In December 2021, Gartner® reviewed its earlier predictions about API attacks, commenting, “On Target: 2017 Prediction — By 2022, API abuses will be the most-frequent attack vector resulting in data breaches for enterprise web applications…. As 2022 approaches, this prediction could arguably be counted as “missed” — but only because we underestimated the steep rise in attacks on APIs.
Now, Salt Security, the API security company, has announced it has received $140 million in Series D funding, a testament to the growing issue of attacks on APIs. Led by CapitalG, Alphabet’s independent growth fund, with participation from all existing investors, the latest investment brings the valuation of the company to $1.4 billion. Salt Security intends to bolster its leadership position in the API security market, stating it now has the most funding, highest valuation, most customers, and deepest penetration among Fortune and Global 500 enterprises.
Salt Security will use the additional capital to expand R&D investment, fuel sales and marketing, and more rapidly grow its international operations to address the growing number of cyber threats targeting APIs.
“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, Salt Security. “We are honored to have CapitalG as our strategic partner as we achieve this vision at global scale and widen our lead in this important industry.”
This latest funding round brings the ..
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