What Neosec does

Neosec, founded in 2021 and headquartered in Palo Alto, is a cloud-based API security platform that applies machine learning and behavioral analytics to discover, monitor, and protect enterprise API estates. Its core technology combines automated API discovery (including shadow, zombie, and AI-related APIs), ML-powered threat detection, OWASP API Top 10 vulnerability assessment, AI/LLM API governance for GenAI environments, shift-left API testing with 150+ dynamic tests, and native integration with Akamai's CDN and cloud infrastructure for edge-based blocking. The platform operates vendor-neutrally across SaaS, hybrid, and on-prem environments and is offered under the Akamai API Security brand following integration with Akamai Technologies.

The company serves enterprise customers across financial services (Commerzbank), healthcare (Novant Health), conglomerates (Godrej), and AI-focused organizations deploying GenAI and LLM services, with use cases spanning API discovery, vulnerability assessment, threat detection, compliance monitoring, and AI integration protection. Revenue mechanics are not publicly disclosed; the company combines direct enterprise sales for large organizations with self-service options for mid-market buyers, supported by a content-led demand generation engine (Akamai blog, BrightTALK webinars, annual State of Internet security research, and personalized demos). The founding team comprises co-founder and CEO Giora Engel, co-founder and CTO Ziv Sivan, and Chairman Mark Anderson, with the company having raised approximately $20.7M across a 2021 seed round (SixThirty) and a 2021 Series A (New Era Capital Partners, SixThirty, TLV Partners, True Ventures) prior to integration with Akamai.

Name

Neosec

Legal name

Akamai Technologies

Website

https://neosec.com

Company type

Public

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Neosec provides an AI-driven API security platform that uses machine learning and behavioral analytics to discover APIs, detect threats, and govern LLM/GenAI integrations for enterprise customers across financial services, healthcare, and AI-focused organizations.

Ownership category

akta.pro rank

Product category

API Security Software

NAICS

Computer Systems Design and Related Services (5415), Computer Systems Design Services (541512)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Vulnerability Intelligence & Exploit Prediction (HDADAHAI)

akta.pro secondary industries

Threat Intelligence Services (BPAEADAC), Intrusion Prevention/Detection Systems (IPS/IDS) (HDADABAH)

Keywords

• API security
• Behavioral analytics
• Threat detection
• API discovery
• Cloud security

Headquarters

HQ city

Palo Alto

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Distribution channels2 records

Marketing channels4 records

Core offering

Neosec provides a cloud-based API security platform that uses AI and machine learning-driven behavioral analytics to automatically discover APIs, detect vulnerabilities and threats, and stop API abuse. The platform offers continuous monitoring for shadow, zombie, and AI-related APIs, ML-powered threat detection for OWASP API Top 10 risks, and an AI-native governance layer that secures interactions between applications, LLMs, and data sources including Model Context Protocol (MCP) servers. The offering is now delivered as Akamai API Security following Akamai's acquisition of Neosec.

Differentiator

Problem solved

Functional benefit

Brands

• API Security: API protection solution for GenAI workflows providing instant visibility and protection for all APIs from legacy to GenAI, LLM, and MCP servers.
• App & API Protector
• Cloud Manager
• Control Center
• Akamai Inference Cloud
• Akamai Guardicore Segmentation
• Akamai MFA
• Akamai Security Intelligence Group (SIG)
• Akamai ISV Catalyst
• Enterprise Application Access
• Secure Internet Access
• Brand Guardian
• Bot Manager
• Account Protector
• Content Protector
• AI Brand Presence
• Prolexic
• EdgeKV
• Akamai Functions

Products and services

• Akamai API Security Cloud-based API security platform that uses AI and machine learning-based behavioral analytics to provide automated API discovery, continuous API inventory, ML-powered threat detection, OWASP API Top 10 assessment, AI/LLM API governance, and shift-left API security testing for enterprise organizations.

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Salt Security: API security platform specializing in API discovery, behavioral analytics, and runtime protection. Highly comparable to Neosec — also acquired by Akamai, making it the closest direct peer in product, customer base, and now corporate parent.
• 42Crunch: API security platform emphasizing API contract scanning, design-time governance, and runtime protection. Comparable to Neosec's shift-left testing and OWASP Top 10 coverage.
• Cequence Security: API security and bot management platform focused on discovery, risk assessment, and runtime protection. Direct peer on API discovery and behavioral threat detection for enterprise customers.
• Noname Security: API posture management and runtime security platform with active testing and AI-driven discovery. Direct competitor to Neosec across the same API security lifecycle, and also acquired by Akamai.
• Traceable AI: API security and observability vendor using distributed tracing and ML for threat detection. Comparable on ML-driven behavioral analysis and API discovery, targeting similar enterprise and FSI buyers.
• Data Theorem: Application and API security vendor with mobile, web, and cloud discovery plus runtime protection. Overlaps Neosec on continuous API inventory and vulnerability detection for enterprise environments.
• Wallarm: Cloud-native API and application security platform with WAAP, API discovery, and threat protection. Overlaps Neosec on API security and shift-left testing, and competes in the same enterprise segment.

Broad incumbents

• Akamai App & API Protector: Akamai's broader WAAP offering that includes API threat discovery and mitigation alongside WAF and bot controls. Sits within the same parent portfolio and increasingly competes with the Neosec-derived product for overlapping use cases.
• Cloudflare API Shield: Cloud-native WAAP and API security suite from Cloudflare covering discovery, schema validation, and runtime protection. Comparable incumbent competitor leveraging edge network distribution.

Emerging players

• StackHawk: Developer-centric API and application security testing platform focused on shift-left scanning within CI/CD. Comparable on shift-left dynamic testing for APIs, though narrower in runtime protection than Neosec.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• GitHubgithub.com/akamai-developers
• LinkedInlinkedin.com/company/neosec-com
• Xtwitter.com/akamai

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Neosec