Total amount raised
$271 Millions
Latest funding date
9/1/2022
Location
Salt Security has successfully raised significant funding over multiple rounds, attracting the attention of prominent investors. The company specializes in API security, leveraging machine learning and AI to protect against threats.
Keep reading to explore the intricacies of Salt Security's fundraising journey and the investors backing this innovative platform.
What Is Salt Security?
Salt Security, founded in 2015 by Michael Nicosia and Roey Eliyahu, is headquartered in Palo Alto, California. The company specializes in API security, offering a platform that leverages machine learning and AI to protect against API attacks.
With a team of 101-250 employees, Salt Security's platform automatically identifies and protects APIs, learning their behavior without requiring configuration. This innovative approach ensures continuous protection and threat prevention.
Salt Security's solutions are designed to secure modern, cloud-based app architectures, emphasizing the importance of API security in handling sensitive data.
How Much Funding Has Salt Security Raised?
- Seed Round
- Amount Raised: $1M
- Date: March 2016
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and validate the market need for API security.
- Seed Round
- Amount Raised: $10M
- Date: September 2018
- Lead Investors: S Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $20M
- Date: June 2020
- Lead Investors: Tenaya Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B
- Amount Raised: $30M
- Date: December 2020
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in sales and marketing.
- Series C
- Amount Raised: $70M
- Date: May 2021
- Lead Investors: Advent Technologies
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen API security capabilities and increase engineering resources.
- Series D
- Amount Raised: $140M
- Date: February 2022
- Lead Investors: CapitalG
- Valuation at Round: $1.4 billion
- Motivation Behind the Round: To expand R&D, fuel sales and marketing, and grow international operations.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: September 2022
- Lead Investors: CrowdStrike Falcon Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance security measures and expand market presence.
Total Amount Raised: $271M. Current Valuation: $1.4 billion.
Key Investors
- CapitalG
- Details: CapitalG is Alphabet's independent growth fund, focusing on late-stage technology companies. It aims to support transformative companies with high growth potential.
- Investment Focus Areas: Consumer products and services, enterprise tech, cybersecurity, fintech, cryptocurrency, transportation tech.
- Notable Investments: Airbnb, Cloudflare, CrowdStrike.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that invests in early and growth-stage companies. It has a long history of backing successful technology startups.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Apple, Google, WhatsApp.
- Y Combinator
- Details: Y Combinator is a startup accelerator program and investment fund. It supports founders at every stage, helping them transform startups into enduring companies.
- Investment Focus Areas: Early-stage startups across various sectors.
- Notable Investments: DoorDash, Stripe, Coinbase.
- Tenaya Capital
- Details: Tenaya Capital is a venture capital firm that invests in high-growth technology companies. It focuses on companies at various stages of development.
- Investment Focus Areas: Enterprise software, consumer internet, technology-enabled services.
- Notable Investments: Palo Alto Networks, Zuora, Eventbrite.
- Advent International
- Details: Advent International is a global private equity firm. It invests in companies across various sectors, aiming to support their growth and development.
- Investment Focus Areas: Business and financial services, healthcare, industrial, retail, consumer, leisure.
- Notable Investments: Lululemon, Olaplex, Walmart Brazil.
What's Next for Salt Security?
Salt Security stands at the cusp of significant growth opportunities, driven by the increasing demand for robust API security solutions. With a recent $140 million Series D funding round, the company is poised to expand its research and development, fuel sales and marketing efforts, and grow its international operations. The API security market is booming, with digital transformation and IT modernization initiatives creating a fertile ground for Salt Security's innovative solutions.
Future fundraising opportunities appear promising, given the company's rapid growth and strong investor interest. The involvement of high-profile investors like CapitalG and Sequoia Capital suggests potential for further investment rounds. However, challenges such as keeping up with the evolving cyber threat landscape and maintaining its competitive edge will require continuous innovation and strategic scaling of operations.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Salt Security and gather other critical business insights. Sign up for free today and empower your sales strategies with the most up-to-date information available.
