Wallarm Raises $55 Million in Series C

Wallarm Raises $55 Million in Series C

Wallarm, a San Francisco, CA-based company that specializes in API and AI security, has raised $55 million in Series C funding.

The round was led by Toba Capital, with participation from both existing and new investors.

Toba Capital, an early-stage venture capital firm founded in 2012 with offices in Los Angeles and Newport Beach, CA, manages approximately $1.3 billion in assets. The firm focuses on investments in SaaS, IT infrastructure, and climate technology, typically at the seed and Series A stages.

The company will use the funds to expand product innovation, accelerate growth, and strengthen its platform’s capabilities in API and AI security.

Wallarm is a cybersecurity company specializing in API and application security. Its platform combines automated API discovery, threat detection, real-time attack protection, and security testing to defend against modern threats such as API abuse, OWASP Top 10 attacks, bot traffic, and zero-day vulnerabilities. Headquartered in San Francisco, California, Wallarm’s mission is to deliver powerful, proven API protection that effectively stops real-world threats.

Funding Details

Company: Wallarm

Raised: $55.0M

Round: Series C

Funding Date: July 2025

Lead Investor: Toba Capital

Additional Investors:

Company Website: https://www.wallarm.com/

Software Category: API & AI Security