Palo Alto, California-based API protection company Salt Security today announced that it raised $70 million in Series C funding, which brings the total raised to date to $131 million.
Salt Security was founded in 2016 and emerged from stealth mode in 2019 with $10 million seed investment. Over the past year, the company raised an additional $50 million in Series A and Series B funding.
Through its API Protection platform, Salt Security leverages artificial intelligence and machine learning to automate the discovery of APIs and exposed data, and to stop API attacks in their initial stages.
The new infusion of capital, the company says, will help it expand global operations through investment in customer success, research and development, and sales and marketing.
The funding round was led by Advent International, through Advent Tech, with participation from Alkeon Capital and DFJ Growth, and existing investors Sequoia Capital, S Capital VC, Tenaya Capital, and Y Combinator.
“This new round of funding will help us increase our rate of innovation and businesses in more regions securely adopt APIs to foster their own innovation,” said Roey Eliyahu, CEO and co-founder of Salt Security.