- Leading API security company Salt Security recently announced that it raised $30 million in Series B funding led by Sequoia Capital.
Leading API security company Salt Security recently announced that it raised $30 million in Series B funding led by Sequoia Capital with participation from existing investors Tenaya Capital, S Capital VC, and Y Combinator. This round of funding — which follows closely on the heels of a $20 million Series A round of funding in June — will lock in Salt Security as a leader in the API security market.
And the additional funding will enable the company to accelerate its business in 2021 more rapidly with a focus on investing in product development, sales and marketing, and customer acquisition. So far, the company has raised a total of $60 million in equity financing.
Sequoia Capital partner Carl Eschenbach will join Tom Banahan (Partner at Tenaya Capital) and Haim Sadger (Founding Partner at S Capital) on the Salt Security board of directors. And he is bringing a wealth of technology and cybersecurity knowledge and expertise, including serving as president and COO of VMware for nearly 15 years. Currently, he sits on the boards of other top enterprise technology companies including Palo Alto Networks, Snowflake, Workday, and Zoom.
KEY QUOTES:
“Raising both Series A and B, growing our customer base 200%, and building unmatched technical capabilities—all during this tumultuous year—gives us a formidable lead in the market we created and defined. Having someone of Carl’s caliber and experience guiding us will simply accelerate our success in the API security market.”
— Salt Security co-founder and CEO Roey Eliyahu
“APIs have become a fundamental unit of software. Salt Security enables organizations to discover APIs, prevent real-time attacks, and facilitate remediation, so customers can continue to operate and innovate in an increasingly digitized world. In the emerging API security space, Salt Security has shown its leadership by being first to market and offering the most advanced solution—ultimately, making it the type of outlier company that Sequoia loves to partner with.”
— Carl Eschenbach, Partner, Sequoia
“In our rapidly shifting world of digital transformation, API-first strategies are a priority. The security landscape is shifting to APIs, and Salt Security is on the cutting edge of enterprise security strategy. As our API economy gains momentum, we look forward to working with Salt Security to secure our digital transformation.”
— Michael Montoya, CISO, Equinix
