Salt Security raises $10m to fund API protection platform

Palo Alto-based cyber security business Salt Security has raised $10m to fund its patented artificial intelligence-based API protection platform.

Some of the original founders of Sequoia Capital Israel have backed the business through S Capital. Other investors in the round included Lookout co-founder Kevin Mahaffey and Check Point Software co-founder and chairman Marius Nacht.

The Salt Security platform protects APIs used in SaaS, web, mobile, microservices and IoT applications. The platform is the first patented solution to prevent the next generation of API attacks using behavioral protection, the company said in a release.

The business will use the funding to increase the research and development of its core platform. Salt Security also intends to add support for new use cases and broader customer requirements.

S Capital and Sequoia Capital Israel founding partner Haim Sadger will join the company’s board of directors.

“Salt Security tackles the most important vulnerability for enterprises today by providing industry’s only solution that can protect APIs,” Sadger said. “We believe that they will transform the way organizations approach security, and we are excited to help them achieve dominance in the industry.”

Last year Sequoia Capital Israel general partner Gili Raanan raised $54m for a new cybersecurity-focused fund.

Sequoia also co-led a $40m investment round in open data science platform Domino Data Lab.

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