Israeli cybersecurity startup Salt Security is a leading API security company. It has secured $70 million in Series C funding, led by Advent International, through Advent Tech, with participation from Alkeon Capital and DFJ Growth. Existing investors Sequoia Capital, Tenaya Capital, S Capital VC, and Y Combinator also participated in the round. Salt will use the funds to expand its global operations across R&D, sales and marketing, and customer success.
To date, Salt Security has raised $131 million, $120 million of it in the last year. In the past 12 months, Salt has driven 400% growth in revenue, 160% growth in employees, and 380% growth in the API traffic it secures. This latest infusion of capital cements the company’s lead in the API security market, with the most funding, the most customers, the fastest growth, the most application environments and ecosystem integrations supported, the most use cases enabled, and the longest time in market to ensure the most advanced ML and AI algorithms for API attack prevention.
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Startup Nation is known for its security companies. The Israel Defense Forces’ vaunted 8200 cyber security unit produces many new high tech security experts. With the Corona Virus forcing everyone to work from home, communicate through applications like Zoom and use all manner of software as a service programs on line security is more important than ever.
Founded in 2016, Salt Security delivers an API Threat Protection solution focused on securing the ubiquitous APIs connecting everything from web and mobile applications to microservices and IoT devices. These are the APIs that you develop and own and are at the core of connecting your applications and data.
The company specializes in security for application programming interfaces (API). API has to do with the way businesses communicate with one another between multiple software intermediaries. Salt Security boasts that its API Protection Platform secures the universal APIs that connect Saas, web, mobile, microservices and IoT applications using big data and Artificial Intelligence (AI) to improve visibility, stop attacks and eliminate vulnerabilities at their source.
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With total funding of $131M + 400% revenue growth, the award-winning @SaltSecurity API Protection Platform strengthens its lead in #API #security! ????????Read the news ➡️https://t.co/eFctbMZmGA#APIsecurity #applicationsecurity pic.twitter.com/fjm54MwStT
— Salt Security (@SaltSecurity) May 26, 2021
“Several recent high-profile API security incidents have forced organizations to recognize that their existing protections cannot prevent API attacks or handle the scale and complexity of today’s API-driven applications,” said Roey Eliyahu, CEO and co-founder of Salt Security. “This new round of funding will help us increase our rate of innovation and businesses in more regions securely adopt APIs to foster their own innovation.”
“Our investment in Salt Security, a company setting the standard for API security, will help further address the very pressing issue of API attacks and vulnerabilities that are vexing companies in all industries,” said Sam Fort, partner at DFJ Growth. “The high-profile security incidents we’ve seen as a result of leaky APIs, in combination with the attacks carried out against API-dependent enterprises, indicate that companies face two major problems. First, APIs can be easily exposed through any number of API design or code flaws, and second, attackers have opportunistically set their sights on API-rich environments. Salt Security addresses both of these areas to fully harden API security postures.”
