Noname Security, the leading API security company, has raised $135 million in Series C funding at $1 billion valuation.
The funding round was led by Georgian and Lightspeed, with participation from existing investors including Insight Partners, Cyberstarts, Next47, Forgepoint, and The Syndicate Group (TSG).
This new investment will fund the global expansion of Noname Security’s go-to-market and R&D teams. Noname Security has raised $220 million in total financing to date.
“Enterprises across all industries are experiencing widespread digitisation, accelerating the adoption of thousands of new APIs and the critical need to secure them for businesses on a global scale,” said Oz Golan, co-founder and CEO at Noname Security.
To date, Noname Security has discovered and remediated misconfigured APIs that would have led to the data leakage of billions of sensitive records, and the platform now actively blocks over 1,000 attacks per day across its customers.