Yaron Bartov, Chief Financial Officer at Torq
Name: Yaron Bartov
Current Position: Chief Financial Officer (CFO)
Company: Torq
Location: Tel Aviv, Israel
LinkedIn Profile: [Yaron Bartov - LinkedIn](https://il.linkedin.com/in/yaron-bartov-5b72b721)
Professional Experience at Torq
Yaron Bartov joined Torq in April 2022 as the Chief Financial Officer. He is tasked with building the finance office from the ground up, following a period where the company's finance functions were outsourced. His key responsibilities include:
- Establishing an Internal Finance Team: Yaron has focused on creating a robust internal finance organization. He built a team comprising a director of finance, a controller, and a bookkeeper.
- Finance Automation: He is working towards automating the accounts payable and receivable processes. Current plans include finalizing accounts payable automation by the end of the year and gradually moving towards full automation of billing processes.
- Cash Flow Management: Ensuring adequate cash flow to achieve a return on investor funding is a critical priority for Yaron.
Previous Professional Background
Before joining Torq, Yaron Bartov held several key positions in the finance sector:
- GuardiCore: Served as CFO
- Wix.com: Held the position of Vice-President of Finance and Operations
- ooVoo: Previous experience contributing to financial management
- Arel Communications: Former professional roles
Yaron brings extensive experience from these roles, focusing on financial strategy, operations, and the implementation of scalable financial processes.
Torq Company Overview
- Industry: Cybersecurity and Hyperautomation
- Primary Focus: Torq offers an enterprise-grade hyperautomation platform designed to automate complex security infrastructures at scale.
- Locations: Global presence with headquarters in the US and Israel
- Company Culture: Dynamic, collaborative, and people-centric, emphasizing rapid deployment of solutions and internal team motivation.
- Leadership Team: Includes notable industry veterans such as Eldad Livni, CINO & Co-Founder, and Ofer Smadari, CEO & Co-Founder.
Business Insights and Challenges
- Macro Challenges: Torq's business model offers some immunity to macroeconomic headwinds like inflation and geopolitical stresses due to the essential nature of its cybersecurity solutions.
- Corporate Challenges: Key challenges include customer onboarding, competitive issues, and managing budgets over extended time frames.
- Talent Acquisition: Torq addresses the tight labor market through effective networking strategies for sourcing talent.
Torq's Achievements
- Rapid Growth: Reported a 385% customer growth and a 360% increase in revenue, underscoring the company’s robust market performance.
- Investment: Successfully raised $78 million over four funding rounds, emphasizing investor confidence in Torq's business model and future potential.
Contact Information
- Email: yaron.bartov@torq.io
- Phone: +16508686662, +15037017516
Yaron Bartov’s strategic leadership at Torq aims to reinforce the company’s market position by cultivating a strong internal finance team and leveraging his extensive experience in financial management to optimize operational processes and ensure robust cash flow management.
