Wallarm, a San Francisco-based company specializing in API and AI security, has secured $55 million in a Series C funding round led by Toba Capital. This latest investment brings Wallarm's total funding to approximately $66 million, following an $8 million Series A in 2018. The company plans to use the funds to further develop its platform and expand its reach in protecting API-powered business revenue. Wallarm's focus is on providing comprehensive security solutions for the growing threat landscape surrounding APIs and AI.