# Neosec

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

- Industry: Software
- Headquarters: Milpitas, US
- Website: www.neosec.com
- Total disclosed funding: $21M
- Latest round: Series A (Sep 14, 2021)
- Investors on record: 4

## About

Neosec, Inc. is a US-based SaaS company specializing in API security solutions, designed to protect organizations against various cybersecurity threats affecting their web applications and APIs.Founded in 2020 and headquartered in Milpitas, US, Neosec, Inc. focuses on API security and has undergone a strategic acquisition by Akamai Technologies, with the deal finalized in Q2 2023. The company was co-founded by Giora Engel and Ziv Sivan, with Engel serving as the CEO. Neosec has successfully completed a total of 3 funding deals, raising USD 15.00 mn in its most recent Series A funding round on April 19, 2023, with notable investors including New Era Capital Partners, SixThirty, TLV Partners, and True Ventures.Neosec, Inc. delivers cutting-edge API security solutions that continuously monitor API behavior to identify vulnerabilities and mitigate risks associated with cybersecurity attacks. Their services enable clients to audit and inventory all APIs, including shadow and rogue APIs, while addressing common vulnerabilities such as those highlighted by the OWASP Top 10 API Security Risks. Neosec's primary offerings include comprehensive protection against DDoS attacks and exploitation attempts, catering to various sectors, particularly media, gaming, retail, and healthcare.Neosec, Inc. employs a subscription-based revenue model, engaging clients through annual contracts for its API security services. These contracts may encompass offerings like continuous monitoring and vulnerability management, which are tailored to the specific needs of enterprise-level clients seeking effective security solutions in an increasingly threatened digital environment. Transactions occur directly between Neosec and its customers, fostering long-term partnerships that support the integration of its security solutions into clients' operations.Following the acquisition by Akamai Technologies, Inc., Neosec, Inc. plans to leverage their resources to enhance their API security offerings and extend their market presence. The recent funding will support the development of new products aimed at addressing the evolving API threat landscape. Additionally, Neosec aims to expand its services into new geographic markets, further enhancing its global footprint and increasing its client base.

## Funding rounds

- Series A, Sep 14, 2021, $15M — True Ventures, SixThirty, TLV Partners, New Era Capital Partners
- Seed, Jan 1, 2021, $5.7M — SixThirty

## Investors

- SixThirty (https://capitalatlas.ai/funds/sixthirty) — Seed, Series A
- True Ventures (https://capitalatlas.ai/funds/true-ventures) — Series A
- TLV Partners (https://capitalatlas.ai/funds/tlv-partners) — Series A
- New Era Capital Partners (https://capitalatlas.ai/funds/new-era-capital-partners) — Series A