Pynt, a leading API security platform provider, has introduced its autopilot platform for API security. Alongside this innovation, the company secured $6 million in Seed funding, led by Joule Ventures, with participation from Dallas VC and Honeystone Ventures.
The API Security Boom
In today’s digital landscape, APIs (Application Programming Interfaces) play a pivotal role, accounting for a staggering 83% of internet traffic. These software interfaces facilitate seamless integration and drive business success. However, their widespread use has introduced a host of vulnerabilities, making API security more crucial than ever.
Unseen Risks
Surprisingly, over half of all APIs operate hidden from the watchful eyes of security teams. Developers, faced with relentless pressure to deliver software quickly in a rapidly evolving environment, often prioritize other tasks over API testing. Furthermore, the shortage of cybersecurity talent, with an anticipated 3.5 million unfilled positions by 2025, compounds the problem. This situation leaves critical business logic susceptible to exploitation.
Pynt’s Solution
Pynt bridges the gap between developers and security experts by providing a comprehensive API security platform. This innovative solution adopts the role of a hacker, leveraging human logic to simulate attacks and rectify vulnerabilities before they become threats. By seamlessly integrating with popular API development tools and CI/CD pipelines, Pynt offers a fully automated API security solution trusted by thousands of developers and security professionals worldwide.
Tzvika Shneider, Co-Founder & CEO of Pynt, emphasizes the importance of shared responsibility in API security. Just as securing a castle requires both well-crafted doors and diligent guards, securing APIs demands collaboration between developers and security experts. Pynt elegantly shifts the responsibility leftward, improving productivity and enhancing security.
An Experienced Team
Pynt’s founding team comprises veterans in both cybersecurity and software development, with years of experience responding to large-scale incidents. This is the same team that developed the world’s first automotive app security solution for developers at Harman (Samsung).
In summary, Pynt’s autopilot platform for API security addresses the growing challenges of API vulnerabilities in an environment where security is paramount. Their innovative approach bridges the gap between developers and security experts, offering an automated solution trusted by thousands worldwide.
TL;DR:
Pynt, an API security platform, has launched its autopilot platform for API security and secured $6 million in funding. APIs are crucial but vulnerable, with over half remaining hidden from security teams. Pynt’s solution integrates with development tools and automates security testing. The company emphasizes shared responsibility between developers and security experts, and its experienced team brings valuable expertise to the table.
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