• Salt Security, a provider of application programming interface (API) security, has raised USD 140 million in a Series D funding round at a USD 1.4 billion valuation. The round was led by Alphabet’s growth fund, CapitalG, and included participation from all its existing investors that include Sequoia Capital, Y Combinator, and Advent International. Following this round, the company’s total funding stands at USD 271 million.

• The funds will be utilized to expand R&D, sales and marketing, and international growth.

• In 2021, Salt Security saw a 500% growth in revenue, 300% growth in customer base, 250% growth in employee headcount (currently employs 135 people), and 900% growth in customers among Fortune 500 and Global 500 organizations.

<ul><li> Analyst QuickTake: Salt Security’s funding round follows the Series C of its closest competitor, Noname Security , which raised USD 135 million in December last year at a valuation of USD 1 billion. These funds were to be channeled towards the global expansion of its go-to-market and R&D teams.</ul>