About Akto
Akto is a company based in San Francisco (United States) founded in 2022 by Ankush Jain and Ankita Gupta.. Akto has raised $4.5 million across 1 funding round from investors including Accel, Renaud Deraison and Milin Desai. The company has 1 employees as of April 06, 2024. Akto offers products and services including API Discovery, API Security Testing, and Sensitive Data Detection. Akto operates in a competitive market with competitors including F5 Networks, Silo.AI, Noname Security, Salt Security and Cequence, among others.
- Headquarter San Francisco, United States
- Employees 1 as on 06 Apr, 2024
- Founders Ankush Jain, Ankita Gupta
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Akto Io Private Limited
- Date of Incorporation 04 Jul, 2022
- Jurisdiction Koramangala, Karnataka, India
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Annual Revenue
$298.98 K (USD)0as on Mar 31, 2023
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Net Profit
$32.9 K (USD)0as on Mar 31, 2023
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EBITDA
$46.75 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$4.5 M (USD)
in 1 rounds
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Latest Funding Round
$4.5 M (USD), Seed
Nov 03, 2022
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Investors
Accel
& 3 more
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Employee Count
1
as on Apr 06, 2024
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Products & Services of Akto
Akto offers a comprehensive portfolio of products and services, including API Discovery, API Security Testing, and Sensitive Data Detection. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Discovers APIs to identify risks and sensitive data
Tests APIs for common security vulnerabilities
Identifies exposed sensitive data in APIs
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Software Development Team
4 people
Leadership Team
3 people
Co Team
1 people
Product Management Team
1 people
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Funding Insights of Akto
Akto has successfully raised a total of $4.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $4.5 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $4.5M
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First Round
First Round
(03 Nov 2022)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Seed - Akto | Valuation | Accel |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Akto
Akto has secured backing from 4 investors, including venture fund and angel investors. Prominent investors backing the company include Accel, Renaud Deraison and Milin Desai. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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RD
Renaud Deraison |
Co-founder of Tenable, cybersecurity expert, and active angel investor in tech startups.
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Founded Year | Domain | Location |
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MD
Milin Desai |
Angel investor, tech leader, ex-VMware executive, focused on SaaS and AI startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Akto
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Akto
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Akto Comparisons
Competitors of Akto
Akto operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as F5 Networks, Silo.AI, Noname Security, Salt Security and Cequence, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based ADC networking solutions are provided for application delivery.
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| domain | founded_year | HQ Location |
Provider of customized AI-powered solutions
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| domain | founded_year | HQ Location |
API security platform for busniesses
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| domain | founded_year | HQ Location |
API security is provided through AI-driven detection and protection.
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| domain | founded_year | HQ Location |
API security solutions are delivered via a cloud-based platform.
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| domain | founded_year | HQ Location |
Platform offering API security software
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Akto
Frequently Asked Questions about Akto
When was Akto founded?
Akto was founded in 2022.
Where is Akto located?
Akto is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Akto?
Ankita Gupta is the current CEO of Akto. They have also founded this company.
Is Akto a funded company?
Akto is a funded company, having raised a total of $4.5M across 1 funding round to date. The company's 1st funding round was a Seed of $4.5M, raised on Nov 03, 2022.
How many employees does Akto have?
As of Apr 06, 2024, the latest employee count at Akto is 1.
What is the annual revenue of Akto?
Annual revenue of Akto is $298.98K as on Mar 31, 2023.
What does Akto do?
Akto was founded in 2022 in San Francisco, United States, focusing on the cybersecurity sector. API security is facilitated by the platform, which supports API testing and discovery of endpoints with PII data leakage. Business logic vulnerabilities are identified within the software development lifecycle, while malicious runtime activities are detected. End-to-end visibility is offered, along with tools for issue resolution and threat monitoring in production environments.
Who are the top competitors of Akto?
Akto's top competitors include Salt Security, Cequence and F5 Networks.
What products or services does Akto offer?
Akto offers API Discovery, API Security Testing, and Sensitive Data Detection.
Who are Akto's investors?
Akto has 4 investors. Key investors include Accel, Renaud Deraison, Milin Desai, and Akshay Kothari.
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