API protection platform provider Salt Security secured $30 million in funding

Salt Security, a California based API security company, has now secured $30 million in a Series B funding round.

Salt Security is founded by Roey Eliyahu in the year 2016. It offers an API Protection Platform to prevent attacks, using Artificial Intelligence and Machine Learning to automatically and continuously identify and protect APIs. 

Carl Eschenbach, Partner at Sequoia, said, "APIs have become a fundamental unit of software. Salt Security enables organizations to discover APIs, prevent real-time attacks, and facilitate remediation, so customers can continue to operate and innovate in an increasingly digitized world. In the emerging API security space, Salt Security has shown its leadership by being first to market and offering the most advanced solution—ultimately, making it the type of outlier company that Sequoia loves to partner with."

Michael Montoya, CISO, Equinix, said, "In our rapidly shifting world of digital transformation, API-first strategies are a priority. The security landscape is shifting to APIs, and Salt Security is on the cutting edge of enterprise security strategy. As our API economy gains momentum, we look forward to working with Salt Security to secure our digital transformation."

The funding round was backed by Sequoia Capital with participation from Tenaya Capital, Y Combinator, and S Capital VC.

Post funding, Carl Eschenbach, the Managing Partner at Sequoia Capital, will going to join the Salt Security Board of Directors team.

The company, which has secured a total of $60 million in funding to date, has plans to use the new funds to accelerate its business in 2021, with a focus on sales, product development, and marketing.