Salt Security

Salt Security uses big data and a patented AI-based threat protection platform protecting a company’s application programming interfaces (API). The platform is designed to discover all the APIs within an organization and analyze network traffic and data associated with it to detect and eliminate any vulnerabilities which could lead to data exfiltration, account takeovers, and service disruption.

Key customers and partnerships

Salt Security’s platform is used by several digital innovators such as Payoneer, Armis, and Finastra.

Salt Security and the cybersecurity company CrowdStrike partnered in September 2022, to integrate Salt Security’s API discovery and the latter’s Falcon runtime protection on applications to provide a comprehensive view of an organization’s attack surface and accelerate threat detection and response.

Funding and financials

In February 2022, the company raised USD 140 million in a Series D funding round led by Alphabet’s growth fund, CapitalG, at a USD 1.4 billion valuation, bringing the total funding raised to 271 million. The funds were expected to be utilized to expand R&D, sales and marketing, and international growth. In September 2022, the company secured an undisclosed investment as an extension to its Series D funding round from CrowdStrike Falcon Fund.

As of May 2021, the company claimed that its revenue had grown 400% year-over-year (YoY), while the volume of API traffic secured through its platform grew by 380% YoY. In FY2021, Salt Security saw a 500% growth in revenue, 300% growth in customer base, 250% growth in employee headcount (employed 135 people as of February 2022), and 900% growth in customers among Fortune 500 and Global 500 organizations.