Noname Security
Noname Security, founded in 2020 and acquired by Akamai Technologies in 2024 for approximately $450 million, developed an AI-powered enterprise API security platform providing automated API discovery, runtime attack protection, and SDLC integration for large organizations in financial services and other regulated sectors.
- Company typePrivate
- Founded2020
- HeadquartersPalo Alto, United States
- Headcount251–500
- GTM typeB2B
- OfferingSoftware
What Noname Security does
Noname Security was an enterprise API security company founded in 2020 and headquartered in Palo Alto, California. The company developed an AI-powered platform that automatically discovered, inventoried, and tested APIs for vulnerabilities while providing runtime protection against API attacks and integrating security checks into the software development lifecycle. Its product suite covered API posture management, runtime security, secure API SDLC, and an Active Testing capability launched in October 2023 designed to identify shadow, zombie, and AI-related APIs and to assess them against the OWASP API Top 10.
The company operated a subscription-based, enterprise-focused go-to-market targeting large organizations with significant API infrastructure, with particular emphasis on financial services, insurance, and telecommunications verticals. Prior to acquisition, Noname Security raised approximately $220 million across three funding rounds between December 2020 and December 2021, reaching unicorn status at a $1 billion post-money valuation in December 2021. Key institutional investors included Lightspeed Venture Partners, Insight Partners, Georgian, Next47, Forgepoint Capital, and The Syndicate Group.
In June 2024, Akamai Technologies acquired Noname Security for approximately $450 million, integrating its API security capabilities into Akamai's broader security portfolio. Post-acquisition, the product operates as Akamai API Security, distributed through Akamai's global direct sales force, technology partner directory, and ISV Catalyst program, with reach across more than 30% of global internet traffic.
Noname Security firmographics
Firmographics- Name
- Noname Security
- Legal name
- Akamai Technologies, Inc.
- Website
- https://nonamesecurity.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Acquired
- Headcount range
- 251–500 employees
- Short description
- Noname Security, founded in 2020 and acquired by Akamai Technologies in 2024 for approximately $450 million, developed an AI-powered enterprise API security platform providing automated API discovery, runtime attack protection, and SDLC integration for large organizations in financial services and other regulated sectors.
- Ownership category
- akta.pro rank
Noname Security industry classification
Industry- Product category
- API Security
- NAICS
- Computer Systems Design and Related Services (5415)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- Runtime Application Self-Protection & In-App Detection (HDADACAI)
- akta.pro secondary industry
- Security Architecture & Engineering Advisory (Zero Trust, IAM, Network) (BPAKADAF)
Keywords
Where Noname Security is headquartered
LocationHeadquarters
- HQ city
- Palo Alto
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Noname Security business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations
Revenue model
- API Security Platform Subscription: Subscription-based API security platform providing posture management, runtime security, and secure API SDLC capabilities to enterprise customers
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Noname Security product offering
Product offeringCore offering
Noname Security provides an AI-powered API security platform that automatically discovers, inventories, and tags all APIs across an enterprise (including shadow, zombie, and AI-related APIs), detects and blocks API attacks in real-time at runtime, and integrates security testing into the CI/CD pipeline to shift left. The platform covers OWASP API Top 10 vulnerabilities and monitors both north-south and east-west API traffic for large enterprise customers in financial services, insurance, and telecommunications.
Product overview
Noname Security, acquired by Akamai in June 2024 for approximately $450 million, operated as an enterprise API security platform offering a unified solution for API discovery, testing, and runtime protection. The core product provided automated API inventory management, vulnerability assessment against OWASP API Top 10, attack detection using machine learning, and CI/CD integration for shift-left security testing. Noname Security's capabilities have been integrated into Akamai's broader API security portfolio, which now includes API Security and App & API Protector as complementary solutions.
Differentiator
Problem solved
Functional benefit
Products and services
- API Security (Acquired from Noname Security) A comprehensive API security platform that provides automated discovery, inventory, and tagging of shadow, zombie, and AI-related APIs; runtime protection detecting attacks, data leakage, and policy violations; and CI/CD integration for security testing before production deployment. Designed for large enterprise customers in financial services, insurance, telecommunications, and other sectors requiring protection against API vulnerabilities and real-time attacks.
Quantifiable outcome
- First API security unicorn company
- +2 more outcomes
Companies that use Noname Security
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles2 records
Noname Security technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Noname Security partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Akamai TechnologiesflagshipAkamai acquired Noname Security for approximately $450 million in June 2024, integrating Noname's API security capabilities into Akamai's broader security portfolio. This acquisition significantly enhanced Akamai's API security offerings, positioning it as a dominant player in the API security market and expanding coverage to over 30% of global internet traffic protection.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Noname Security competitors and assessment
Company assessmentMarket position
Strengths4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Noname Security social profiles
Digital presenceNoname Security financial estimates
Financial estimateRevenue estimate
Valuation estimate
Noname Security leadership team
Management profileNumber of profiles
Profiles6 records
Noname Security funding detail
Funding detailFunding overview
Funding rounds3 records
Investors10 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Noname Security M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Noname Security
What does Noname Security do?
Noname Security provides an AI-powered API security platform that automatically discovers, inventories, and tags all APIs across an enterprise (including shadow, zombie, and AI-related APIs), detects and blocks API attacks in real-time at runtime, and integrates security testing into the CI/CD pipeline to shift left. The platform covers OWASP API Top 10 vulnerabilities and monitors both north-south and east-west API traffic for large enterprise customers in financial services, insurance, and telecommunications.
Is Noname Security a public or private company?
Noname Security is a private company. It is classified as corporate owned and is currently acquired.
When was Noname Security founded?
Noname Security was founded in 2020. It employs 251 to 500 people.
Where is Noname Security based?
Noname Security is headquartered in Palo Alto, United States, in the North America region.
How does Noname Security make money?
One revenue line is on record: API Security Platform Subscription.
Does Noname Security have an API?
No public API is recorded for Noname Security.
What industry is Noname Security in?
Noname Security's product category is API Security. Its primary akta.pro industry code is HDADACAI, Runtime Application Self-Protection & In-App Detection, with a secondary code of BPAKADAF, Security Architecture & Engineering Advisory (Zero Trust, IAM, Network). Its NAICS code is 5415 and its SIC code is 7371.