Akamai Technologies is a cloud-based cybersecurity company that will acquire API security startup,  Noname Security for 450 million US Dollars. They took this big step to offer its customers complete  API security. The company plans to scale with the additional sales, established channels, alliance  relations, and marketing resources of Noname. 

The experts think Noname will make around $20 million in revenue for the by the end of this year.  Noname Security is a startup based in California. Last year, they got $135 million from investors in a  Series C fund round, making them worth $1 billion. Noname’s platform helps find and fix problems in  APIs.

They use smart technology like Artificial Intelligence and machine learning to spot attackers,  misconfiguration, and malicious behavior in a company’s API. They cover every part of API security and  make sure that everything is safe and working well. As Noname’s technology integrates seamlessly into  Akamai’s services, customers can expect enhanced protection against cyber threats and vulnerabilities,  ensuring a smooth transition to these improved security features. 

Noname Security had raised $220 million in Venture capital after coming into acquisition, according to  a report by Tracxn, including $135 million on a $1 billion valuation in December 2021. In addition, the  executive VP and General Manager of the security technology group in Akamai Technologies, Mani  Sundaram emphasized the growing need for API protection in Akamai. According to him, the data  showed 109% growth in API attacks, which he believes can be solved after the acquisition of Noname  Security, as the startup will have the breadth of integrations and deployment choices needed to deliver  API protection for customers globally.  

According to a statement, Akamai is planning to use the API security of startups for its clients to  discover better APIs and detect vulnerabilities and cyber attacks. After the deal is finished, the startup  will join Akamai’s services for its customers. This should happen around the middle of 2024. The  startup’s technology will fit right in with Akamai’s other services, making it easy for customers to start  using the improved security features. Akamai aims to provide its customers with top-notch protection  against cyber threats and vulnerabilities, ensuring safety worldwide.

Conclusion: 

Akamai-Technologies is a cybersecurity company in the cloud. The company is said to be acquiring a  startup called Noname Security for $450 million. They’re doing this to make sure their customers have  complete security for their APIs. Akamai wants to grow by acquiring Noname security. The company  mentioned that it plans to scale up and use marketing resources, established channels, and  partnerships with Noname. This California-based API security startup was valued at $1 billion in  December 2021.

Their platform uses smart technology to find and fix problems in APIs, which are  important for businesses. Akamai expects Noname to make about $20 million in revenue by the end  of the year. With Noname on board, Akamai hopes to solve the increasing problem of attacks on APIs  and offer better protection to customers worldwide.