The Israeli cyber startup "Salt Security" raised $ 10 million

the Israeli cyber startup "Salt Security" raised $ 10 million. The round was led by the fund of Haim Sadger, S Capital, which is one of the founders of the Sequoia Israel Fund. To which investors from Marius Nacht joined the founders of Check Point, and Kevin Mahfy, a founder of Lookout Security and a partner in the Y Combinator acceleration program. The Y Combinator acceleration program also took part in the financing round, in addition to the initial investment given to the company at a more preliminary stage as part of its acceptance of the plan itself.

The security solution developed by Salt Security protects the APIs that are the foundation of all SaaS, web, mobile, microservices, and IoT applications, which control information in a huge and endless volume of sensitive customer and user data. API attacks have increased exponentially and have become more frequent due to their low level of security, making them a threat to any company.
Only a few months ago, hacking into the Facebook API led to the leaking of information for tens of millions of users on which the company is expected to be fined in the amount estimated at billions of dollars. Google, known for its high level of security, also found a major hacking in the API for the Google+ service, which will close sooner than expected following the discovery. The list of companies that have been breaking through the API has grown significantly in recent months with companies such as T-Mobile, Panera Bread, Verizon and USPS. According to research firm Gartner until 2022 the abuse of the API will be the most common vector attacks for enterprise web applications. While traditional information security solutions are unable to detect API attacks and thus are unable to respond to these attacks.
Salt Security's solution for protecting APIs is based on an artificial intelligence algorithm that is embedded in registered patents and does not require customization to help protect the API. Companies can detect attacks on their APIs in real time and stop them before damage occurs. Among its first customers are AppsFlyer, MongoDB, Systum.
As part of the investment, Sadger will join the board of directors of Salt Security to share his decades of experience in helping companies grow. "Today, there is no existing solution to detect and block API-focused attacks, we have found an incredible opportunity to invest in a company that will solve this critical problem for many companies." The combination of Salt Security technology and a growing list of enterprise companies, The company and its enormous potential, and we are pleased to help the company grow to the next level. "
"The trust and backing we received from leading and successful names in the start-up industry and the information security industry in particular is a milestone in the company's development," said Roy Eliahu, CEO and co-founder of Salt Security. The investment reflects validation and trust in the market, the importance of developing an answer to API attacks and the value of the platform we have developed. We will use the funding to recruit developers to our Tel Aviv office and to expand the marketing and sales team in the US to meet the demand for the platform from the companies. "
"Like many companies, APIs are also an integral part of our business," says Guy Fletcher CISO at AppsFlyer. "We rely on Salt Security to help improve security for our service, and their intelligent platform adds a critical component to our range of security tools, which focus on the area we expect to see increased threats."
Salt Security was founded in 2016 by Roy Eliyahu and Michael Nicosia. The company has offices in Silicon Valley and Tel Aviv.