“Nearing a $500M Agreement: Noname Security, the API Startup, to be Acquired by 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 person familiar with the deal.
Noname was co-founded in 2020 by Oz Galan and Shay Levi and is headquartered in Palo Alto but has Israeli roots.
The startup raised $220 million from venture investors and was last valued at $1 billion in December 2021 when it raised $135 million in a Series C led by Georgian and Lightspeed.
While the sale price is a significant discount from that valuation, the deal as it currently stands would be for cash, the person said.
In February, Israeli news outlet Calcalist reported that Noname was in negotiations with several potential buyers, including Akamai.
