Noname Security receives 120 million euros for API security platform

Noname Security announces an investment round of 135 million dollars (120 million euros). The API security organization’s customer base and revenue grew 400 percent each time for the past four quarters. The investment round is intended to absorb the explosive growth.

Noname Security got off the ground in 2020. A year later, the organization’s market value is estimated at over $1 billion. A ‘unicorn’, as the Americans call companies with such values. In the case of Noname Security, the description is accurate on several levels.

Why?

In October of this year we spoke to Steven Duckaert, EMEA Solutions Architect at the organisation. Noname Security belongs to a rare, new breed. It facilitates API security. The basis is a platform for overseeing, analyzing and optimizing all API connections in an environment.

Overview and analysis of used APIs enables developers to detect and correct misconfigurations and policy violations. The platform identifies striking connections and integrates with the tools needed to respond to them. Intervention does not work: the solution is agentless, only observes environments and maps space for improving safety.

Developers are needed to utilize that space. The question starts from a security point of view. Noname Security covers the field of DevOps and security departments. That obviously works well. An end to the remarkable growth is far from in sight.