# Cequence Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cequence-security

- Industry: IT Security/Cybersecurity
- Headquarters: Sunnyvale, US
- Website: www.cequence.ai
- Total disclosed funding: $86M
- Latest round: Series C (Dec 15, 2021)
- Investors on record: 15

## About

Cequence Security, Inc. specializes in API security and bot management solutions, focusing on safeguarding applications against automated threats and fraud through advanced technologies.Cequence Security, Inc. is dedicated to providing comprehensive security solutions focused on API protection and bot management. Founded in 2014 in Sunnyvale, US, the firm has completed 8 deals to date. The company's latest funding round was a Series C raise of USD 60.00 mn led by Menlo Ventures on April 19, 2023, bringing the total amount raised to USD 60.00 mn, with a current valuation of USD 280.94 mn. The company's co-founders include Ameya Talwalkar, Larry Link, Rod Beckstrom, and Shreyans Mehta, with Larry Link currently serving as CEO.Cequence offers a comprehensive suite of products focused on API security and bot management, aiming to protect applications from a range of automated attacks and fraud. Their core offerings include API Security Posture Management, which provides visibility, compliance, testing, and remediation capabilities, and specialized Bot Management tools designed to defend against malicious bots. The company's services target various end-use cases such as API discovery, risk classification, account takeover prevention, and sensitive data exposure security. Cequence serves a diverse client base across multiple industries, including automotive, financial services, healthcare, retail, and telecom, with its solutions deployed in significant markets including North America, Europe, and Asia-Pacific. The company's products are built to ensure robust protection of internet-facing APIs and are available through flexible deployment options such as on-premises, Software as a Service (SaaS), and hybrid models.Cequence generates revenue through subscription-based pricing structures associated with its API security and bot management services. Clients typically engage in annual contracts for managed services, which may include comprehensive security assessments and ongoing support. The company’s Managed Web Application and API Protection (WAAP) services, alongside its consulting and assessment offerings, form a significant portion of its transaction framework. Revenue is derived from B2B relationships, particularly with enterprises in need of enhanced security measures to protect sensitive data and maintain compliance. While specific pricing details are not disclosed, the revenue model is structured to ensure consistent cash flow from its subscription-based services, allowing for scalable growth in alignment with client demand for API protection solutions.In April 2023, Cequence Security, Inc. raised USD 60.00 mn in Series C funding led by Menlo Ventures and received additional investment from Aramco Ventures and Hewlett Packard Pathfinder. This funding will support the development of upcoming products and innovations in API security, with plans to expand into new geographic markets in North America, Europe, and Asia-Pacific by the end of 2024.

## Funding rounds

- Series C, Dec 15, 2021, $60M — HarbourVest Partners, Menlo Ventures, Shasta Ventures, Icon Ventures, Titanium Ventures, Dell Technologies Capital, T-Mobile Ventures
- Series B, Jun 22, 2021 — Shasta Ventures, Touchdown Ventures, Dell Technologies Capital, T-Mobile Ventures
- Series B, Feb 22, 2019, $14M — Shasta Ventures, Dell Technologies Capital
- Series A, Jan 29, 2018, $8M — Shasta Ventures
- Seed, Oct 1, 2016, $4.5M — TriplePoint Capital, CRCM, SV Tech Ventures, Monta Vista Capital, Tech Square Labs, Wisemont Capital, 408 Ventures

## Investors

- TriplePoint Capital (https://capitalatlas.ai/funds/triplepoint-capital) — Seed
- CRCM (https://capitalatlas.ai/funds/crcm) — Seed
- SV Tech Ventures (https://capitalatlas.ai/funds/sv-tech-ventures) — Seed
- Monta Vista Capital (https://capitalatlas.ai/funds/monta-vista-capital) — Seed
- Tech Square Labs (https://capitalatlas.ai/funds/tech-square-labs) — Seed
- Wisemont Capital (https://capitalatlas.ai/funds/wisemont-capital) — Seed
- 408 Ventures (https://capitalatlas.ai/funds/408-ventures) — Seed
- Shasta Ventures (https://capitalatlas.ai/funds/shasta-ventures) — Series A, Series B, Series C
- Dell Technologies Capital (https://capitalatlas.ai/funds/dell-technologies-capital) — Series B, Series C
- Touchdown Ventures (https://capitalatlas.ai/funds/touchdown-ventures) — Series B
- T-Mobile Ventures (https://capitalatlas.ai/funds/t-mobile-ventures) — Series B, Series C
- HarbourVest Partners (https://capitalatlas.ai/funds/harbourvest-partners) — Series C
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series C
- Icon Ventures (https://capitalatlas.ai/funds/icon-ventures) — Series C
- Titanium Ventures (https://capitalatlas.ai/funds/titanium-ventures) — Series C