The Israeli cyber company Salt Security raises $ 30 million

The cyber company Salt Security raises $ 30 million in Round B, led by the American Sequoia Capital Fund. Existing investors Tenaya Capital, S Capital, Y Combinator also participated in the round. Earlier this year in June the company announced a $ 20 million fundraiser and since its inception has raised over $ 60 million in aggregate including the current round. Other investors in the company are Marius Nacht, one of the founders of the information security company Check Point, and René Bonwani, who served for over a decade as chief marketing officer of Palo Alto Networks and vice president of strategic customers of the company.
"We did not need the money. All the money from the previous round is still in the bank," says Roi Eliyahu, CEO and founder of Salt Security. "We are building a large company, so we saw the new recruitment as an opportunity to accelerate our growth, strengthen our market leadership." The Sequoia Fund and Karl Eschenbach, who brings with him a wealth of knowledge and expertise in building companies until the IPO. Snowflake, Palo Alto Networks and Workday.
"The company is currently at a stage that allows new employees to integrate into the company, grow with it and make a significant impact. We are making the way to become a Unicorn company and enabling our employees to gain significant experience in building large companies from an early stage," Eliyahu adds.
Salt Security has developed a patented API security platform capable of exposing the vulnerabilities unique to each API, detecting real-time attacks and responding before damage is done. The platform is deployed in organizations within a few minutes automatically and immediately afterwards learns the company's APIs and detects attacks and anomalies without any need for customization on the part of the customer. The company's customers include Finastra, City National Bank, Equinix, AppsFlyer, TripActions, Armis and more.
"APIs have become the basis of almost every software. Salt Security enables organizations to discover the APIs in their organization, prevent them from attacking in real time and fix security vulnerabilities in them so that the company's customers can continue to develop and innovate in the digital world," said Karl Eschenbach. Sequoia. "Salt Security has shown its leadership in the field of API Security by being the first in the market with the most advanced solution, making it a unique and exceptional company, the kind of companies that Sequoia loves to connect with."
Salt Security was founded in 2016 by Roi Eliyahu (CEO) and Michael Nicosia (VP of Operations). The company was selected by the Gartner Research and Consulting Institute in the Cool Vendor in API Strategy category in 2020. Salt Security provides the only patented security solution and provides the broadest solution in protecting APIs from any other system on the market. The company's customer base has grown by 200% in the past year and is mainly based on global corporations and large companies. "Accelerating the speed of development and the competitive advantage we have gained in the market, give us a huge advantage in the APIs security market that we led its creation and definition. Karl's experience and Sequoia's support will undoubtedly accelerate our success in the API Security market," concludes Roi Eliyahu