Cequence Security sees record growth as API security risks explode

SUNNYVALE, Calif .– (COMMERCIAL THREAD) –Sequence security, a leading API security vendor, today announced strong business momentum with significant growth in revenues, customers and brands protected over the past 12 months, validating its platform of Revolutionary, open and extensible API security based on AI. With more than 2 billion API transactions analyzed every day, Cequence Security helps organizations prevent fraud and data loss caused by automated attacks and business logic abuse executed against public APIs.

“We protect end users when they pay their bills, get much-needed loans, manage their money, make purchases and track deliveries, decorate their homes, seek love, dine with family and friends and relax with music, ”said Larry Link, CEO of Cequence Security. “While we have been shedding light on API security risks for years, their role in the development process has exploded, prompting organizations to invest in tools to strengthen their API security posture to offer even more protections. more solid to their customers. ”

API security incidents involving Peloton, Clubhouse, Experian, and John Deere have proven that collaboration between security and development teams is more important than ever. APIs have become the fabric of most organizations ‘digital footprints, making them an even larger percentage of organizations’ attack surface. As a result, the visibility on these risks quickly exceeds an IT problem to become a level C concern.

In helping its clients deal with these growing threats, Cequence Security has taken the following steps:

  • Significant customer growth: Increase in the number of protected brands by 425% while almost tripling the overall turnover.
  • Expanded global footprint and industrial reach: Expansion of coverage in 15 new countries and addition of customers in several verticals, including:
    • Telecommunications: Protect accounts for longer 100 million customers in this space.
    • Retail: Secure digital transactions for more than 800 retailers which serve more than 70 percent of the adult American population.
    • Financial services: Securing APIs for 85% digital banking service providers that serve over 30 million users.
    • Online Dating: Expanded customer base, now protecting over 70 million users.
  • Team reinforced with new recruits around the world: To meet growing customer demand, Cequence Security has grown its team by 33% and established new sales operations in UK, Germany, France and the Netherlands.
  • Product innovation that extends a revolutionary prevention approach: Launch of API Sentinel and obtaining 4 new patents that reinforce Cequence Security’s unique approach to web and API protection.
  • Strategic investments: Share the mission of protecting customers and their applications against security and privacy threats T-Mobile Ventures has invested in the business, along with existing investors Dell Technologies Capital and Shasta Ventures.

To learn more about Cequence Security’s capabilities or to schedule a demo, visit: https://www.cequence.ai/

About footage security

Cequence Security is a cybersecurity software company founded in 2015 and headquartered in Sunnyvale, California. Its mission is to transform application security by consolidating several innovative security functions into an open, AI-powered software platform that protects customers’ web, mobile and API applications – and supports customer architectures. cloud native and container-based applications of today. Learn more about www.cequence.ai.

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