Noname Security — Cyborg Score 7/10

Strong
API Security / Cybersecurity

Strategic Profile

Noname provided agentless API discovery, runtime protection, and OWASP API Top 10 testing across REST, GraphQL, SOAP, and gRPC without code changes or agent deployment. The company raised over $220M in venture funding and reached a $1B valuation; over 200 employees including CEO Oz Golan joined Akamai's Security Technology Group.

Cyborg Score Rationale

Noname was a well-funded unicorn with strong product-market fit, commanding an exceptional $450M acquisition price by a market leader. However, as an acquired company fully integrated into Akamai since June 2024, it is no longer an independent operating entity.

Top Insights

  • Raised $220M across three rounds and achieved $1B valuation (December 2021) before acquisition, demonstrating exceptional investor confidence and market validation
  • Reached approximately $40M ARR by 2023 with 400%+ quarter-over-quarter growth in customer and revenue in first year of operations
  • Served approximately 20% of Fortune 500 companies including major pharmaceutical, retail, and telecom customers across financial services, healthcare, technology, and retail sectors
  • Integrated into Akamai's Security Technology Group (June 2024), where API security capabilities now form Akamai API Security offering

Named Competitors

  • Traceable Security — API security platform with behavioral analysis
  • Salt Security — AI-powered API security platform
  • Cequence — API security and protection
  • AWS API Gateway — Native cloud API security features

Recent Developments

  • (June 2024) Acquired by Akamai Technologies for approximately $450 million; no longer available as standalone product
  • (December 2021) Achieved $1 billion valuation in final Series C funding round

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