Companies · Cybersecurity

Salt Security, Inc.Winter 2016Active

PALO ALTO · NY, USA; Tel Aviv-Yafo, Tel Aviv District, Israel · Cybersecurity · refined from filed group “Other · founded 2015 · https://salt.security/

Diligence memoA one-page analyst read on Salt Security, Inc. — recommendation, valuation, rhythm, risks.
$203.1M
Total raised · real
3
Rounds
1.8×
Latest step-up
Top 2%
Sector rank · raised
Series D+
Latest stage · inferred · Thu Jan 20 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Salt Security, Inc. has raised $203M over 3 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the cybersecurity sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 4.4 yr ago; this sector typically re-raises about every 15 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Cybersecurity

Salt Security, Inc. is one of 270 Cybersecurity companies tracked from PALO ALTO, NY, USA; Tel Aviv-Yafo, Tel Aviv District, Israel, on record since 2015. By capital raised it ranks among the largest (ahead of 99% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Protects organizations from getting breached through their APIs.

Salt Security protects the APIs that form the core of every modern application. Its patented API Protection Platform is the only API security solution that combines the power of cloud-scale big data and time-tested ML/AI to detect and prevent API attacks. By correlating activities across millions of APIs and users over time, Salt delivers deep context with real-time analysis and continuous insights for API discovery, attack prevention, and shift-left practices. Deployed quickly and seamlessly integrated within existing systems, the Salt platform gives customers immediate value and protection, so they can innovate with confidence and accelerate their digital transformation initiatives. Salt pioneered API security and is the industry leader for API security with a proven record of success. You can watch a 90-second overview video of the Salt Security API Protection Platform here: https://youtu.be/Z5nzavnBJj4

Cybersecurityai/ml
Find Salt Security, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
11
Investors (latest)
2022-01-20
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$1.3B$2.5B$3.8B$5.0BSeries A · 2018-09-04 Raised $11M (real) Modeled valuation $335M (est)$11M$335MSeries A2018Series C · 2021-05-26 Raised $68M (real) Modeled valuation $1.8B (est)$68M$1.8BSeries C2021Series D+ · 2022-01-20 Raised $124M (real) Modeled valuation $2.9B (est)$124M$2.9BSeries D+2022+$68M+$124MCumulative $203M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$10.6M · 2018
Series C$68.0M · 2021no Series B on file
Series D+$124.4M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series B — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$2.9B
Base estimate est.
$705.2M
Conservative case
$5.4B
Upside case
$1.0B
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the cybersecurity sector profile. Directional, not a quoted figure.

Series A · modeled $334.6M · 2018-09-042018Series C · modeled $1.8B · 2021-05-26Series D+ · modeled $2.9B · 2022-01-202022
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
85%
Survival probability
68% low · 94% high
1.31×/yr
Annual markup
1.47×/yr upside case
4.4 yr
Elapsed time used
4.4 yr actual, capped for stale marks
cybersecurity
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
20 mo
Avg between rounds
$60.1M/yr
Capital velocity
7.8 yr
On record since
2018
First round
3
Rounds on file
How it compares to the market

Benchmarked against 270 companies in Cybersecurity. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 33× above median
This company$203.1M
Sector median$6.2M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 1.0× above median
This company$124.4M
Sector median$124.4M
Modeled value — vs sector median (estimate, all stages) 65× above median
This company$2.9B
Sector median$45.4M

Raised more than 99% of sector peers (real $). Modeled value above 99% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
Abnormal Security CorpSeries D+$282.6M$4.8B1.24×
Salt Security, Inc. this companySeries D+$203.1M$2.9B0.76×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$10.6M2018-09-04$48.3M$334.6M90%
Series C$68.0M2021-05-26$453.3M$1.8B90%
Series D+$124.4M2022-01-20$1.0B$2.9B90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$10.6M2018-09-04
    • First recorded raise — entered as Series A.
    • 23 investors on this round.
  2. Series C$68.0M2021-05-26
    • Raised again after 33 mo — slower than the ~15 mo sector norm.
    • Round 6.4× larger than the prior — scaling up.
    • 14 investors on this round.
  3. Series D+$124.4M2022-01-20
    • Came back fast: 8 mo vs the ~15 mo sector norm.
    • Round 1.8× larger than the prior — scaling up.
    • 11 investors on this round.
Intelligence
2023 ~Q3
Modeled next raise · ~20mo cadence
$227.7M
Modeled next size est.range $148.0M$364.4M
1.8×
Last step-up
$60.1M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Carl Eschenbach5 other2021-05
Haim Sadger4 other2018-09
James Luo2 other2022-01
Tom Banahan2 other2021-05
Michael Nicosia2018-09
Roey Eliyahu2018-09
Registry & provenance

Salt Security, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1753414
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Prime Security Services TopCo Parent, L.P.CybersecuritySeries D+$217.3M$46.3Msame sector · same stage
Abnormal Security CorpCybersecuritySeries D+$282.6M$4.8Bsame sector · same stage
Frontpoint Security Holdings, LLCCybersecuritySeries D+$141.4M$4.7Bsame sector · same stage
Ionic Security Inc.CybersecuritySeries C$186.8M$15.7Msame sector
Gong i.o Ltd.Other TechnologySeries D+$450.0M$6.3Bnetwork1 shared operator · same stage
IronNet Cybersecurity, Inc.CybersecuritySeries C$144.4M$1.6Bsame sector
Pindrop Security, Inc.CybersecuritySeries C$142.8M$46.1Msame sector
Raintank Inc.Other TechnologySeries D+$913.7M$1.9Bnetwork1 shared operator · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
authzed
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Antigen
Continuous offensive security for the enterprise.
Cybersecurity74%
Protect AI, Inc.AI / MLSeries C$801.0M74%
BitPatrol
AI-powered code security
Cybersecurity72%
Ionic Security Inc.CybersecuritySeries C$15.7M72%
Escape
Offensive security for the teams that are 100x outnumbered
AI / ML72%
Salt Labs, Inc.Software / TechSeries B$164.1M72%
Coast
Demo Platform for API-First Companies
AI / ML72%
Frequently asked
How much funding has Salt Security, Inc. raised?
Salt Security, Inc. has raised approximately $203.1M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Salt Security, Inc.'s estimated valuation?
Provath's modeled valuation for Salt Security, Inc. is approximately $2.9B (modeled range $705.2M–$5.4B). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Salt Security, Inc. at?
Salt Security, Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Thu Jan 20.
What does Salt Security, Inc. do and where is it based?
Salt Security, Inc. operates in the Cybersecurity sector, based in PALO ALTO, NY, USA; Tel Aviv-Yafo, Tel Aviv District, Israel. Protects organizations from getting breached through their APIs.
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