ForbesUnder30 Alum Roey Eliyahu Raises $140 Million At $1.4 Billion Valuation For Salt Security
Salt Security uses big data and machine learning to help companies protect their APIs. With clients that include Home Depot, Takeda Pharmaceutical and Launchpad, its services are increasingly in demand. Salt Security announced $140 million in a Series-D round on Thursday, led by Capital G, the investment arm of Google. The fresh flow of funds brings the company’s total raised funds to $271 million, $210 million of which was raised in the past 12 months. It’s valuation is now $1.4 billion.
James Luo, a partner at CapitalG has led investments in other security companies like CrowdStrike and Orca security. “Most enterprises now have internal and external facing API's, and many that we talked to didn't even know where half of their API's were,” Duo tells. “What we really love about Salt is they were really the pioneers in this API security space, and they looked at the problem before anyone realized its magnitude.
The latest funding round comes eight months after Salt Security raised its Series C round. Other investors who participated in the round include Sequoia Capital, Y Combinator, Tenaya Capital, S Capital VC, Advent International, Alkeon Capital, and DFJ Growth. The Palo-Alto based startup plans to direct the new investment to scale its research and development operation, Salt Labs.
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