Neosec

Company Overview

Snapshot

Founded in June 2020 by Giora Engel and Ziv Sivan, Neosec operated with 11–50 employees. The company raised a total of $20.7 million across two funding rounds from nine investors. Neosec was acquired by Akamai Technologies in April 2023.

Business overview

Neosec provides a 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 lurking threats. By examining the entire API dataset, including historical data, Neosec aims to accurately locate threats that might otherwise be missed. The company operates in the Cyber Security sector, focusing on application and website security, leveraging artificial intelligence and software platforms to serve enterprise customers.

Strategic signal

In April 2023, Neosec was acquired by Akamai Technologies. This acquisition signals a strategic validation of Neosec's API security platform and its behavioral analytics capabilities, indicating a consolidation trend in the cybersecurity market where larger players are integrating specialized API security solutions to enhance their offerings and address evolving threat landscapes.

Company Intelligence Q&A

What was a significant corporate milestone for Neosec?

Neosec was acquired by Akamai Technologies in April 2023, marking a significant exit for the company.

When was Neosec recognized as a 'Cool Vendor'?

Neosec was named a "Cool Vendor in Application Security, 2022" by the Gartner Research Group in June 2022.

Which company acquired Neosec?

Akamai Technologies acquired Neosec in April 2023.