Salt Security Raises $140 Million at $1.4 Billion Valuation

Salt Security is an API security company. The platform continuously identifies threats and protects API from attacks with the help of AI and machine learning. Salt Security learns the company’s behavior and with no configuration and customization blocks attackers.

The funding round Series D was led by CapitalG. All existing investors took part in the round. Among them are Sequoia Capital, Y Combinator, Tenaya Capital, S Capital VC, Advent International, Alkeon Capital, and DFJ Growth. Salt Security is going to spend money for R&D expansion, marketing and sales, as well as fostering international operations.

Salt Security, California, was founded by Michael Nicosia, Roey Eliyahu in 2016. Its customer list includes Takeda Pharmaceuticals, Markel, Berkshire Bank, and Apiture. In general, Salt Security provides its services to insurance, retail, e-commerce, financial and digital companies. “APIs provide the foundation for innovation in today’s economy. Our vision for Salt Security has always been to make it safer and easier for companies to innovate by securing APIs in the face of a growing and dynamic attack surface,” said Roey Eliyahu, CEO, and co-founder. Since its foundation, the company experienced a customer base of 300% growth and revenue of 500% growth.

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