US-Israeli enterprise API security company Noname Security launched from stealth on Tuesday with $25 million in funding from venture capital firms like Lightspeed, Insight Partners and Cyberstarts, the company announced on Tuesday.
Founded earlier this year by Oz Golan, current CEO and Shay Levi, current CTO, Noname Security “eliminates API security blind spots” and protects enterprises from data leakage, authorization issues, abuse, misuse, and data corruption with no agents and no network modifications. The company is headquarated in Palo Alto, California, with an office in Tel Aviv.
Noname is the only holistic security platform that lets enterprises see and secure managed and unmanaged APIs exposed by the organization, consumed by the organization or used internally, thereby eliminating the API security blind spots that exist in most businesses today.
“Application security has a huge blind spot,” said Oz Golan, CEO and co-founder of Noname. “A leaky API on T-Mobile’s website exposed customer data. The US Postal Service API vulnerability exposed personal information of 60 million users of its online service. The fact you cannot place agents on every application server, and you cannot trust network architecture to funnel all APIs through a single gateway, means we need a new approach. We built Noname to give enterprises complete visibility into all APIs in their environment without requiring an agent or relying on API gateways. We can stop APIs from compromising corporate assets, regardless of whether those APIs are managed by IT or not.”
“Noname presents a big opportunity to help enterprises navigate the uncharted territory of APIs in their environment,” said Guru Chahal of Lightspeed Venture Partners. “We were impressed with how the team has really listened to their customers to deliver what businesses need. Customers especially liked the on-click frictionless deployment for API discovery and stopping unauthorized access to their applications.”