API security firm Corsha bags $12m

Corsha, a company focused on API security, has scored $12m in a Series A investment round.

The round was led by Ten Eleven Ventures and Razor’s Edge Ventures and also saw participation from 1843 Capital.

According to Corsha, its API Security Platform ‘solves the growing security concerns facing enterprises as attacks on APIs increase’. The company added that its platform empowers CTOs, CISOs and other security professionals to protect their data and applications as they traverse hybrid and multi-cloud environments.

Corsha has created what it claims is the first and only dynamic, fully automated multi-factor authentication for APIs. The firm protects APIs using the same MFA principles that have successfully protected systems from human username/password cyberattacks.

The company’s platform cryptographically defines the network so that only authorized machines can connect to applications and data, resulting in a dynamic identity for every deployed machine.

Security professionals have full visibility into and complete control of all API activity across cloud and enterprise networks through its central management console.

With the new funding, Corsha aims to grow its team and expand its go-to-market capabilities, increase its partnerships with other firms and bring new technologies on board. Its global expansion will be based on developing relationships with partner organisations, a process that is already under way in Europe.

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