Israel’s Noname Security Raises $60M To Protect APIs

Noname Security, an Israel-based enterprise API security company, has gotten done with a Series B funding round for $60 million, a Globes report says.

Noname has gathered support in the past several years since its December 2020 “emergence from stealth,” the company says.

It has partnered with places like technology, resale and channel partners. And the report lists new investors as places like Next47, Forgepoint, and TSG and existing investors Cyberstarts and Lightspeed Venture Partners as participating in the new round.

APIs have become a point of demand as of late, with Noname racking up hundreds of enterprise customers, which are working on things like production or trialing the platform.

APIs, which connect things like cloud and software applications and let them communicate with one another, have become the target of choice for cyberattacks. Noname’s security platform covers everything involving API security, including discovery, analysis and testing.

The program uses machine learning to discover attackers, suspicious behaviors and other things that might be wrong. The program remediates APIs through integrations with current security software and can block attacks in real-time, the report says, without doing things like deploying agents or making it mandatory to have network modifications.

“There’s a lot more to API security than just protecting against external attacks,” said CEO Oz Golan said. “Noname is the only solution that addresses the full range of API vulnerabilities, including protecting APIs in real time from adversaries, scanning the environment for misconfigurations and compliance issues, and becoming part of the software development lifecycle by finding issues during the development process. Noname monitors the relationships and flows of information between all internal and external APIs. By discovering and analyzing everything in real time, it protects the entire environment throughout the API lifecycle before something goes wrong, whether it’s a threat from the outside or an internal error.”

Sean Leach, chief product architect at the edge cloud platform provider Fastly, said solutions can be linked with various APIs for one point of integration that can help with visibility and cost concerns.