Neosec
API Security Platform
Company Overview
Snapshot
Founded in June 2020 by Giora Engel and Ziv Sivan, Neosec operated with 11–50 employees. The company secured $20.7 million across two funding rounds from nine investors, with True Ventures leading one of the rounds. Neosec was acquired by Akamai Technologies in April 2023.
Business overview
Neosec provides a powerful SaaS security platform designed to identify threats within data by offering security professionals visibility into behavior across their entire API estate. The platform discovers all APIs, analyzes their behavior, and stops threats, making it suitable for organizations that expose APIs to partners, suppliers, and users. Neosec examines the entire API dataset, including historical data, to accurately locate threats that might otherwise be missed. The company operates within the Cyber Security sector, focusing on application and website security, leveraging platforms, interfaces, software, and artificial intelligence to serve enterprise customers.
Strategic signal
In April 2023, Neosec was acquired by Akamai Technologies, marking a significant exit for the API security startup. This acquisition signals a consolidation trend in the cybersecurity market, with larger players like Akamai strengthening their offerings in API protection, and validates Neosec's technology and market approach.
Log in to access full profile ›Company Intelligence Q&A
- When was Neosec acquired?
- Neosec was acquired by Akamai Technologies in April 2023.
- What is Neosec's primary focus?
- Neosec focuses on providing an API security platform that identifies threats within data by offering visibility into API behavior and stopping threats for organizations that expose APIs to partners, suppliers, and users.
- Who were the founders of Neosec?
- Neosec was founded by Giora Engel and Ziv Sivan.
- What was a notable recognition for Neosec?
- Neosec was named a "Cool Vendor in Application Security, 2022" by the Gartner Research Group in June 2022.
- Which investor led a funding round for Neosec?
- True Ventures led a $15 million Series A funding round for Neosec in July 2021.