Salt Security, based in Palo Alto, Calif., was founded in 2016 by CEO Roey Eliyahu and COO Michael Nicosia. The company, which was last valued at $1.4 billion in February 2022, offers what is known as an API protection platform to prevent cyberattacks by using artificial intelligence in a continuous and automated manner. API is short for “application program interfaces,’’ which have become critical to programming web-based interactions and have thus become a natural target for hackers.
in February 2022, Salt Security closed a $140 million Series D round led by Capital G, the independent growth fund controlled by Alphabet, Google’s parent company.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
02/10/2022 | Series D | $140MM | $xx.xx | $1.4B | Advent International, Alkeon Capital, Capitalg, Dfj Growth, S Capital Vc, Sequoia Capital, Tenaya Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
216,216,216
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Advent International, Alkeon Capital, Capitalg, Dfj Growth, S Capital Vc, Sequoia Capital, Tenaya Capital, Y Combinator
|
||||||
05/26/2021 | Series C | $70MM | $xx.xx | $606.24MM | Advent International, Alkeon Capital, Dfj Growth, S Capital Vc, Sequoia Capital, Tenaya Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
229,432,972
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Advent International, Alkeon Capital, Dfj Growth, S Capital Vc, Sequoia Capital, Tenaya Capital, Y Combinator
|
||||||
12/08/2020 | Series B | $30MM | $xx.xx | $150.27MM | S Capital Vc, Sequoia Capital, Tenaya Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
351,288,056
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
S Capital Vc, Sequoia Capital, Tenaya Capital, Y Combinator
|
||||||
06/16/2020 | Series A | $20MM | $xx.xx | $76.32MM | Tenaya Capital | |
Price per Share
$xx.xx
Shares Outstanding
319,488,814
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Tenaya Capital
|
||||||
01/29/2019 | Series Seed-2 | $499,999.00 | $xx.xx | $20.6MM | Kevin Mahaffey, Marius Nacht, S Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
26,766,591
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Kevin Mahaffey, Marius Nacht, S Capital, Y Combinator
|
||||||
01/29/2019 | Series Seed-3 | $2.42MM | $xx.xx | $20.6MM | Kevin Mahaffey, Marius Nacht, S Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
112,203,145
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Kevin Mahaffey, Marius Nacht, S Capital, Y Combinator
|
||||||
01/29/2019 | Series Seed-1 | $8MM | $xx.xx | $20.6MM | Kevin Mahaffey, Marius Nacht, S Capital, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
334,029,228
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Kevin Mahaffey, Marius Nacht, S Capital, Y Combinator
|