ThreatX, a Boston, MA-based API protection platform provider, raised $30m in Series B funding.
The round was led by Harbert Growth Partners, with participation from Vistara Growth, and existing investors .406 Ventures, Grotech Ventures and Access Venture Partners. In conjunction with the Series B funding, Tom Roberts, General Partner at Harbert Growth Partners, will join ThreatX’ Board of Directors.
The company intends to use the funds to accelerate investments in platform development and scale their global sales and marketing initiatives.
Led by Gene Fay, CEO, ThreatX provides an API protection platform that makes the world safer by protecting APIs from all threats, including DDoS attempts, bot attacks, API abuse, exploitations of known vulnerabilities, and zero-day attacks. Its multi-layered detection capabilities accurately identify malicious actors and dynamically initiate appropriate action. ThreatX protects APIs for companies in every industry across the globe.