Pangea raises $25M to provide API-based security services to app makers
Pangea Cyber Corporation has emerged from stealth to announce $25 million in Series A funding to provide app makers with a comprehensive portfolio of API-based security services through a single platform.
Series A is led by Ballistic Ventures with participation from SYN Ventures, Godfrey Sullivan (former President and CEO, Splunk), George Kurtz (Founder and CEO, CrowdStrike), and Dan Plastina (former VP AWS Security Products). Pangea plans to use the funding primarily for product development.
Before Pangea, a builder who needed to add security and compliance features to an application had to write security code from scratch. Builders can now access a single, trusted source to quickly and easily integrate the security services and APIs they need into their application. Similar in concept to Amazon Web Services, but with a focus on cybersecurity, Pangea will release several dozen API-based microservices.
In addition to offering its own services, including Secure Audit Log, Secure Object Store, Secure File Share, and Embargo Check, the company plans to aggregate and offer third-party APIs through partnerships. Pangea’s Secure Audit Log, Redact, and Embargo Check services are available now through the company’s early access program.
Pangea is led by co-founders Oliver Friedrichs and Sourabh Satish, the minds and engines of the award-winning Phantom Cyber SOAR platform which was acquired by Splunk in 2018. This new venture is focused on securing the one of the greatest areas of growth and concern. in the field of cybersecurity: cloud applications. Although widespread and growing in popularity, cloud-based applications have become increasingly complex to secure, and vendors lack the expertise and resources to deliver secure customer experiences.
“The meteoric rise of the cloud has created tremendous opportunities for businesses around the world and yet the security industry has focused on building products for the enterprise end user, not the app creator. APIs are often forgotten as an afterthought,” said Friedrichs, Founder and CEO of Pangea. “We are seizing the opportunity to give manufacturers the capabilities they need to deliver a compliant and secure customer experience, easier and faster.”
Pangea is a company focused on removing the complexity of application security and simplifying the developer’s journey to strengthen security and compliance in its applications. Pangea serves organizations that want to go to market with secure and compliant cloud and mobile apps, as well as SOCs that want to automate more efficiently through APIs.
“Today, every company creates software in one form or another and yet it is not possible to expect every software company to be a security expert. This is a huge problem that needs to be solved and a huge opportunity,” said Barmak Meftah, co-founder and general partner of Ballistic Ventures. “Pangea takes a smart approach using compelling technology with a fantastic team. We are thrilled to partner with Oliver, Sourabh and the team at Pangea to reshape the way the world thinks about integrating security into their applications. »