Today, one year out of stealth, we are celebrating another milestone: $135 million in Series C funding at a $1 billion valuation. Noname Security is the FIRST API security unicorn. This is further validation that Noname Security is one of the fastest-growing cybersecurity companies ever. This round was funded by existing investors who wanted to double down on Noname Security and a new investor, Georgian. Georgian and Lightspeed, led the round with meaningful participation from existing investors including Insight Partners, Cyberstarts, Next47, Forgepoint, and The Syndicate Group (TSG).
When Shay and I started Noname Security, we had one mission in mind to enable organizations to accelerate their digital transformation journey by helping secure their APIs. We approached API security differently and that is why we have garnered the trust of the world’s largest brands and we are actively working with 20% of the Fortune 500 to help protect their digital environments from an ever-growing list of API vulnerabilities. As Gartner has predicted API’s will become the most frequent attack vector by 2022 causing data breaches for enterprise web applications; however, it’s already happening.
When I reflect on this past year, I’m left speechless. We started with four employees and were an unknown company. Today, we have over 200 employees and counting around the world. Noname’s growth could not have happened without an amazing level of commitment, collaboration, and dedication from our employees, investors, and partners. Thank you all for the passion, dedication, and experience you bring to Noname Security. In twelve short months, we have become the name to know in API Security.
Our unparalleled traction in the market and most recent round of funding has solidified Noname Security’s leadership in the API security space. With $220 million in financing in our first year, we will further accelerate our global go-to-market efforts and continue investing in API security innovation. For those who share in our passion for API security, join us, and help write the next chapters in Noname Security’s story
This past year is one that Shay and I will never forget and we look forward to celebrating many more milestones at Noname Security.