Equixly raises €10M to tackle the API security crisis with agentic AI hackers

Equixly, an Italian cybersecurity startup, secured €10 million in Series A funding to scale its AI-powered API security platform, aiming to address the escalating API security crisis. This investment, led by 33N Ventures, underscores the growing need for advanced security solutions in the face of increasing digital complexity. The company's innovative approach highlights the European tech sector's focus on developing autonomous security technologies. Equixly's platform, founded in 2022 by Mattia and Alessio Dalla Piazza, utilizes AI agents to continuously detect vulnerabilities across the software development lifecycle. The platform integrates into existing systems and CI/CD pipelines, identifying up to 80% more vulnerabilities than standard DAST tools during development. The system also reveals hidden endpoints, which helps to minimize false positives, a critical feature for efficient security operations. This technology directly impacts software developers and security teams across various sectors, including banking, energy, and retail. By automating complex API security testing and identifying complex business-logic issues, Equixly enables earlier remediation and reduces costs. The company's expansion, including a UK presence, indicates its ambitions to serve a wider international market, especially in the context of increasing API usage. With upcoming regulatory changes and the rapid expansion of APIs, autonomous security solutions like Equixly are becoming increasingly important. The company's focus on in-house AI models provides maximum control over data and preserves privacy, making it a competitive player in the evolving European cybersecurity landscape.