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Salt Security Raises $30 Million in Series B Funding, Cementing Leadership Position in API Security

Dec 08, 2020•over 4 years ago

Amount Raised

$30 Million

Round Type

series b

Palo Alto

Description

Salt Security, the leading API security company, today announced it has raised $30 million in Series B funding led by Sequoia Capital, with participation from existing investors Tenaya Capital, S Capital VC, and Y Combinator. This latest funding round, which follows closely on the heels of a $20 million Series A raise in June, cements Salt Security as the leader in the API security market. The additional funding will enable the company to accelerate its business in 2021 more rapidly, with a focus on investing in product development, sales and marketing, and customer acquisition. To date, the company has raised a total of $60 million in equity financing.

Company Information

Company

Salt Security

Location

Palo Alto, California, United States

About

Salt Security protects the APIs that form the core of every modern application. Its API Protection Platform is the industry's first patented solution to prevent the next generation of API attacks, using machine learning and AI to automatically and continuously identify and protect APIs. Deployed in minutes, the Salt Security platform learns the granular behavior of a company's APIs and requires no configuration or customization to pinpoint and block API attackers. Salt Security was founded in 2016 by alumni of the Israeli Defense Forces (IDF) and serial entrepreneur executives in the cybersecurity field and is based in Silicon Valley and Israel. For more information, please visit https://salt.security.

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