TechTaffy

tech:

taffy

Akamai to acquire Noname Security for $450M

By TechTaffy Desk

Akamai Technologies has entered into an agreement to acquire San Jose, California-based, privately-funded API security company Noname Security, for approximately $450 million. The acquisition is expected to close in the second quarter of 2024, subject to customary closing conditions.

With the addition of Noname, Akamai believes it will have the necessary integrations and deployment choices to deliver comprehensive API protection for customers across all environments, the company said in a statement.

Akamai plans to integrate Noname for use by customers of its Application and API platform shortly after the acquisition closes.

Noname has over 200 employees, who are expected to join Akamai’s Security Technology Group following the acquisition.

[Image courtesy: Noname]

Just in

Around the web

ChatGPT search tool vulnerable to manipulation and deception, tests show — The Guardian

OpenAI’s ChatGPT search tool may be open to manipulation using hidden content, and can return malicious code from websites it searches, a Guardian investigation has found; writes Nick Evershed. 
Public Sector

SAIC secures $170.9M cybersecurity contract with Texas Department of Information Resources

Science Applications International Corp. (SAIC) has been awarded a $170.9 million contract by the Texas Department of Information Resources (DIR) to provide cybersecurity services.
Series A

Infinant raises $15M

Charlotte, NC-based Infinant, a bank platform provider, has raised $15 million in a Series A funding round.
AI

Lockheed Martin partners with IBM to enhance AI tools for defense applications

Lockheed Martin is integrating IBM’s Granite large language models (LLMs) into its AI Factory.
IT

Zettabyte, Foxconn ink data center partnership

Zettabyte, a company specializing in AI data center software and infrastructure, has entered into a partnership with Hon Hai Technology Group (Foxconn).