November 3, 2022
Super excited to announce that we have raised $4.5M seed funding!
I welcome our lead investor - Accel Partners, our angel investors - Akshay Kothari (co-founder and COO of Notion), Renaud Deraison ( co-founder Tenable) and Milin Desai (CEO of Sentry) among others for their partnership and trust in Akto.
You can read more about the announcement here.
In the last 12 months of existence, Akto has raised a capital of $4.5M, became a team of 10 members, served few of the largest alpha customers, and processed 10 billion+ API calls. We wrote our first line of code in November last year, and now have SaaS and on-prem versions running in production environments of customers across the globe. Super looking forward to the exciting future ahead.
Over 30 million developers around the world use thousands of APIs everyday. These APIs carry sensitive data of users which if leaked can cause irreparable damage to companies. Security teams struggle to secure these APIs because of:
Every company we talked to is struggling to solve these problems. Moreover, most teams have to spend months and devops team bandwidth to integrate a tool of their choice as current tools are very hard to install and work with.
Akto is the world’s first plug and play API security product. Akto deploys in less than a minute to create an inventory of APIs, detects PII data leaks, misconfigurations and continuously tests these APIs for business logic flaws like broken authentication and authorization in CI/CD pipeline.
Well, I cannot be more thankful to our early customers who have supported us in every way possible to make a great product. Thanks for believing in us, being patient with the building and solving for bugs. We promise to keep you happy with our roadmap.
Some of the largest companies around the world are using Akto to discover and test their APIs. Akto has discovered more than 100,000 APIs and detected 100+ auth vulnerabilities for its customers.
My heartfelt gratitude to our team members, customers and investors for believing in us. Last 12 months have been supremely awesome building Akto and we can’t wait to delight every developer and security engineer with the fastest API security platform.