API Security platforms

Updated: November 11, 2023

API security platforms are essential tools that help organizations protect their Application Programming Interfaces (APIs) from security threats and vulnerabilities. These specialized platforms offer a range of security measures, such as authentication, authorization, and encryption, to ensure that only authorized users and applications can access the APIs and the data they expose. API security platforms often include features for threat detection and prevention, API traffic monitoring, and real-time alerts, allowing organizations to proactively identify and respond to potential security incidents. With API security platforms, businesses can enforce security policies, protect sensitive data, and prevent attacks like API misuse, injection, and data breaches. By leveraging API security platforms, organizations can build a strong security foundation for their APIs, safeguarding critical data and assets while ensuring a seamless and secure experience for developers and users interacting with their APIs.

See also: Top 10 Cloud Security Software

2023. API security startup Pynt raises $6M



Pynt, a startup dedicated to simplifying and automating API security testing for developers and security professionals, has secured $6 million in seed funding. Recognizing the scarcity of cybersecurity experts, Pynt focuses on streamlining API security testing by seamlessly integrating with widely used tools such as Postman and Newman. These integrations, commonly employed by teams for testing both internal and external APIs, enable Pynt's users to access the service either through the Postman app or as a Newman command line wrapper. Pynt stands out by leveraging a team's existing functional tests to construct security tests, offering default testing for prevalent OWASP vulnerabilities. This encompasses issues like user data leakage, SQL injections, local file access, and overlooked authentication tokens, providing a comprehensive approach to API security testing.


2021. Cequence adds $60M Series C to improve API security



Cequence Security, a company that recently concluded a $17 million Series B funding round, initially focused on safeguarding business logic. While it continues to address that aspect, Cequence has now redirected its attention to API security, resulting in the announcement of a $60 million Series C funding round. The startup observed an increasing number of vulnerabilities arising from APIs among its customers, prompting them to pivot the Cequence analytics engine towards identifying and addressing such vulnerabilities. By examining approximately 150 data points, Cequence assesses whether the detected activity raises concerns.


2021. Noname Security raises $60M to eliminate API flaws



Enterprise API security startup, Noname Security, has successfully raised $60 million in a Series B funding round. The company offers a comprehensive security platform powered by AI and machine learning, empowering enterprises to identify and protect managed and unmanaged APIs within their organization. This approach addresses API security blind spots by providing visibility and protection for APIs that are exposed, consumed, or used internally. Noname Security emphasizes that many of these vulnerabilities can go undetected for extended periods, granting unauthorized individuals unrestricted access to an organization's most critical operations.