Security News > 2020 > December > API Security Firm Salt Security Raises $30 Million in Series B Funding
API security platform provider Salt Security announced on Tuesday that 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.
Founded in 2016 by Michael Nicosia, and Roey Eliyahu, Salt Security has developed an API Protection Platform that uses big data and artificial intelligence to find and monitor APIs.
"Eliyahu previously gave SecurityWeek an example of how APIs can be used in an attack: the 2018 Facebook breach that allowed hackers to collect 50 million facebook records."The hackers found an API vulnerability that allowed them direct access to the profiles of named accounts," he said.
"In this case, it required 50 million API calls, but in other API vulnerabilities you might be able to bring the service down, or request a data dump - it all depends on the API in question and the vulnerability discovered.
"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," said Carl Eschenbach, a Partner at Sequoia.