Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Application Security

Alphabet’s CapitalG Makes Big Bet on Salt Security

Salt Security is the latest addition to a growing list of cybersecurity startups boasting billion-dollar valuations.

Salt Security is the latest addition to a growing list of cybersecurity startups boasting billion-dollar valuations.

The Palo Alto, Calif.-based Salt Security on Thursday announced a new $140 million funding round that brings its valuation to $1.4 billion and signals heightened investor interest in the API security space.

This round brings the company’s total funding to $271 million, with $210 million raised in the last 12 months.

The $140 million Series D was led by CapitalG, Alphabet’s independent growth fund with participation from all existing investors, the company said.  The big bet comes as demand for API security technologies surge, driven by multi-cloud deployments and global digital transformation.

[ READ: Salt Security Emerges From Stealth With API Protection Technology ]

Salt Security, founded in 2016 by Roey Eliyahu, provides an API protection platform to pinpoint and block malicious attacks against the connection points for modern computer networks.

CapitalG partner James Luo, who sits on Salt Security’s board, said the firm’s investment comes amidst a realization that securing the APIs powering global digital transformation is of critical importance.

“APIs are essential to enabling business innovation, but security risks are multiplying at an unprecedented scope and scale,” Luo said, crediting Salt Security with building an API security platform capable of stopping attacks in the wild.

Related: Salt Security Emerges From Stealth With API Protection Tech

Related: API Protection Firm Salt Security Raises $20 Million

Related: API Security Firm Salt Security Raises $30 Million in Series B

Related: Salt Security Raises $70 Million in Series C Funding

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

Click to comment

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cyberwarfare

Websites of German airports, administration bodies and banks were hit by DDoS attacks attributed to Russian hacker group Killnet

Network Security

NSA publishes guidance to help system administrators identify and mitigate cyber risks associated with transitioning to IPv6.

Nation-State

The North Korean APT tracked as TA444 is either moonlighting from its previous primary purpose, expanding its attack repertoire, or is being impersonated by...

Identity & Access

Hackers rarely hack in anymore. They log in using stolen, weak, default, or otherwise compromised credentials. That’s why it’s so critical to break the...

Malware & Threats

Microsoft plans to improve the protection of Office users by blocking XLL add-ins from the internet.

Cloud Security

VMware vRealize Log Insight vulnerability allows an unauthenticated attacker to take full control of a target system.

IoT Security

Lexmark warns of a remote code execution (RCE) vulnerability impacting over 120 printer models, for which PoC code has been published.