Salt Safety raises $140m at $1.4b valuation

Date:


Israeli cybersecurity firm Salt Safety as we speak introduced the completion of a $140 million Collection D financing spherical, led by Alphabet’s progress 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 whole funding to $271 million, with $210 million raised within the final 12 months.







Salt Safety has captured a number one place within the API (software programming interface) market by growing a API context engine structure, which might uncover APIs, cease API assaults, and eradicate API vulnerabilities in growth. The corporate has already made deep penetration amongst Fortune and International 500 enterprises. Current new prospects embrace Takeda Prescription 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 places of work in Tel Aviv and Palo Alto, California, the corporate was based in 2016 by CEO Roey Eliyahu and COO Michael Nicosia. Over the previous 12 months Salt Safety has seen 500% income progress, 300% progress in its buyer base and 250% progress in its work pressure.

Eliyahu mentioned, “APIs present the inspiration for innovation in as we speak’s financial system. Our imaginative and prescient for Salt Safety has at all times been to make it safer and simpler for corporations to innovate by securing APIs within the face of a rising and dynamic assault floor,” mentioned Roey Eliyahu, CEO and co-founder, Salt Safety. “We’re honored to have CapitalG as our strategic associate as we obtain this imaginative and prescient at international scale and widen our lead on this vital business.”

Printed by Globes, Israel enterprise information – en.globes.co.il – on February 10, 2022.

© Copyright of Globes Writer Itonut (1983) Ltd., 2022.


LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Truist CIO Bryce Elliott joins Financial institution Automation Summit US 2023 speaker school

Bryce Elliott, government vice chairman and chief data...

5 CPE Programs To Be Grateful For

The tip of the 12 months is nearing,...

The Secret to a Profitable Startup? Deal with Correct Monetary Information

Opinions expressed by Entrepreneur contributors are their very...
%d bloggers like this: