How much did Salt Security, Inc. raise?

Salt Security, Inc. raised $20 Million in a Series A round on June 16, 2020.

Where is Salt Security, Inc. based and how big is it?

Salt Security, Inc. is based in Palo Alto, California, United States. Fundz records about 208 employees.

Who are the decision-makers at Salt Security, Inc?

Fundz holds 2 contacts at Salt Security, Inc., including the Media Contact. Names and contact details are shown to Fundz members.

Salt Security Closes $20 Million Series A Funding Round Led by Tenaya Capital

PRIVATEJun 16, 2020

Amount Raised

$20 Million

Round Type

Series A

Palo AltoInformation TechnologySoftwareScience And EngineeringArtificial IntelligencePrivacy And Security

Description

Salt Security, the leading API security company, today announced that it has raised $20 million in Series A funding led by Tenaya Capital, which has provided early-growth stage capital to transformational venture-backed technology businesses such as Palo Alto Networks, Armis, Lyft, and Kayak. This infusion of capital will enable Salt Security to continue investing in product development and innovation, address new use cases, and expand sales and marketing to meet increasing demand. To date, the company has raised a total of $30 million in equity financing.

Quick answer

Salt Security, Inc. raised $20 Million in a Series A round, dated June 16, 2020. Salt Security, Inc. is based in Palo Alto, California, United States.

How much did Salt Security, Inc. raise?: Salt Security, Inc. raised $20 Million in a Series A round on June 16, 2020.
What does Salt Security, Inc. do?: Salt Security protects the APIs that form the core of every modern application.
Where is Salt Security, Inc. based and how big is it?: Salt Security, Inc. is based in Palo Alto, California, United States. Fundz records about 208 employees.
Who are the decision-makers at Salt Security, Inc?: Fundz holds 2 contacts at Salt Security, Inc., including the Media Contact. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Science And Engineering and Privacy And Security around the same time

Companies in the same sectors as Salt Security, Inc. that raised within 45 days of this round, from Fundz verified event records.

PassiveLogic raised $14M on July 14, 2020.
GroupSolver, Inc. raised $2.8M (Seed) on June 30, 2020.
Crosschq raised $1.5M (Seed) on May 11, 2020.
Conexiom raised $40M on July 28, 2020.
Edge Impulse raised $3.8M (Seed) on July 24, 2020.
Quantexa raised $64M (Series C) on July 23, 2020.

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Company Information

Company

Salt Security, Inc.

Location

3921 FABIAN WAY

Palo Alto, California, United States

About

Salt Security protects the APIs that form the core of every modern application. Its patented API Protection Platform is the only API security solution that combines the power of cloud-scale big data and time-tested ML/AI to detect and prevent API attacks. By correlating activities across millions of APIs and users over time, Salt delivers deep context and actionable intelligence with real-time analysis and continuous insights for API discovery, attack prevention, and shift-left practices. Deployed quickly and seamlessly integrated within existing systems, the Salt Security platform gives customers immediate value and protection, so they can innovate with confidence and accelerate their digital transformation initiatives. By delivering context-based insights across the entire API lifecycle, Salt enables users to detect the reconnaissance activity of bad actors and block them before they can reach their objective. Through its unique API Context Engine (ACE) architecture, the Salt platform provides design analysis in pre-production, discovers all APIs, pinpoints and stops API attackers, and provides remediation insights. With a total funding of $271 million, Salt Security has a valuation of $1.4 billion. Its latest $140 Series D round, led by CapitalG, Alphabet's independent growth fund, included participation from all existing investors, including Sequoia Capital, Y Combinator, Tenaya Capital, S Capital VC, Advent International, Alkeon Capital, and DFJ Growth. Salt Security holds the only granted patent for using AI to identify and prevent API attacks and is the only solution that automatically and continuously discovers all APIs. This approach enables a complete and up-to-date inventory of all APIs. The Salt API security platform leads the market with the simplest, most comprehensive, and most effective API security offering.

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What this usually means

Typical timeline to Series B

Series A companies typically raise their next round in 10-18 months

Salt Security, Inc. raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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