Investors Eye Emerging Cybersecurity Space As APIs Explode

Funding Rounds

▤ Summary

“Right now there is a lot of money flying around out there,” said Greg Dracon, a partner at .406 Ventures, which invested in ThreatX and described the round as competitive from the investor’s side. Without secure APIs to protect the data and services that flow between applications, bad actors can take over accounts or disrupt a company’s ecommerce business. Just last month cyber giant Imperva bought Los Altos, California-based API security developer CloudVector for an undisclosed amount. Aside from the usual suspects of Fortinet, Palo Alto Networks and Cisco, Link said he could see VMware, Splunk and CrowdStrike looking more at the area of API security. “Those guys are interested in the API space,” said Link, who expects to raise a $40-to-$50 million Series C growth round by the end of the year.

$ Funding

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Amount $10.0M Total raised
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Date June 24, 2021 Announcement date
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Investors - Lead investors
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Company http://www.cequence.ai Funded company

▥ Classifications

industries
Environment
applications
Data Management

◇ AskAI Classifications

Labels
Cybersecurity API Security Bot Management

▦ Linked Companies