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API startup Noname Security nears $500M deal to sell itself to Akamai
Noname Security, a cybersecurity startup that protects APIs, is in advanced talks with Akamai Technologies to sell itself for $500 million, according to a Akamai Technologies is in advanced acquisition talks with Noname Security, an API cybersecurity startup, according to a people person familiar with the deal.
Noname Security, a cybersecurity startup that protects APIs, is in advanced talks with Akamai Technologies to sell itself for $500 million, according to a person familiar with the deal. Noname was co-founded in 2020 by Oz Galan and Shay Levi and is headquartered in Palo Alto, California, but has Israeli roots. Meanwhile, the deal should allow the later stage investors, particularly those who invested in the last round, to get a full return on the capital they put in, if not the profit that they hoped for during those heady days of 2021 when money was flowing and valuations were optimistic.
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