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Cequence Security: Pioneers API security and bot management for enterprises with an AI-powered Unified API Protection platform.
Based in Santa Clara, California, Cequence Security develops an AI-powered API security and bot management platform that protects enterprise web and mobile applications from cyberattacks and fraud. The venture-backed software company secures more than 10 billion daily API transactions and safeguards over $10 trillion in corporate assets across its global network. Its unified protection system currently defends approximately 4 billion user accounts across multiple industry verticals without requiring direct application modifications. The firm provides essential cybersecurity infrastructure to Fortune 500 and Global 500 enterprises, including major corporate customers such as Saudi Aramco and JD Sports. The business has expanded its international operations with an EMEA headquarters in Munich, Germany, and received industry recognition from organizations like Deloitte and GigaOm. Cequence Security was originally founded in 2014 by Ameya Talwalkar, Shreyans Mehta, and Michael Barrett.
Cequence Security has raised $92.0M across 4 funding rounds.
Cequence Security has raised $92.0M in total across 4 funding rounds.
Cequence Security is a cybersecurity software company that builds the Unified API Protection platform, an AI-powered solution consolidating discovery, compliance, and protection for web, mobile, and API-based applications.[1][2][3][4] It serves Fortune 500 organizations in sectors like telecom, banking, and retail, protecting over 10 billion daily API interactions and 4 billion user accounts from fraud, bot attacks, business logic abuse, data leaks, and AI-enabled threats.[3][4][6] The platform solves critical problems in hyper-connected enterprises by offering real-time behavioral fingerprinting, no-instrumentation deployment (onboard in minutes), and flexible models (SaaS, on-prem, hybrid), demonstrating rapid value and scaling for large enterprises without relying on WAFs or app modifications.[1][3][6] With strong growth momentum, including 24% Fortune 500 customers and venture backing, Cequence has pioneered API security and bot management since its early days.[2][3][6]
Founded in 2014 (with some sources noting 2015) in Sunnyvale/Santa Clara, California, Cequence Security was established by industry veterans to address emerging threats in API-driven, cloud-native applications.[2][3][5] The idea emerged from recognizing gaps in traditional security tools like WAFs, which struggled with sophisticated bot attacks, vulnerability exploits, and the shift to container-based architectures.[3][5][7] Early traction came from pioneering API security and bot management, quickly earning accolades and adoption by F500 clients across verticals, as its open, ML-powered platform transformed fragmented security into a unified solution.[2][3] Pivotal moments include scaling to protect billions of API calls daily and integrating with platforms like MuleSoft, solidifying its role in enterprise API governance.[1][6]
Cequence rides the explosive growth of APIs and agentic AI, where hyper-connected apps fetch, translate, and deliver data seamlessly but expose enterprises to bot attacks, fraud, revenue loss, and infrastructure strain.[4] Timing is critical amid rising AI-enabled threats, shadow APIs, and regulations like PCI DSS, as traditional tools fail against sophisticated, automated exploits.[1][3][7] Market forces favoring Cequence include the shift to cloud-native architectures, demand for consolidated security (replacing disparate WAFs/bots tools), and AI's dual role as enabler and attack vector—its platform safely extends AI access while defending against scraping.[3][4][5] By influencing the ecosystem through integrations (e.g., MuleSoft), rapid onboarding, and real-world wins like fraud prevention for retailers, Cequence enables secure innovation, helping orgs "leap into the AI age" without blocking legitimate traffic.[1][4][7]
Cequence is poised for accelerated growth as API proliferation and AI adoption intensify, potentially expanding into broader GenAI safeguards and global enterprise dominance with its venture-backed scale.[3][4] Trends like rising organized crime, zero-trust mandates, and agentic AI will shape its path, amplifying demand for its precision defense amid fragmented competitors.[3][7] Its influence may evolve by setting standards in unified protection, fostering partnerships, and capturing more F500 market share—positioning it as the go-to for securing what connects modern enterprises, building on its pioneering momentum to protect tomorrow's AI-fueled applications.[2][6]
Cequence Security has raised $92.0M in total across 4 funding rounds.
Cequence Security's investors include Venky Ganesan, PE MBA, AME Cloud Ventures, Dispersion Capital, Hardware Club, Heavybit, Menlo Ventures, Polaris Partners, Storm Ventures, Ten Eleven Ventures, Touchdown Ventures, XStarPartners, Dean Drako.
Cequence Security has raised $92.0M across 4 funding rounds. Most recently, it raised $60.0M Series C in December 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2021 | $60.0M Series C | Venky Ganesan, PE MBA | AME Cloud Ventures, Dispersion Capital, Hardware Club, Heavybit, Menlo Ventures, Polaris Partners, Storm Ventures, Ten Eleven Ventures, Touchdown Ventures, XStarPartners, Dean Drako, Somik Behera, Dell Technologies Capital, HarbourVest Partners, Icon Ventures, Shasta Ventures, Telstra Ventures, T-Mobile Ventures |
| Feb 27, 2019 | $17.0M Series B | Deepak Jeevankumar | Nitin Chopra |
| Feb 14, 2018 | $8.0M Stealth Security - Series A | Nitin Chopra | |
| Sep 1, 2016 | $7.0M Seed | Ballistic Ventures, Byers Capital, Glencrest Group, HOF Capital, Ignition Partners, SNR, TechSquare Labs, Tola Capital, Mike Gordon |