Press Release

Cequence Earns Prestigious Recognition as One of the Hottest Privately Held Cybersecurity Companies by Citizens JMP

Company distinguished for its cutting-edge contributions to API Security

SUNNYVALE, Calif. — March 13, 2024 — Cequence, a pioneer in API security and bot management, has been recognized as one of the hottest privately held cybersecurity companies by Citizens JMP, a prominent investment firm specializing in technology sectors.

In its annual report, Citizens JMP highlighted Cequence’s innovative approach to API protection, an increasingly critical area in cybersecurity. With the escalating use of API calls across industries, Cequence’s Unified API Protection platform provides comprehensive defense against a myriad of internal and external API-related risks. From proactive discovery to real-time threat mitigation, Cequence equips organizations with the tools needed to safeguard their digital assets effectively.

“Cequence’s innovative approach to API protection and its rapid growth in a critical market make it a standout among its peers,” said Trevor Walsh, cybersecurity research analyst at Citizens JMP. “We are eager to see Cequence’s continued success and impact in the industry. The company’s comprehensive Unified API Protection Solution addresses critical security challenges faced by organizations today, and its inclusion in our Cyber 66 report reflects its exceptional performance and leadership in the cybersecurity landscape.”

Varun Kohli, chief marketing officer at Cequence, said, “We are proud to be acknowledged by Citizens JMP as one of the hottest cybersecurity companies. This accolade underlines our unwavering dedication to delivering cutting-edge solutions that address the dynamic challenges posed by today’s cybersecurity threats. At Cequence, we remain committed to empowering organizations with the highest level of protection for their API infrastructure. We recognize APIs as not just the foundation of current revenue streams, but also the central point for future advancements. With the integration of technologies like AI and LLMs, APIs stand poised to drive transformative innovations, making our dedication to their security more vital.”

The Citizens JMP Cyber 66 list is compiled through an annual evaluation process conducted by Citizens JMP’s equity research team covering the cybersecurity sector. The selection criteria include factors such as innovation, market potential, customer adoption and growth trajectory. Each company is thoroughly assessed based on its unique contributions to the cybersecurity landscape, with a focus on identifying the most promising and impactful players in the industry.

Cequence’s inclusion in the Cyber 66 list reflects its exceptional performance and leadership in the cybersecurity market, as well as its dedication to delivering value-driven solutions that address the evolving needs of organizations worldwide.

Cequence’s Unified API Protection platform offers a comprehensive suite of products, including API Spyder for proactive API discovery, API Sentinel for security posture management and API Spartan for preventing targeted attacks and fraud. Designed for rapid and flexible deployment, the platform can be implemented on-premises, in the cloud, or as a SaaS solution in as little as 15 minutes.

To learn more about Cequence’s Unified API Protection platform, please visit

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $222.0 billion in assets as of December 31, 2023. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a full-service customer contact center and the convenience of approximately 3,300 ATMs and approximately 1,100 branches in 14 states and the District of Columbia. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at or visit us on Twitter, LinkedIn or Facebook.

About Cequence Security

Cequence, a pioneer in API security and bot management, is the only solution that delivers Unified API Protection (UAP), uniting discovery, compliance, and protection across all internal and external APIs to defend against attacks, targeted abuse, and fraud. Requiring less than 15 minutes to onboard an API without requiring any app instrumentation, SDK, or JavaScript integration, the flexible deployment model supports SaaS, on-premises, and hybrid installations. Cequence solutions scale to handle the most demanding Fortune and Global 2000 organizations, securing more than 8 billion daily API calls and protecting more than 3 billion user accounts. To learn more, visit

Media Contact

Katrina Porter
Corporate Communications