About Neosec
Neosec is a Technology company based in Milpitas (United States) founded in 2002 by Ziv Sivan, and was acquired by Akamai in April 2023. Platform offering cloud based application programming interface security provider. Neosec has raised $15 million across 1 funding round from investors including Akamai, True Ventures and SixThirty. The company was acqui-hired. Its focus areas include Enterprise Infrastructure, Cybersecurity, Application Security and API Security. Its competitors include F5 Networks, Cequence and Salt Security; 2 of its 3 listed competitors have raised funding.
Company details
Neosec was founded in 2002 and is headquartered in Milpitas, United States. A cybersecurity platform is operated to address API vulnerabilities through big data, artificial intelligence, and behavioral analytics. Hidden API abuse is detected, visibility into API blind spots is provided, and business logic abuse is prevented across API environments. Services focus on cloud-based protection for application programming interfaces in the technology sector.
- Headquarters Milpitas, United States
- Founders Ziv Sivan
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website neosec.com
- Social LinkedIn X Facebook
- Acquired by Akamai (Apr 2023)
Funding Insights of Neosec
Neosec has successfully raised a total of $15M through 1 strategic funding round. The most recent funding activity was a Series A round of $15 million completed in September 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $15M
- Total Rounds 1
- Last Round Series A — $15M
- First Round $15M
(Sep 2021)
- Investors Count 9
All 1 funding rounds of Neosec with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | $15M | Series A | – | True Ventures, SixThirty |
10 investors in total: 5 institutional and 5 angel.
Investors in Neosec
Neosec has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Akamai, True Ventures and SixThirty.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm supporting AI founders through investments and community. | trueventures.com | |||
Venture capital firm focused on multiple sectors | sixthirty.co | St. Louis, United States | ||
VC firm investing in early stage startups in Israel & the US | tlv.partners | Tel Aviv, Israel | ||
Early-stage startups are supported through venture capital investments. | 2021 | newera.vc | Tel Aviv, Israel | |
Provider of cloud and AI based CDN management software | 1998 | akamai.com | Cambridge, United States | |
MA Mark Anderson | unknown_0e625098e8414ffa8 | |||
MB Mickey Boodaei | Cybersecurity expert, angel investor, co-founder of Transmit Security and Imperva. | unknown_edbec8cc452f499cb | ||
RL Rakesh Loonkar | Co-founder of American Express India, angel investor in fintech and tech startups | unknown_1e6bcde275824ed98 | ||
GF Gary Fish | Angel investor and entrepreneur, founder of Fish Family Office, active in India. | unknown_94c4111511164095b | ||
SR Shailesh Rao | Angel investor, ex-Google and Twitter exec, focused on tech startups | unknown_e26f71e517a842719 |
Investor details for Neosec
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Neosec
6 people are tracked at Neosec (1 in leadership, 5 in team).
| Name | Role | Group |
|---|---|---|
Ziv Sivan | Co-Founder | Leadership |
Tomer Ahrak | Data Science Researcher | Team |
Gal Peled | Data Scientist | Team |
Reut Levron | Frontend Engineer | Team |
Daniel Berger | Frontend Developer | Team |
Yossi Barkshtein | Research Lead | Team |
Complete people profiles for Neosec
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Timeline of Neosec
3 dated milestones of Neosec across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Neosec is founded.
- Funding First funding round of $15.0M.
- Exit Acquired by Akamai.
Competitors of Neosec
Neosec has 3 listed competitors in our database, 2 of them funded. They include F5 Networks, Cequence and Salt Security.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| f5.com | 1996 | Seattle, United States | 6,524 | Cloud-based ADC networking solutions are provided for application delivery. | ||
| cequence.ai | 2014 | Sunnyvale, United States | $93.01M | API security solutions are delivered via a cloud-based platform. | ||
| salt.security | 2016 | Palo Alto, United States | $280.86M | 56 | API security is provided through AI-driven detection and protection. |
Detailed competitors of Neosec
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Top companies in API Management
3 companies that operate in the same segment as Neosec (API Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
API management software is provided for lifecycle development and monitoring. | 2004 | Alameda, California, United States | USD 45 M | |||
Cloud-based API management and integration solutions are offered. | 2006 | San Francisco, California, United States | USD 259.35 M | 1,053 | ||
Cloud-based API security is delivered via distributed tracing and analytics. | 2018 | San Francisco, California, United States | USD 110.25 M |
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Frequently Asked Questions about Neosec
Neosec was founded in 2002 and raised its 1st funding round 19 years after it was founded.
Neosec is headquartered in Milpitas, United States. It is registered at Milpitas, California, United States.
Neosec is a funded company, having raised a total of $15M across 1 funding round to date. The company's 1st funding round was a Series A of $15M, raised on Sep 2021.
Neosec was founded in 2002 and is headquartered in Milpitas, United States. A cybersecurity platform is operated to address API vulnerabilities through big data, artificial intelligence, and behavioral analytics. Hidden API abuse is detected, visibility into API blind spots is provided, and business logic abuse is prevented across API environments. Services focus on cloud-based protection for application programming interfaces in the technology sector.
Neosec's top competitors include Salt Security, Cequence and F5 Networks.
Neosec has 10 investors. Key investors include Akamai, True Ventures, SixThirty, TLV Partners, and Mark Anderson.
Yes. Neosec was acquired by Akamai in April 2023.