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Quick Heal Technologies makes USD 2 million strategic investment in Israel based L7 Defense

Quick Heal Technologies makes USD 2 million strategic investment in Israel based L7 Defense Posted On: 2021-01-13 20:48:11 (Time Zone: Arizona, USA) Quick Heal Technologies Limited, one of the leading providers of IT Security and Data Protection solutions for consumers, businesses, and government, has signed a definitive agreement to invest USD 2 million in L7 Defense. L7 is an Israel based cybersecurity start-up specializing in Application Program Interface (API) Security and Next Generation Web Application Firewall (NG-WAF). Quick Heal Technologies had invested USD 300k in L7 Defense in the previous financial year. According to Gartner, by 2021, 90% of web enabled applications will be exposed to attacks due to API weaknesses, up from 40% of the apps in 2019. Hence, API Security has become one of the top cybersecurity concern for enterprises. L7 Defense s proprietary AI powered Ammune™ technology provides protection against a range of attacks targeting APIs like distribu

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