Equixly, an Italian cybersecurity startup, has successfully raised €10 million in Series A funding to scale its platform, which addresses the rapidly growing vulnerability of Application Programming Interfaces (APIs). This is a major investment in a cybersecurity company focused on an advanced defense strategy.
The startup utilizes autonomous AI agents (or “AI hackers”) that are designed to mimic the sophisticated reasoning and behavior of skilled human penetration testers.
As APIs are the digital backbone of most modern software and microservices, connecting everything from mobile apps to enterprise platforms, they have become a primary target for cybercriminals, especially through attacks that exploit flaws in business logic (the way the application is supposed to work), which traditional security tools often miss.
The Equixly platform conducts ongoing analysis of an organization’s API environment. It detects security issues such as business logic flaws and undocumented or previously unknown API endpoints (“shadow APIs”).
The Equixly platform is designed to perform continuous analysis of an organization’s API environment. According to the company, the system can detect security issues such as complex business logic flaws and previously unknown API endpoints, often described as “shadow APIs.” Early identification of these issues may enable teams to address potential vulnerabilities more efficiently and contribute to maintaining a stronger security posture.
