Salt Security Valuation, Funding & Investors
Salt Security is valued at $1.4B as of February 2022.
Last Salt Security valuation
$1.4B
Series D · Feb 2022
Last Salt Security funding round
$140M
Series D · Feb 2022
Cumulative funding Salt Security raised
$271M
across 6 funding rounds
Key investors in Salt Security
Y Combinator
Tenaya Capital
S Capital
Sequoia Capital
DFJ Growth
Alkeon Capital
About Salt Security
Salt Security is an API security company whose platform uses cloud-scale data analysis to detect and stop attacks against APIs, including discovery of vulnerabilities and behavioral threat protection. Founded in 2016 and based in Palo Alto, California, it serves Fortune and Global 500 enterprises seeking to protect the APIs that power their digital transformation initiatives, competing with vendors such as Ping Identity.
Founded
2015
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.4B (Feb 2022)
Salt Security Valuation
Salt Security is currently valued at $1.4B, based on its Series D in February 2022.
The $140M round was led by CapitalG, with participation from Tenaya Capital, Y Combinator, S Capital, Advent International, DFJ Growth and 2 other investors.
Salt Security's valuation has grown 9.3x from $150M at its Series B in December 2020 to $1.4B in February 2022, across 3 priced rounds.
Salt Security valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2022 | Series D | $1.4B |
| May 2021 | Series C | $500M |
| Dec 2020 | Series B | $150M |
Salt Security Funding History
Salt Security has raised a total of $271M across 6 funding rounds.
Salt Security's first fundraising round was a $1M seed round in March 2016. The most recent completed round was a $140M Series D in February 2022.
Salt Security funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2022 | Series D | CapitalG (lead); Tenaya Capital; Y Combinator; S Capital; Advent International; DFJ Growth; Sequoia Capital; Alkeon Capital | $140M | $1.4B | Salt Security is the leading API security company, offering a platform that leverages cloud-scale big data to detect and stop API attacks while supporting shift-left capabilities. On February 10, 2022, it raised $140 million in a Series D funding round led by CapitalG, Alphabet's independent growth fund, with participation from all existing investors including Sequoia Capital, Tenaya Capital, S Capital, DFJ Growth, Y Combinator, Advent International, and Alkeon Capital. This round brought the company's post-money valuation to $1.4 billion and total funding to $271 million, with $210 million raised in the prior 12 months following a $70 million Series C in mid-2021. The investment underscores surging demand for API security amid digital transformation and rising cyber threats targeting APIs, positioning Salt Security as the leader with the most funding, highest valuation, most customers, and deepest penetration among Fortune and Global 500 enterprises. Funds will expand R&D, sales and marketing, and international operations to address the dynamic API attack surface. CapitalG Partner James Luo highlighted Salt's innovative approach to API protection enabling business innovation securely. CEO Roey Eliyahu emphasized the vision to make API innovation safer and easier at global scale. |
| May 2021 | Series C | Advent Technologies Hldgs (lead); Tenaya Capital; Y Combinator; S Capital; DFJ Growth; Sequoia Capital; Alkeon Capital | $70M | $500M | Salt Security is a Palo Alto-based API security company founded in 2016, offering an AI-driven platform for real-time API threat detection, behavioral protection, and discovery of vulnerabilities in APIs powering digital transformation. The company raised $70 million in its Series C round on May 26, 2021, led by Advent International (through Advent Tech), with participation from Alkeon Capital, DFJ Growth, and existing investors Sequoia Capital, Tenaya Capital, S Capital VC, and Y Combinator, bringing total funding to $131 million at that point. This followed a $30 million Series B in December 2020 and $20 million Series A, with the rapid fundraising driven by inbound investor interest despite ample prior capital remaining. The Series C funds were allocated to expand sales and marketing as well as R&D teams, positioning Salt to capture a multibillion-dollar API security market amid surging API usage and threats, competing with players like Ping Identity and CloudVector (acquired by Imperva). Subsequent developments included a $140 million Series D in February 2022 led by CapitalG at a $1.4 billion valuation, with participation from prior investors, pushing total funding over $270 million and establishing Salt as a cybersecurity unicorn with strong enterprise adoption among Fortune and Global 500 firms. The company continued growth with additional unattributed funding in 2022, emphasizing R&D, international expansion, and API protection innovations. |
| Dec 2020 | Series B | Sequoia Capital (lead); Tenaya Capital; Y Combinator; S Capital | $30M | $150M | Salt Security is a Palo Alto-based API cybersecurity company founded in 2016, specializing in AI-driven API protection platforms for real-time threat detection and behavioral protection using machine learning. The company raised $30 million in its Series B funding round on December 8, 2020 (approximate date 08/12/2020), led by Sequoia Capital with participation from Tenaya Capital, S Capital VC, and Y Combinator. This followed a $10 million Series A in January 2019 led by Sequoia Capital. The Series B round valued Salt Security at a post-money valuation of $150.27 million, supporting enhancements to its API protection platform and market expansion. Salt Security continued its growth trajectory with a $70 million Series C in May 2021 involving Advent International, Alkeon Capital Management, DFJ Growth, Sequoia Capital, Tenaya Capital, Y Combinator, and S Capital VC to accelerate product innovation and enterprise-grade API threat intelligence. A $140 million Series D followed in February 2022 led by CapitalG, S Capital VC, and Sequoia Capital, bringing total funding to $281 million and valuing the company at $1.4 billion. The company has attracted 16 investors overall, including CrowdStrike Falcon Fund in a later unattributed VC round in September 2022, positioning it as a leader in the API security landscape amid growing demand for advanced cybersecurity solutions. |
| Jun 2020 | Series A | Tenaya Capital (lead); Haim Sadger; Marius Nacht; Ayala Peterburg; René Bonvanie; Bossa Invest | $20M | - | Salt Security is an Israeli API cybersecurity company founded in 2016 that provides threat protection solutions to detect API vulnerabilities and identify attackers before successful compromise. The company's technology protects against threats listed in the OWASP API Security Top 10 and had been integrated into enterprise customers including City National Bank, TripActions, and Armis by the time of this round. In June 2020, Salt Security closed a $20 million Series A funding round led by Tenaya Capital, with participation from existing investors S Capital cofounders Haim Sadger and Aya Peterburg, Check Point Software co-founder Marius Nacht, and strategic investor René Bonvanie from Palo Alto Networks. This brought total capital raised to $30 million. The company demonstrated strong growth during the first half of 2020, having almost doubled its revenue from end-2019 despite COVID-19, while maintaining all existing customers and achieving gross margins exceeding 90 percent. Tom Banahan from Tenaya Capital joined the company's board, noting the leadership team's deep cybersecurity expertise including members of Israel's elite IDF cyber unit and experience scaling enterprise companies. |
| Sep 2018 | Seed | S Capital (lead); Marius Nacht; Kevin Mahaffey | $10M | - | - |
| Mar 2016 | Seed | Y Combinator (lead); Follow[the]Seed; FoundersX Ventures | $1M | - | - |
Who has invested in Salt Security?
17 investors have backed Salt Security across its funding rounds, including Y Combinator, Tenaya Capital, S Capital, Sequoia Capital, DFJ Growth and Alkeon Capital.
Lead investors include CapitalG, Advent Technologies Hldgs, Sequoia Capital, Tenaya Capital, S Capital and 1 other investor.
Salt Security Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 4 | Lead | Jun 2020 | |
| San Francisco, CA | 4 | Lead | Mar 2016 | |
 Tel Aviv | 4 | Lead | Sep 2018 | |
| San Francisco, CA | 3 | Lead | Dec 2020 | |
![](data:image/svg+xml,<svg xmlns="http://www.w3.org/2000/svg" width="20" height="20" viewBox="0 0 20 20"><rect fill="%23e5e7eb" width="20" height="20" rx="4"/></svg>){kind=small} Marius Nacht | Tel Aviv | 2 | Participant | Sep 2018 |
| San Francisco, CA | 2 | Participant | May 2021 | |
| New York City, NY | 2 | Participant | May 2021 | |
 Sydney | 1 | Participant | Mar 2016 | |
| Haim Sadger | Israel | 1 | Participant | Jun 2020 |
| San Francisco, CA | 1 | Participant | Mar 2016 | |
| Kevin Mahaffey | San Francisco, CA | 1 | Participant | Sep 2018 |
| Boston, MA | 1 | Participant | Feb 2022 | |
| Ayala Peterburg | Tel Aviv | 1 | Participant | Jun 2020 |
This data is available for Pro users. Sign up to see all 17 Salt Security investors. Start Free Trial | ||||
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Start Free TrialSalt Security Competitors
Salt Security competitors include listed companies like PCITECH and TRS Information Technology, and private ones like Avathon, Veriff, Vectra AI and Beyond Identity.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $1.4B | - | |
 Tallinn | Private | $100M | - | $1.5B | 15.0x | |
| San Jose, CA | Private | - | - | $1.2B | - | |
| New York City, NY | Private | - | - | $1.1B | - | |
 China | Publicly listed | $1.5B | $53M | $1.4B | 0.9x | |
| China | Publicly listed | $76M | ($20M) | $1.7B | 19.7x |
Salt Security Public Comps
Salt Security is still privately-owned, but its public comps include DPtech, PCITECH, Fractal Analytics, Secunet, CloudWalk, Radware, Red Violet, Eastcompeace Tech, TRS Information Technology and Progress Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $182M | $25M | 5.3x | 4.9x | 39.0x | - | |||
| $1.5B | $53M | 0.8x | 0.9x | 24.1x | - | |||
| $344M | $50M | 3.7x | 3.4x | 25.8x | 21.0x | |||
| $528M | $86M | 2.8x | 2.6x | 17.3x | 16.3x | |||
| $75M | ($75M) | 18.8x | 19.1x | (18.7x) | - | |||
| $302M | $20M | 3.6x | 3.4x | 56.1x | 23.2x | |||
| $90M | $24M | 13.2x | 11.7x | 50.0x | 31.7x | |||
| $197M | $26M | 4.8x | - | 36.4x | - | |||
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Common questions about Salt Security
| When was Salt Security founded? | Salt Security was founded in 2015. |
| Where is Salt Security headquartered? | Salt Security is headquartered in San Francisco, CA, United States. |
| Is Salt Security publicly listed? | No, Salt Security is a private, VC-backed company. |
| What is Salt Security's valuation? | Salt Security was last valued at $1.4B in its Series D in February 2022. |
| How much funding has Salt Security raised? | Salt Security has raised $271M across 6 funding rounds. |
| What was Salt Security's last funding round? | Salt Security's last funding round was a $140M Series D in February 2022, led by CapitalG. |
| Who are Salt Security's investors? | Salt Security's investors include Tenaya Capital, Y Combinator, S Capital, Sequoia Capital, Marius Nacht, DFJ Growth, Alkeon Capital, Follow[the]Seed, Haim Sadger, FoundersX Ventures and 7 others. |
| Which companies are comparable to Salt Security? | Companies comparable to Salt Security include Avathon, Veriff, Vectra AI, Beyond Identity, PCITECH and TRS Information Technology. |
See companies similar to Salt Security
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