San Francisco, California-based Wallarm on Thursday announced raising $50 million in a Series C funding round that brings the total raised by the API security company to more than $70 million.
The investment was led by Toba Capital and it will help Wallarm enhance and extend its products.
Wallarm has developed what it describes as a unified platform for API and agentic AI security, designed to help organizations stop attacks.
Customers can use the platform to protect their APIs and AI agents through capabilities such as real-time blocking and abuse detection.
Wallarm recently unveiled a penetration testing service for agentic AI to aid organizations in assessing and securing AI-driven systems.
“At Wallarm, our mission has always been clear: deliver powerful, proven API protection that actually stops real-world threats,” said Ivan Novikov, CEO and co-founder of Wallarm. “This latest round of investment marks a pivotal moment—not just for our company, but for the security industry at large.”
“We’re doubling down on innovation to equip security teams with the intelligence and automation they need to stay ahead of increasingly sophisticated and targeted API attacks. Our goal is to give security teams precision tooling that integrates natively with modern stacks, and stops threats before they become incidents,” Novikov added.
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