CrowdStrike (Nasdaq: CRWD), the cloud-delivered protection of endpoints, cloud workloads, identity and data organisation, has announced that its strategic investment arm, Falcon Fund, has invested in Salt Security, the leader in Application Programming Interface (API) security. In addition to the investment, Salt Security and CrowdStrike are partnering to bring together leading technology to apply API discovery and runtime protection on applications, and enable security testing to harden APIs before release.
“With the proliferation and use of SaaS applications, APIs are becoming a key target for adversaries,” said Michael Sentonas, chief technology officer at CrowdStrike. “Salt Security has emerged as the clear leader in solving this major blindspot for organisations, which is why we have chosen to invest in this innovative team and technology.”
CrowdStrike says it is committed to building an ecosystem of next-generation security leaders and enabling seamless integrations with the solutions that customers need to protect themselves in a rapidly evolving threat landscape. CrowdStrike’s Falcon Fund has been active with investments in established and emerging leaders across adjacent markets including Dig Security (data detection and response), JumpCloud (open directory) and Talon Security (secure enterprise browser).
“APIs connect the critical data and services that drive today’s digital innovation,” said Roey Eliyahu, CEO and co-founder at Salt Security. “API usage is rapidly growing, and API attack traffic is growing year-over-year. Existing defences are not effective in detecting and stopping API attacks, leaving organisations vulnerable to today’s low-and-slow API attacks. Just as CrowdStrike revolutionised endpoint protection, Salt is pioneering a context-based approach to finding and stopping bad actors abusing APIs. We are honoured to welcome CrowdStrike as a strategic partner and help provide their customers with best-in-class API security.”
IT Security Guru recently sat down with Michelle McLean from Salt Security to discuss the significance of API security and what sets Salt apart; you can read that interview here.