API security startup FireTail this week announced that it has raised $5 million in an early-stage financing round led by Paladin Capital Group, with participation from General Advance, Secure Octane, Zscaler, and angel investors.
Founded in 2021, the Mclean, Virginia-based firm proposes a new approach to securing Application Programming Interfaces (APIs), helping organizations build API inventories and eliminate security issues associated with them.
Already seeing early adopters across North America, Asia-Pacific, and Europe, FireTail says its platform can provide continuous visibility, threat monitoring, and breach prevention capabilities, with a focus on cloud-native applications.
According to FireTail co-founder and CEO Jeremy Snyder, the company’s solution targets the main cause of API data breaches, which is represented by application logic problems.
The new investment, he says, will help the startup expand coverage to additional programming languages, cloud platforms, and geographies. The company is also working on a new true end-to-end API security solution, which is scheduled for next year.
“FireTail is taking a unique approach that makes it easy to embed robust security protection natively within the API itself, rather than trying to adapt legacy network security methods to APIs,” Palading managing director Mourad Yesayan said.
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