Noname Security Team –Twitter Post
Israeli cybersecurity startup and unicorn Noname Security was acquired by America’s Akamai Technologies. Akamai has agreed to acquire all of the outstanding equity of Noname for approximately $450 million, after customary purchase price adjustments. The closing of the transaction, which is subject to customary closing conditions, is expected to occur in the second quarter of 2024.
Noname Security hit the coveted unicorn status – a $1 billion valuation – in December 2021 when it raised $135 million in a Series C round of funding. The company has raised about $220 million to date.
As a result of the acquisition, Akamai expects to offer a complete API security suite enabling customers to better discover “shadow” APIs and detect vulnerabilities and attacks. Akamai’s enhanced offering expects to have greater deployment choices for customers and access to a portfolio of technology integrations that is unrivaled in the market. Akamai also plans to integrate Noname for use by customers of Akamai’s Application and API platform shortly after the acquisition is closed.
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Akamai “powers and protects life online.” Leading companies worldwide choose Akamai to “build, deliver, and secure their digital experiences — helping billions of people live, work, and play every day.” Akamai Connected Cloud, a massively distributed edge and cloud platform, puts apps and experiences closer to users and keeps threats farther away.
Oz Golan, CEO, and Shay Levi, CTO, launched Noname Security in 2020. The corporation is headquartered in Palo Alto, California, and operates a research and development center in Tel Aviv. Golan was previously the Director of Engineering at NSO and served alongside Levi in the Israeli Defense Forces’ Unit 8200.
“API development continues to proliferate as customers prioritize their investments in application modernization and digital transformation initiatives,” said Oz Golan, chief executive officer and co-founder, Noname. “Combining Noname with Akamai’s API Security offering will provide a solution for any type of customer. No matter where the customer’s applications reside – be it in the cloud, natively on the edge, on-premise, or on other vendor platforms – they will be protected.”
