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Ghost Safety Snags $15M Funding for API Safety Tech

By Ryan Naraine on August 05, 2022

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Texas startup Ghost Safety has joined the record of early-stage firms within the API and utility safety house attracting enterprise capital funding.

The Austin-based firm emerged from stealth this week with $15 million in investments from 468 Capital, DNX Ventures, and Munich Re Ventures.

“We imagine the explosive development of microservices and APIs within the cloud will proceed to outpace the capabilities of current safety options. We see this creating an excellent bigger hole between the defensive capabilities of enterprise companies and the capabilities of expert hackers,” stated Greg Martin, co-founder and CEO of Ghost Safety.

“As an business, we’re nonetheless seeing a whole lot of legacy pondering round methods to take care of the applying, information, and microservice sprawl that giant scale cloud adoption has created,” Martin added, noting that approaches and utility safety merchandise have change into dated and fewer efficient.

He stated Ghost Safety is inventing and constructing a completely new strategy to stopping assaults towards functions, APIs and microservices.

Ghost Safety’s public introduction comes amidst a funding frenzy for firms within the API safety and providers house.  

The lengthy record of startups constructing know-how on this class embrace NoName Safety ($220 million raised), Salt Safety ($271 million), Cequence ($101 million raised) and Traceable AI ($80 million raised) and Pangea ($25 million raised).

Associated: Pangea Lands $25 Million Funding for API Safety Companies

Associated: Noname Safety Raises $60 Million in Sequence B Funding

Associated: API Safety Agency Salt Safety Raises $30 Million Sequence B  

Associated: Traceable AI Snags $60M for API Safety Tech 

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