Israeli cybersecurity firm Salt Safety as we speak introduced the completion of a $140 million Collection D financing spherical, led by Alphabet’s development fund CapitalG, with participation from all current buyers. The newest funding comes lower than eight months after Salt Safety raised $70 million and brings the valuation of the corporate to $1.4 billion. This spherical brings the corporate’s complete funding to $271 million, with $210 million raised within the final 12 months.
Salt Safety has captured a number one place within the API (utility programming interface) market by creating a API context engine structure, which might uncover APIs, cease API assaults, and remove API vulnerabilities in growth. The corporate has already made deep penetration amongst Fortune and World 500 enterprises. Latest new prospects embrace Takeda Prescribed drugs, BP Launchpad (the digital innovation and scale up unit of BP), Markel, Icatu Seguros, Apiture, and Berkshire Financial institution.
Salt Safety will use the brand new funds to extend R&D funding, develop gross sales and advertising and marketing, and extra quickly develop its worldwide operations to handle the rising variety of cyber threats concentrating on APIs.
With workplaces in Tel Aviv and Palo Alto, California, the corporate was based in 2016 by CEO Roey Eliyahu and COO Michael Nicosia. Over the previous yr Salt Safety has seen 500% income development, 300% development in its buyer base and 250% development in its work power.
Eliyahu stated, “APIs present the muse for innovation in as we speak’s economic system. Our imaginative and prescient for Salt Safety has all the time been to make it safer and simpler for firms to innovate by securing APIs within the face of a rising and dynamic assault floor,” stated Roey Eliyahu, CEO and co-founder, Salt Safety. “We’re honored to have CapitalG as our strategic accomplice as we obtain this imaginative and prescient at international scale and widen our lead on this necessary business.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on February 10, 2022.
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