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JERSEY CITY N.J., April 26, 2021 /PRNewswire/ L7 Defense LTD., a pioneering developer of AI-based cybersecurity solutions, announced today that its Ammune™ APIs protection platform has been successfully deployed at a Tier-1 US telco to actively protect its APIs and Applications.
As the main communication means between systems, users, and applications today, APIs are major drivers of the digital transformation and are the facilitating engine behind the accelerating agility, flexibility, and interconnection evolution required to sustain it. This also makes APIs attractive and vulnerable targets for cyberattacks. Ammune s unique, unsupervised learning technology identifies and eliminates cyber attacks aimed at APIs in real-time, preventing its abuse and threats that can have a severe operational impact, as well as data and revenue loss, which are followed by significant reputation damages.
Quick Heal invests $2 m into Israeli startup
January 14, 2021
Kailash Katkar, Managing Director and Chief Executive Officer, Quick Heal Technologies×
L7 Defense focuses on API security Quick Heal Technologies, an IT security and data protection solutions provider, has announced an investment of $2 million in L7 Defense, an Israel-based cybersecurity startup.
The startup specialises in Application Programme Interface (API) security and next-generation web application firewall (NG-WAF). Quick Heal had already invested $3,00,000 in the startup last year.
Quoting a Gartner report, Quick Heal said about 90 per cent of web-enabled applications would be exposed to cyber-attacks due to the chinks in API weaknesses in 2021.
API Security Pioneer L7 Defense raises $4m in Series A Funding from TRUMPF Venture and Quick Heal Technologies
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JERSEY CITY, N.J., Jan. 14, 2021 /PRNewswire/ L7 Defense, a leading cyber security technology pioneer and the provider of the award-winning Ammune™ enterprise-grade API (application programming interface) security solution, announced today that it has successfully completed a financing round of $4m, led by Germany-based TRUMPF Venture with participation from India-based Quick Heal technologies. The funds will be used to solidify its technological leadership, boost its marketing and business development activities, and extend its market reach.
Quick Heal to invest $2 million in Israeli cybersecurity firm
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Indian cybersecurity firm Quick Heal Technologies Ltd on Thursday said that it will invest $2 million (approximately ₹14 crores) in L7 Defense, an Israel based cybersecurity start-up that specialises in Application Program Interface (API) Security and Next Generation Web Application Firewall (NG-WAF).
Quick Heal had earlier invested $300,000 in L7 Defense during the previous financial year. Following the announcement Quick Heal s share prices went up by up to 7% to reach ₹179.65.
API Security has emerged as one of the key cybersecurity concern for enterprises and is expected to be one of the most common attack vectors in 2022.