Noname Security

Enterprise API Security Platform

Cyber Security
Acquired (Inactive) by Akamai Technologies on May 2024 - closed due to acquisition

Company Overview

Snapshot

Founded in February 2020 by Oz Golan and Shay Levi, Noname Security operates with 201–500 employees. The company raised a total of $220 million across 3 funding rounds from 8 investors. In May 2024, Noname Security was acquired by Akamai Technologies.

Business overview

Noname Security provides an API security platform designed to eliminate API security blind spots and protect enterprises from data leakage, authorization issues, abuse, misuse, and data corruption. The platform operates without agents or network modifications, covering the entire API security scope across posture management, runtime security, and API security testing. Noname Security serves various industries, including Fortune 500 companies, operating within the Cyber Security sector, specifically focusing on Application & Website Security.

Strategic signal

The acquisition of Noname Security by Akamai Technologies in May 2024 for an estimated $450 million signals a significant consolidation in the API security market. This move by Akamai, a major player in cloud and security services, indicates a strategic intent to bolster its API security offerings and integrate Noname's comprehensive platform into its ecosystem, providing a strong validation of Noname's technology and market position.

Company Intelligence Q&A

What was the most significant recent corporate development for Noname Security?
In May 2024, Noname Security was acquired by Akamai Technologies for an estimated $450 million. This acquisition closed due to the integration with Akamai Technologies.
Which investors participated in Noname Security's Series C funding round?
In December 2021, Lightspeed Venture Partners led.
What product enhancement did Noname Security launch in May 2022?
In May 2022, Noname Security launched Active Testing, a feature designed to help businesses identify and stop vulnerabilities before they reach production environments.
What was a key strategic integration announced by Noname Security in November 2023?
In November 2023, Noname Security integrated with Swimlane, Tines, and Palo Alto Networks to provide enhanced API security solutions.
When did Noname Security achieve unicorn status?
In December 2021, Noname Security achieved unicorn status with a $135 million Series C funding round, approximately one year after exiting stealth mode.

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