UPDATED 09:00 EDT / APRIL 19 2023


Cequence Security welcomes HP Pathfinder and Prosperity7 as new investors

Application programming interface security startup Cequence Security Inc. announced today that Hewlett-Packard Pathfinder and Prosperity7 Ventures have made strategic investments in the company.

Founded in 2014, Cequence offers a scalable software platform designed to protect customers’ web, mobile and API applications from malicious bot attacks. The platform offers web and runtime API visibility, security risk monitoring and behavioral fingering to detect and protect constantly against ever-evolving online attacks such as online fraud, business logic attacks, exploits and unintended data leakage.

The Cequence Unified API Protection solution is claimed to be the only offering that addresses all phases of the API protection lifecycle to defend an enterprise’s APIs from attackers and eliminate unknown and unmitigated API security risks. The platform detects threats that can lead to data loss, fraud and business disruption.

Security teams deploying Cequence’s UAP solution achieve continuous protection of their API risk surface, enabling their organizations to reap the advantages of ubiquitous API connectivity securely while meeting regulatory compliance.

One of the company’s services, API Sentinel, allows customers to keep track of all their APIs with 360-degree visibility, inventory tracking and traffic analysis of public-facing and internet APIs. Coverage includes APIs on edge and the data centers through to service mesh environments.

Cequence claims to be protecting an estimated $9 trillion in assets among Fortune 500 companies and more than 2 billion user accounts worldwide. “APIs are the currency of exchange in today’s digital business reality and organizations of all sizes are using APIs to increase business velocity and create competitive advantage,” Ameya Talwalkar, founder and chief executive officer of Cequence Security, said in a statement. “However, APIs, which by their nature are highly visible and well-defined doorways into the data and business processes of organizations, are now the No. 1 attack surface.”

The amount invested by HP Pathfinder and P7 Investments was not disclosed. Cequence Security had raised more than $100 million from investors, including Dell Technologies Capital LLC, HarbourVest Partners LLC, ICON Ventures Management Inc., Menlo Ventures Management L.P., Shasta Ventures Management LLC, Telstra Ventures Holdings Pty. Ltd. and T-Mobile Ventures LLC.

Talwalkar and Subbu Iyer, vice president of product management at Cequence, spoke on these topics with theCUBE, SiliconANGLE Media Inc.’s livestreaming studio, in September:

Image: Cequence Security

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