Sidley represented Salt Security in its US$70 million Series C funding which was led by Advent, with participation from Alkeon Capital and DFJ Growth. Existing investors, Sequoia Capital, Tenaya Capital, S Capital VC, and Y Combinator, also participated in the round.
As APIs have proliferated as part of digital transformation, cloud migration, and application acceleration initiatives, API security incidents have risen in tandem, as attackers realize APIs are fruitful and lucrative to target. Salt Security’s API Protection Platform is the industry’s first patented solution to prevent the next generation of API attacks, using machine learning and AI to automatically and continuously identify and protect APIs.
The Sidley team was led by Alina Azizian and Peiyu Yu (Emerging Companies and Venture Capital), and included Idan Netser (Emerging Companies and Venture Capital), Stacy Crosnicker (Employee Benefits and Executive Compensation), and Rachelle Soderstrom (Technology and IP Transactions).