Noname Security, which automatically discovers and remediates API vulnerabilities, raises a $135M Series C at a $1B valuation led by Georgian and Lightspeed
API protection startup Noname Security, which today disclosed a $135 million series C funding round at a post-money valuation of $1 billion …
Context & Ripple Effects
Noname Security reached this round after a $60M Series B six months earlier, accelerating its financing while positioning automated API discovery and remediation as the product focus. The later coverage closes the arc: Akamai ultimately agreed to acquire Noname for about $450M, well below the $1B post-money mark reported here.
The funding also sits alongside a well-capitalized API-security rival: Salt Security had raised a Series B before this round and later disclosed a $140M Series D at a $1.4B valuation.
First-order effects
- Noname receives $135M in new capital and a $1B post-money valuation, giving Georgian and Lightspeed a stake in the API-security specialist.
- The round establishes a $1B valuation benchmark for Noname shortly after its prior $60M financing.
Second-order effects
- Salt Security and Noname become more directly comparable funding-backed vendors in API vulnerability discovery and protection, raising the pressure to distinguish automated remediation from adjacent API-security offerings.
- Akamai's later agreement to buy Noname shows that a standalone API-security vendor can become an acquisition target for a broader security platform, not only a venture-funded independent company.
Third-order effects
- The sequence points toward platform consolidation around API-security capabilities: specialist vendors can use large private rounds to build category positions, while larger security providers may absorb those capabilities later.
- The gap between Noname's 2021 funding valuation and its later reported acquisition price underscores that late-stage private marks are not necessarily durable exit benchmarks for narrowly focused security companies.
The trend: API security is moving from a venture-funded specialist category toward broader security-platform consolidation, with automated discovery and remediation as a core capability.