Noname Security

Cybersecurity / API securityUSA
🀝 Acquired
PeakΒ $1 BillionToday
~-55%
from peak
  1. πŸ¦„
    Became a unicorn
    Dec 2021
  2. πŸ“ˆ
    Peak valuation
    $1 Billion ’21
  3. πŸ’”
    Became a Unitard
    2024
  4. πŸ’Έ
    Last valuation
    ~$450M
Current status
Acquired by Akamai for ~$450M (June 2024), under half its last private valuation.

How it happened

Noname Security, founded in 2020, built an enterprise platform to discover and protect managed and unmanaged APIs. A $135M round in December 2021 made it an API-security unicorn at a $1B valuation. As security-startup funding cooled, Akamai agreed to acquire Noname in May 2024 for about $450M, closing in June β€” less than half its last private price. Glassdoor reviews are mostly enthusiastic, praising a fast-paced, talent-dense culture, but a recurring minority describe the flip side of that intensity: punishing hours, and leadership and founders whom several reviewers felt were not fully transparent in their communication. Some also pointed to a high-turnover sales team that churned through reps in the run-up to the sale.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor β†—. See our methodology.

Source: TechCrunch / SiliconANGLE ($135M on $1B valuation, Dec 2021; $450M Akamai acquisition, May/June 2024)

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