Salt Security, a Tel Aviv, Israel-based API protection company, raised $10m in funding.
The round was led by S Capital, which is comprised of original Sequoia Capital Israel founders, with participation from
– Kevin Mahaffey, co-founder of Lookout and expert at Y Combinator, and
– Marius Nacht, the chairman and co-founder of Check Point Software.
In conjunction with the funding, S Capital Founding Partner Haim Sadger will join Salt Security’s board of directors. Nacht and S Capital Founding Partner Aya Peterburg will also join as board observers.
The company intends to use the funds to increase research and development for its core platform and add support for new use cases and broader requirements in response to customer demand.
Led by CEO Roey Eliyahu, Salt Security provides a patented AI-based platform for the protection of APIs across SaaS, web, mobile, microservices, and IoT applications for frequent and sophisticated attacks.
Using artificial intelligence (AI) and granular knowledge of each unique API to determine normal behavior, the platform looks for malicious behavior in each API. This allows companies to identify attacks while they are still in the reconnaissance phase and stop them before they advance.