud infrastructure and platform services, up from 40 percent in 2020.” Under this paradigm shift, agent-based solutions are ill-suited to meet the increased complexity and ephemeral nature of the cloud.

Pent-up demand from companies fed up with cyber gimmicks, subpar solutions that require the tedious deployment of agents on every asset, and disparate tools marketed as one solution, has helped fuel Orca Security’s 800 percent year-over-year growth, the company added.

“Cloud-based security infrastructure and operations provide exceptional opportunities for innovation advancement—and are vital to combat today’s threat landscape,” said Splunk Vice-President of Corporate Development Varoon Bhagat. “Our investment and technical integration with Orca Security underscores Splunk’s commitment to helping organizations investigate, correlate, and visualize their data to identify possible compromise and quickly take necessary action.”

Temasek is a global investment company with a net portfolio value of $283 billion as of March 31, 2021. Headquartered in Singapore, it has 13 offices in 9 countries around the world.

Orca Security provides instant-on security and compliance for Amazon Web Services (AWS), Google Cloud, and Microsoft Azure－without the gaps in coverage, alert fatigue, and operational costs of agents or sidecars.

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