Security News > 2021 > May > UK-Based API Security Firm 42Crunch Raises $17 Million
API security firm 42Crunch has raised $17 million in a Series A funding round led by Energy Impact Partners and joined by Adara Ventures.
In 2019, Gartner stated, "By 2022, API abuses will move from an infrequent to the most-frequent attack vector, resulting in data breaches for enterprise web applications." Its proposed solution was, "Use a Combination of API Management and Web Application Firewalls to Protect APIs, in Conjunction with Identity Infrastructure."
On April 28, 2021, Brian Krebs explained an API weakness with an Experian partner website.
"Trimming video to 5 milliseconds will cause the video to be 0 seconds long and the owner won't be able to untrim it." It was a Broken Object-Level Authorization vulnerability in Facebook's video editing API. These are just two recent examples of a growing number of discovered API flaws.
42Crunch offers a new approach to securing APIs: an individually tailored micro-firewall that is embedded within the API it is designed to protect.
"Development has changed in the past decade, becoming extremely agile, with the adoption of loose coupling architectures and Kubernetes," said Isabelle Mauny, co-founder and CTO. "The cost of fixing security flaws at production time is a major issue for enterprises. Our mission is to make API threat protection as agile and automated as development."