US-based application security platform Ghost Security has closed a $15m funding round as it emerges out of stealth.
Capital came from 468 Capital, DNX Ventures, Munich Re Ventures, Tau Ventures and Secure Octane.
The funds will enable Ghost to hire more staff.
Ghost Security stated there is a problem with exponential expansion in the development and usage of applications and APIs, leaving many unaccounted for and unsecured.
Ghost Security enables technology leaders to benefit from rapid application development without disrupting existing processes.
The company is led by three entrepreneurs that have a track record of creating game-changing cybersecurity solutions and companies.
Ghost co-founder and CEO Greg Martin said, “We believe the explosive growth of microservices and APIs in the cloud will continue to outpace the capabilities of existing security solutions.
“We see this creating an even larger gap between the defensive capabilities of enterprise businesses and the capabilities of skilled hackers.”
Last month, fellow cybersecurity platform HiddenLayer launched out of stealth. The CyberTech company has built a security platform that can detect and prevent cyberattacks.
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