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Buyers Double Down on Pangea Cyber API Safety Wager

By Ryan Naraine on December 01, 2022

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Pangea Cyber, an early stage startup engaged on know-how within the API safety companies house, has banked $26 million in a brand new funding spherical led by Google Ventures.

The $26 million Sequence B brings the full raised by Pangea to $51 million and underscores a push by enterprise capital traders to guess on corporations that assist builders embed safety companies and APIs into their cloud purposes.

Along with Google Ventures, Pangea stated Decibel and Okta Ventures additionally joined as traders. 

The one-year-old Pangea plans to make use of the funding for product improvement and to drive developer and builder adoption.

Pangea, the brainchild of serial entrepreneur Oliver Friedrichs, markets a Safety Platform-as-a-Service framework geared toward serving to builders add safety capabilities to their purposes. 

[ READ: Alphabet’s CapitalG Makes Big Bet on Salt Security ]

The corporate’s know-how can be utilized to log safety occasions, handle export restrictions, deal with personally identifiable info (PII), establish malicious recordsdata being shared, and block customers from dangerous web domains. 

The Palo Alto, Calif.-based Pangea is engaged on API-based microservices with options for Safe Audit Logging, Safe Object Retailer, Safe File Share, and Digital Embargo Verify. The corporate stated it additionally plans to combination and supply third-party APIs by way of partnerships.

Friedrichs, who scored prior exits with Immunet (acquired by Sourcefire) and the Phantom Cyber SOAR platform (acquired by Splunk), is constructing Pangea to compete in a crowded, well-funded API safety house. 

Earlier this 12 months, Traceable AI landed a $60 million funding spherical to hitch Salt Safety ($140 million funding), Noname Safety, Corsha, Cequence and 42Crunch within the class.

Associated: Pangea Lands $25 Million for API Safety Companies

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

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

Associated: Alphabet’s CapitalG Makes Huge Wager on Salt Safety

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