Neosec

API Security Platform

Cyber Security
Acquired (Inactive) by Akamai Technologies on Apr 2023 - closed due to acquisition

Company Overview

Snapshot

Founded in June 2020 by Giora Engel and Ziv Sivan, Neosec operated with 11–50 employees. The company raised $20.7 million across 2 funding rounds from 9 investors. 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 is built for organizations that expose APIs to partners, suppliers, and users, focusing on discovering all APIs, analyzing their behavior, and stopping internal threats. 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, specializing in Application & Website Security, leveraging Artificial Intelligence and Software platforms to serve enterprise customers.

Strategic signal

Neosec's acquisition by Akamai Technologies in April 2023 signals a strategic consolidation within the cybersecurity market, particularly in API security. This move indicates that established players are actively integrating specialized API security capabilities to enhance their offerings, validating Neosec's technology and market approach. For investors, this highlights the increasing value placed on robust API security solutions and the potential for successful exits in this domain.

Company Intelligence Q&A

What was a significant corporate milestone for Neosec?
Neosec was acquired by Akamai Technologies in April 2023, leading to its inactive status.
When did Neosec come out of stealth mode with its Series A funding?
Neosec came out of stealth mode in September 2021, announcing its $15 million Series A funding round.
Which investors participated in Neosec's July 2021 funding round?
In July 2021, Neosec received funding from investors including True Ventures.
What recognition did Neosec receive in June 2022?
In June 2022, Neosec was named a "Cool Vendor in Application Security, 2022" by the Gartner Research Group.
What was a key product integration announced by Neosec in September 2022?
In September 2022, Neosec delivered API Behavioral Analytics and Threat Hunting through its integration with Apigee.

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