Akamai buys cybersecurity startup Noname Security for $450 million. | CybSec Wizard

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TLDR:

– Akamai Technologies has acquired Israeli cybersecurity startup Noname Security for $450 million
– Noname Security was valued at $1 billion in its last funding round

Akamai Technologies announced the acquisition of Israeli cybersecurity startup Noname Security for $450 million. Noname Security, which was valued at $1 billion in its last funding round, has developed a platform that analyzes configuration, traffic, and code to identify API vulnerabilities. The startup’s co-founders, Oz Golan and Shay Levi, have strong backgrounds in technology and cybersecurity.

The acquisition will allow Akamai to enhance its API security solution and meet the growing demand for comprehensive protection. The company expects to gain additional sales and marketing resources through Noname’s established relationships. The deal is expected to close in the second quarter of 2024 and will add approximately $20 million in revenue for Akamai in fiscal year 2024.

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Adrian Johnson

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