McLean’s FireTail Inc., which is developing software meant to secure the communication between multiple devices and systems, has raised $5 million in an early-stage seed round.
The round was led by D.C.'s Paladin Capital Group, with participation from San Jose, California-based cloud security SaaS company Zscaler, New York investment firm General Advance, San Francisco investment firm Secure Octane, and cybersecurity executive angel investors including Ely Kahn of SentinelOne and Mark Arena of Intel 471.
FireTail specializes in the security of APIs, or Application Programming Interfaces. APIs, which allow multiple systems to communicate with each other, are key to modern applications and the Internet of Things. It will use the funding to expand the development of the software to multiple coding languages and cloud platforms. The company plans to wrap up early development of the API security software next year.
FireTail was founded in 2021 by Chief Technology Officer Riley Priddle and CEO Jeremy Snyder with the goal of creating a software that acts as end-to-end security and prevents API-based data breaches like authentication attacks. The company, which maintains an office in Dublin, Ireland, is taking a collaborative approach to developing the software and is working with customers through a cohort-style development cycle.
“Fundamentally, the root causes of API data breaches are application logic problems,” Snyder said in a statement. “Our library makes it easy to execute inline, preventative checks against the main attack vectors."
