API security startup Noname raises $60 million led by Insight Partners
The Israeli company took its total funding in a little more than six months to $85 million as it aims to solve API vulnerabilities
Meir Orbach | 14:01 30.06.2021
Israeli API security company Noname Security announced on Wednesday that it has completed a $60 million Series B led by Insight Partners, with Next47, Forgepoint, and TSG joining the round and existing investors Cyberstarts and Lightspeed Venture Partners participating as well. The round brings Noname’s total funding to $85 million since emerging from stealth in December 2020. "Since we founded the company in 2020 we have grown to 70 employees and our sales are growing at a fast pace of 400% a quarter," Noname CEO and co-founder Oz Golan told Calcalist. "We want to continue and expand our teams and grow quickly. The previous round could have lasted us at least a year, but we decided that this is the time to raise money if we wanted to accelerate our growth and make sure we don't run out of money. We aren't a unicorn yet, but right now it is more important for us to increase our sales and growth."