Akto, a Palo Alto, California-based startup building a plug and play API security platform, raised $4.5M in seed funding.
The round was 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 company intends to use the funds 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 AI/ML capabilities.
Co-founded in January 2022 Ankita Gupta and Ankush Jain, Akto provides a plug-n-play API security platform that enables security teams and developers to proactively secure APIs in CI/CD pipelines and prevent sensitive data leaks. Akto deploys quickly (they say in less than a minute) to create an inventory of APIs, detects PII data leaks, misconfigurations and continuously tests these APIs for business logic flaws.
In addition to its 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. AKTO MINI has already generated interest from security engineers and developers who have generated their API inventory instantly for free.
FinSMEs
04/11/2022