Akto, a cybersecurity provider, announced a $4.5 million seed funding round led by Accel India on Thursday.
Angel investors in the round included Akshay Kothari, co-founder and Chief Operating Officer of Notion, Renaud Deraison, co-founder of Tenable, and Milin Desai, CEO of Sentry.
Akto, founded in January 2022 by Ankita Gupta and Ankush Jain, offers a plug-and-play API (Application Programming Interface) security platform that assists security teams and developers in securing their APIs in the development pipeline. APIs are software interfaces that allow two applications to communicate with one another.
Palo Alto, California is the company’s headquarters. The company has an office in Bengaluru, India, with eight employees.
The company claims that its plug-and-play platform can be set up in under a minute. During the development cycle, the company assists in securing APIs that carry sensitive data. According to the company, it is currently securing thousands of APIs from some of the world’s largest fintech and SaaS companies.
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