# Akamai Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/akamai-technologies

- Industry: Software
- Headquarters: Cambridge, US
- Website: www.akamai.com/
- Total disclosed funding: $35M
- Latest round: Series B (May 14, 1999)
- Investors on record: 4

## About

Akamai Technologies, Inc., based in the US, specializes in cloud computing, cybersecurity, and content delivery solutions, providing clients with tools to enhance online performance, security, and user experiences across diverse digital platforms.Founded in 1998, Akamai Technologies, Inc. operates from Cambridge, Massachusetts, USA, offering cloud services and security solutions. The company was founded by Ziv Sivan. In October 1999, it raised USD 234 mn in an IPO, marking a significant milestone in its growth trajectory.Akamai Technologies is recognized for its comprehensive suite of cloud computing and security products aimed at optimizing internet performance and security. Key offerings include API security solutions like App & API Protector, which defends against DDoS attacks and vulnerabilities, and the Guardicore platform, which implements Zero Trust architecture. The company serves various industries, including media, retail, financial services, and healthcare, ensuring clients have scalable and robust cloud solutions deployed across North America, Europe, and Asia.In the fiscal year 2024, Akamai Technologies reported revenue of USD 3,991.17 mn and an EBITDA of USD 1,188.34 mn, primarily generated through a subscription-based model that involves long-term partnerships with businesses seeking robust internet performance and security solutions.Looking ahead, Akamai Technologies plans to launch new products designed to enhance security and performance in the coming years. The company aims to expand into emerging markets in Southeast Asia and South America by 2025. The funds raised during their IPO will be allocated towards supporting these product launches and market expansions, reinforcing their commitment to meeting the growing demand for advanced security solutions.

## Funding rounds

- Series B, May 14, 1999, $35M — Baker Capital, Battery Ventures, Polaris Partners, The TCW Group, Inc.

## Investors

- Baker Capital (https://capitalatlas.ai/funds/baker-capital) — Series B
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series B
- Polaris Partners (https://capitalatlas.ai/funds/polaris-partners) — Series B
- The TCW Group, Inc. — Series B