# Salt Security

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

- Industry: IT Security/Cybersecurity
- Headquarters: Palo Alto, US
- Website: www.salt.security
- Total disclosed funding: $254M
- Latest round: Series D (Jan 20, 2022)
- Investors on record: 10

## About

Salt Security, Inc., based in the US, specializes in API security solutions, offering a comprehensive platform for governing, protecting, and managing APIs throughout their lifecycle for enterprises across various industries.Founded in 2016, Salt Security, Inc. focuses on API security, helping organizations manage API vulnerabilities and compliance. The company is headquartered in Palo Alto, US. Co-founders Michael Nicosia and Roey Eliyahu have experience in building security solutions, with Roey Eliyahu currently serving as CEO. Salt Security has successfully raised a total of USD 124.50 mn through multiple funding rounds, with the latest being a Series D round led by CapitalG on September 19, 2022, involving investors such as Advent International and Sequoia Capital, among others. The company has completed 8 deals to date, with a current valuation of USD 1,312.65 mn.Salt Security offers an API security platform designed to govern, protect, and manage APIs throughout their entire lifecycle. Their core product, Illuminate™, provides organizations with visibility into their API ecosystem, allowing them to map the full API attack surface, uncover hidden or outdated APIs, and manage risks associated with AI agents. This platform addresses critical challenges of API vulnerabilities, governance, and compliance, ensuring protection of sensitive data while adhering to regulatory frameworks such as PCI DSS, NIST, and GDPR. The company serves a diverse client base across healthcare, finance, and technology sectors, focusing on enterprise-level organizations in North America, Europe, and Asia-Pacific regions.Salt Security generates revenue primarily through a subscription model for its API security solutions. Their B2B transactions cater to enterprises requiring robust security measures for their digital ecosystems. Client agreements often involve tiered pricing based on the number of APIs monitored or service levels, including features like API discovery, threat detection, and compliance management. Additionally, the revenue structure supports partnerships with other cybersecurity firms to enhance their offerings in the API security market.Salt Security plans to leverage the recent Series D funding of USD 124.50 mn to enhance its product offerings and expand into new markets. The company is actively designing new products to further improve API security measures and is targeting expansion into European and Asia-Pacific markets by the end of 2023. This strategic growth is indicative of their commitment to advancing their platform and increasing their global footprint in the API security sector.

## Funding rounds

- Series D, Jan 20, 2022, $125M — Advent International, Hong Shan, Tenaya Capital, Alkeon Capital Management, Y Combinator, CapitalG, DFJ Growth, S Capital VC
- Series C, May 26, 2021, $68M — Advent International, Hong Shan, Tenaya Capital, Alkeon Capital Management, Y Combinator, DFJ Growth, S Capital VC
- Series B, Dec 8, 2020, $30M — Hong Shan, Tenaya Capital, Y Combinator, S Capital VC
- Series A, Mar 12, 2020, $20M — Tenaya Capital, Bossa Nova Investimentos
- Seed, Sep 4, 2018, $11M — S Capital VC
- Seed, Mar 22, 2016, $1M — Y Combinator, FoundersX Ventures

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed, Series B, Series C, Series D
- FoundersX Ventures (https://capitalatlas.ai/funds/foundersx-ventures) — Seed
- S Capital VC (https://capitalatlas.ai/funds/s-capital-vc) — Seed, Series B, Series C, Series D
- Tenaya Capital (https://capitalatlas.ai/funds/tenaya-capital) — Series A, Series B, Series C, Series D
- Bossa Nova Investimentos (https://capitalatlas.ai/funds/bossa-nova-investimentos) — Series A
- Hong Shan — Series B, Series C, Series D
- Advent International (https://capitalatlas.ai/funds/advent-international) — Series C, Series D
- Alkeon Capital Management (https://capitalatlas.ai/funds/alkeon-capital-management) — Series C, Series D
- DFJ Growth (https://capitalatlas.ai/funds/dfj-growth) — Series C, Series D
- CapitalG (https://capitalatlas.ai/funds/capitalg) — Series D