Noname Security
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Noname Security was an API security platform that eliminated API security blind spots — protecting enterprises from data leakage, authorization issues, abuse, and data corruption with agentless coverage across posture management, runtime security, and API testing. Founded in February 2020 by CEO Oz Golan and CTO Shay Levi (veterans of NSO and the IDF's Unit 8200), with headquarters in Palo Alto and R&D in Tel Aviv, it raised $220 million in total, including a $135 million Series C in December 2021 that made it the first API-security unicorn at a $1 billion valuation. In May 2024 it was acquired by Akamai for $450 million; the product is now Akamai API Security.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Founded
Oz Golan and Shay Levi founded Noname Security in February 2020 to build an agentless API security platform.
- Unicorn
In December 2021 the company raised a $135 million Series C, becoming the first API-security unicorn at a $1 billion valuation.
- Acquired by Akamai
In May 2024 Akamai announced the acquisition of Noname Security for $450 million; it closed in June 2024 and the product became Akamai API Security.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.