Israeli-based API (application programming interface) security provider, Salt Security, raised $140 million in a Series D funding round led by private equity firm, CapitalG, the company announced on Thursday. This has brought Salt Security’s to unicorn status at a $1.4 billion valuation.
Salt Security has now raised a total of $271 million, with $210 million in the last twelve months alone. Prior to the D round, the company raised $70 million in a Series C funding round in May.
The company’s latest round of funding was fueled by the continued support of its prior investors, which include Sequoia Capital, Y Combinator, Tenaya Capital, S Capital VC, Advent International, Alkeon Capital, and DFJ Growth.
Salt Security will use the new funds to grow its R&D investment profile, strengthen its marketing, and upgrade its international operations to address the rising number of cyber threats aimed at disrupting APIs.
Founded in 2016, Salt Security developed an API threat protection solution capable of detecting vulnerabilities and offering prioritized insights to eliminate as much risk as possible. According to company executives, its patented solution prevents next-gen API attacks by leveraging machine learning and AI to automatically and routinely protect organizations.
“APIs provide the foundation for innovation in today’s economy,” said Roey Eliyahu, CEO and co-founder of Salt Security. “Our vision for Salt Security has always been to make it safer and easier for companies to innovate by securing APIs in the face of a growing and dynamic attack surface.”