# ChameleonX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chameleonx

- Industry: IT Security/Cybersecurity
- Headquarters: Cambridge, US
- Website: https://www.akamai.com/
- Total disclosed funding: $1M
- Latest round: Seed (Apr 1, 2018)
- Investors on record: 1

## About

ChameleonX, LTD specializes in advanced cybersecurity solutions, focusing on API security and performance optimization for digital assets, ensuring robust protection against cyber threats and enhancing user experience through innovative technology.ChameleonX, LTD was founded in 2016 in Cambridge, US, focusing on innovative cybersecurity solutions. In October 2019, the company was acquired by Akamai Technologies, Inc. for USD 20 mn. The acquisition marked a strategic pivot towards enhancing Akamai's offerings in API security and performance optimization. Akamai Technologies specializes in delivering a comprehensive suite of cloud computing, security, and content delivery network (CDN) solutions. Their primary offerings include API security, website performance optimization, and enterprise application access, all designed to enhance user experience and protect digital assets. The products, such as the App & API Protector and Akamai Guardicore Platform, provide robust protection against DDoS attacks, bot activities, and other cyber threats while ensuring compliance with standards like PCI. Akamai also offers solutions for media delivery, including Adaptive Media Delivery and Download Delivery, which enable seamless streaming and large file transfers across global markets. Their services are utilized by various sectors, including media and entertainment, financial services, healthcare, and retail, with a significant presence in North America, Europe, and Asia-Pacific regions, serving enterprises of all sizes that require reliable and scalable internet solutions.Akamai Technologies generates revenue through a subscription-based model, allowing clients to access their suite of products and services on a recurring basis. The pricing structure typically encompasses different tiers based on the level of service and features utilized, catering to various client needs, from small businesses to large enterprises. For instance, clients may subscribe to flagship offerings like the Akamai Guardicore Platform or Application Access products, with charges linked to usage metrics such as bandwidth, API calls, or the number of secured applications. The company’s transactional framework facilitates partnerships with businesses that require robust cybersecurity measures and high-performance content delivery, ensuring a steady stream of revenue from both B2B and direct consumer interactions. Through this structured engagement, Akamai positions itself as a vital partner in the digital infrastructure of its clients.Following the acquisition of ChameleonX, LTD, Akamai Technologies aims to expand its cybersecurity product offerings, focusing on the development of new services that enhance API security and performance optimization. The integration of ChameleonX's technology is expected to launch new products by late 2022, targeting sectors such as financial services and healthcare. Recent funding from the acquisition will be utilized to accelerate research and development efforts and to support expansion into European and Asia-Pacific markets by 2024.

## Funding rounds

- Seed, Apr 1, 2018, $1M — Firstime

## Investors

- Firstime (https://capitalatlas.ai/funds/firstime) — Seed