Equixly
Equixely puts a virtual hacker into the application development lifecycle (CI/CD) to spot business logic security flaws.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | €1.5m | Seed | |
| Total Funding | 000k | ||
| EUR | 2023 | 2024 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 425 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | (76 %) | (34 %) |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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Based in Florence, Italy, Equixly is a cybersecurity firm providing a specialized Software-as-a-Service (SaaS) platform focused on Application Programming Interface (API) security testing. The company was founded in 2022 by cybersecurity professionals Mattia Dalla Piazza (CEO) and Alessio Dalla Piazza (CTO). The founders leveraged their combined 15 years of experience in managing enterprise-level penetration tests, including projects for government and law enforcement, to address a critical gap in the market. Their background includes identifying zero-day vulnerabilities in major software products and extensive work in automated offensive security.
Equixly's core offering is an AI-powered platform designed to automate and enhance API security for developers and organizations. The business operates on a SaaS subscription model, providing clients with continuous and scalable security testing that integrates directly into the software development lifecycle (SDLC). This "shift left" approach enables the early detection of security flaws, reducing the costs associated with bug fixing after deployment. The company primarily serves software developers, penetration testing companies, and corporate security teams, helping them to secure applications by design.
The platform utilizes proprietary machine learning algorithms trained on thousands of real-world security tests to simulate sophisticated API attacks. It automatically maps a client's API landscape, identifies technical and business logic vulnerabilities based on risks like the OWASP Top 10 for APIs, and provides near-instantaneous results with actionable remediation plans. This allows developers to address issues autonomously. A key differentiator is its ability to use natural language processing to identify complex business logic vulnerabilities that traditional tools often miss. The company secured €1.5 million (approximately $1.6M) in a seed funding round on November 8, 2023, led by 360 Capital with participation from Nana Bianca and angel investor Stephen De Vries.
Keywords: API security, cybersecurity, penetration testing, SaaS, DevSecOps, application security, machine learning, automated security testing, vulnerability management, SDLC integration, business logic vulnerabilities, shift left security, API attack simulation, continuous testing, security posture management, AI in cybersecurity, network management software, proactive security, Florence, Italy