Akto is building a plug and play API security platform and is announcing a $4.5 million seed funding round led by Accel India with participation from angel investors Akshay Kothari (co-founder and COO of Notion), Renaud Deraison ( co-founder Tenable) and Milin Desai (CEO of Sentry), among others.
The new investment will allow Akto to integrate with all CI/CD tools enabling developers to run checks before deploying APIs, provide comprehensive coverage of business logic tests and improve the platform by building stronger AI/ML capabilities. Our vision is to enable the 30 million developers and security engineers to secure their APIs in less than 60 seconds.
In addition to Akto’s API security platform, Akto has developed a free chrome extension called AKTO MINI to generate a quick inventory of APIs and detect PII data leaks without having to deploy anything.
According to the company, AKTO MINI has already generated interest from security engineers and developers who have generated their API inventory instantly for free. The company is extending AKTO MINI as a full-fledged open source project.
API attack traffic has grown 700% in the last year.