ThreatX raises $30 million to support attack protection across APIs and web apps

ThreatX has raised $30 million in Series B funding led by Harbert Growth Partners, with participation from Vistara Growth. Existing ThreatX investors .406 Ventures, Grotech Ventures and Access Venture Partners also participated in the round.

With these funds, ThreatX will accelerate investments in platform development and scale their global sales and marketing initiatives as companies seek to block complex attacks targeting APIs and web applications.

As organizations undergo digital transformation efforts and deliver new capabilities to connect with customers and partners, APIs have emerged as a strategic priority. Coupled with growth in web applications, the enterprise attack surface has exploded and is under constant threat from botnets, DDoS attacks and complex, multi-mode offensive attack campaigns.

In this context, customers need API and web application protection capabilities that can identify and respond to attacks in real time, even as perpetrators evolve their techniques.

ThreatX is providing organizations with the ability to discover and visualize their attack surface; block attacks in real-time; and have access to 24/7 managed services to support resource-constrained security teams.

Recently, ThreatX announced the company has been acknowledged twice as a Sample Vendor in the Gartner Hype Cycle for Application Security, 2022 report. ThreatX was listed within the API Threat Protection and Cloud WAAP categories.

“While APIs bring rich opportunities to companies across nearly every market, they can also quickly devolve into business threats if not secured,” said Gene Fay, CEO, ThreatX.

“The ThreatX platform delivers the one-two punch that modern organizations seek in API

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