Escape raises $3.9 million in seed to secure APIs at every development stage
Summary
If you are interested, take a look at Escapes Open Positions.Paris, Tuesday June 6th 2023 Escape, the API security company, freshly out of Y Combinators 2023 cohort, announced a $3.9 million (3.6 million) seed funding led by IRIS alongside Frst and existing investors, Y Combinator, Irregular Expressions, Tiny Supercomputers and Kima Ventures, as well as leading angel investors such as Philippe Langlois, Mehdi Medjaoui and Roxanne Varza.The funding round will allow the company co-founded by Tristan Kalos and Antoine Carossio, to double the teams size, hiring international sales specialists and engineers to accelerate its product adoption across the world and develop new security features.Addressing a significant cybersecurity issue: securing APIs before production and along the development process91% of APIs, the programming interfaces used for web applications, are vulnerable to hackers (Source: Gartner). Earlier this year, Escape also released SecureGPT, a unique lightning-fast, and free security tool designed specifically for ChatGPT APIs. With offices and teams in Paris, Berlin, and Munich and a keen understanding of their markets and a robust international network, IRIS is a selective partner to the upcoming scale-ups and tech giants, helping them increase their visibility, business reach, and impact across the world. IRIS investments include, among others, companies such as Adjust, Braincube, Cohort, Exotec, Forto, Kyriba, Jedox, LeanIX, Lumapps, Lookout, Red Points, Shift, Spinergie, SurePay, Talend, Talon.one, Workpath and Zeta Global. For more information, visit www.iris.vcFrst is a Venture Capital fund dedicated to financing the early months of the most ambitious entrepreneurs in the French ecosystem.