Funding round pulls in $12 for API security firm Corsha

SecurityWeek reports that API security company Corsha has landed $12 million from a Series A funding round, which will be allocated toward expanding its workforce and go-to-market capabilities. "It will also partly be used to develop an API security assessment tool that will be freely available for companies to gain a snapshot view of their current API security posture," said Corsha co-founder and Chief Technology Officer Anusha Iyer, who added that the offering will enable the collection of large volumes of data involving day-to-day communications between machines. Corsha has also touted its distributed ledger system, which enables the generation of unique multi-factor authentication tokens for each new machine-to-machine communication. Workload spoofing could also be prevented by the system, according to Corsha co-founder and CEO Chris Simkins. "We’ll catch those, and just turn them off even without having to touch the rogue 'device'. The greater we automate our application development and deployment processes, the more the risk shifts from human to machine. It’s more important than ever to have clear visibility into the machines that are accessing APIs and be able to seamlessly control access," Simkins said.