Akamai snaps up API security startup Neosec

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Akamai Technologies has announced it has entered into a definitive agreement to acquire Israeli API security startup Neosec. 

Headquartered in Palo Alto, California and Tel Aviv, Israel, Neosec provides an API detection and response platform based on data and behavioral analytics. 

Akamai said its acquisition will complement its own application and API security portfolio by extending its visibility into the rapidly growing API threat landscape, helping customers to discover all their APIs, assess their risk, as well as respond to any vulnerabilities and attacks.

The acquisition will see Neosec’s staff - around 40 people - join Akamai’s Security Technology Business, along with co-founder and CEO Giora Engel, and co-founder and CTO Ziv Sivan. 

Financial terms of the transaction were not disclosed but the acquisition is expected to close during the second quarter of 2023. 

Akamai will discuss any expected impact on its financials on its quarterly earnings call next month. 

On the product front, however, the firm expects the freshly combined solutions to put the business at the “forefront of a critical emerging category of API security”. 


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The API security solutions market has seen rapid expansion in recent years due to API-based architectures and microservices now being at the core of every application developed today, from B2B to web and mobile applications. 

This widespread use makes them a primary target for attackers, Akamai said. 

Additionally, regulatory compliance laws - such as FFIEC, SOC, GDPR, HIPAA and PCI DSS - require enterprises to strengthen their security measures on APIs.

“With rapidly accelerating digital transformation, APIs are the new frontier for digital business and the enablement of critical business functions,” said Mani Sundaram, executive vice president and general manager of Akamai’s Security Technology Group. 

"Enterprises expose full business logic and process data via APIs, which, in a cloud-based economy, are vulnerable to cyber attacks

“Neosec’s platform and Akamai’s application security portfolio will allow customers to gain visibility into all APIs, analyze their behavior and protect against API attacks."

Neosec co-founder and CEO Giora Engel said its platform’s complete visibility into all API activity, combined with its use of behavioural analytics, is what sets the company apart from other providers.   

“Unlike other solutions, Neosec delivers rich, XDR-like API visibility combined with detection and response capabilities that enable full investigation and threat hunting,” he said. 

“Ultimately, Akamai customers will have a better view into all of their API activity, to identify vulnerabilities and threats before they are exposed, and detect attacks in runtime.”

Daniel Todd

Dan is a freelance writer and regular contributor to ChannelPro, covering the latest news stories across the IT, technology, and channel landscapes. Topics regularly cover cloud technologies, cyber security, software and operating system guides, and the latest mergers and acquisitions.

A journalism graduate from Leeds Beckett University, he combines a passion for the written word with a keen interest in the latest technology and its influence in an increasingly connected world.

He started writing for ChannelPro back in 2016, focusing on a mixture of news and technology guides, before becoming a regular contributor to ITPro. Elsewhere, he has previously written news and features across a range of other topics, including sport, music, and general news.