Company proves its presence in the web application protection space; addresses the growing need for effective solutions
Denver, CO — September 23, 2021 — ThreatX, the leader in Web Application and API Protection (WAAP), today announced it has been recognized as a Visionary in the Gartner 2021 Magic Quadrant for Web Application and API Protection1 for its completeness of vision and ability to execute.
“We are thrilled to be recognized as a Visionary in the Gartner Magic Quadrant for WAAP,” said Gene Fay, CEO of ThreatX. “2021 sees ThreatX more than doubling in all the ways that count: employees, customers, and revenue. We are taking full advantage of this launching pad and believe that with continued awareness of the WAAP space, ineffective solutions such as legacy Web Application Firewalls (WAFs) will continue their path toward extinction.”
ThreatX has always been laser focused on web application and API security, offering organizations an attacker-centric approach to protect critical infrastructure and ensure that businesses continue to run. Web applications and APIs are the primary targets of attacks today. The ThreatX platform shields global enterprise clients from a wide variety of threats, including traditional exploits, API-specific risks, bots, and DDoS attacks.
ThreatX’s risk-based methodology is unique in the industry. The company’s single risk engine employs multiple detection techniques to build a dynamic profile of threat actors as they move through the cyber kill chain and delivers singular, high-confidence verdicts that protect organizations from threats. ThreatX backs up its innovative technology with 24×7 access to application security experts, ensuring that web applications and APIs are protected from malicious actors and that customers are optimizing the platform’s efficacy.
Before its inclusion in the Gartner 2021 Magic Quadrant for Web Application API Protection, ThreatX announced a successful $10 million funding round in June dedicated to accelerating business and strengthening its position in the market.
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1 Gartner, Magic Quadrant for Web Application and API Protection, 20 September 2021, Jeremy D’Hoinne et. al. GARTNER and Magic Quadrant are registered trademarks and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.