There is today a major cybersecurity issue: securing APIs before production and along the development process, 91% of these programming interfaces used for web applications are vulnerable to hackers. This situation arises because APIs are constantly updated by developers in the cloud, and security teams cannot keep pace with their assessments, often missing flaws that leak users’ data, sometimes even before full publication.
Eyeing this situation, French API security startup Escape developed a solution that addresses this widely spread security issue, allowing defensive security teams to continuously evaluate and remediate code security breaches at any stage of the development process.
Escape, freshly out of Y Combinator’s 2023 cohort, just announced a €3.6 million Seed funding led by IRIS alongside Frst and existing investors, Irregular Expressions, Tiny Supercomputers and Kima Ventures, as well as leading angel investors such as Philippe Langlois, Mehdi Medjaoui and Roxanne Varza.
The funding round will allow the company co-founded by Tristan Kalos and Antoine Carossio to double the team’s size, hiring international sales specialists and engineers to accelerate its product adoption across the world and develop new security features.
Founded in 2020 by Tristan Kalos and Antoine Carossio, Escape’s AI technology gives security teams full observability of the cloud applications exposed by their organizations and allows them to easily detect business logic flaws or potential data leaks during the development phase (DevSecOps). In only six months from launch, the company secured the applications of more than 1000 organizations globally, with customers like Shine (Société Générale), Sorare, and Neo4J.
“Escape was able to find and help us fix security flaws that human security auditors have not seen. By doing so as early as during the development process, Escape allows us to always stay secure and ahead of hackers,” confirms Adrien Montfort, CTO of Sorare.
The start-up first addressed modern technologies like GraphQL and OpenAPI and will expand its support to others in the coming months. Earlier this year, Escape also released SecureGPT, a unique lightning-fast, and free security tool designed specifically for ChatGPT APIs.
Tristan Kalos, co-founder and CEO of Escape mentions: “As a developer myself, I saw how hard it was to secure web applications at any stage. With Escape, we provide engineering teams with the right tooling to create secure applications and protect their user’s data. This new funding round led by top-notch investors will allow us to accelerate our international expansion and continue investing in R&D to widen the technological advance with our competition.”
“We are tech admirers, especially when it helps solve security issues that put many infrastructures at risk. Escape is a young start-up that targets a very common security breach without excluding any type of developers and their product already has a global scale that will allow them to help build a much safer web,” adds Julien-David Nitlech, Managing Partner at IRIS.
Read the orginal article: https://www.eu-startups.com/2023/06/fresh-out-of-y-combinator-paris-based-escape-raises-e3-6-million-in-seed-to-secure-apis-at-every-development-stage/
