Akamai to Acquire Noname Security, Medtech Radiology API, Probely Discovery
The API Changelog issue 2024.20
This is issue 2024.20 of the API Changelog, a mix of API news, commentary, and opinion. In this issue, you'll get to know the most relevant API-related information from the week of May 6, 2024. Subscribe now, so you never miss an issue of the API Changelog.
Highlight of the week
Akamai plans to acquire API security firm Noname Security for $450 million to enhance API protection and meet increasing customer needs. The acquisition, expected to close in Q2 2024, aims to bolster Akamai's capabilities in safeguarding applications across various environments. See additional coverage on SecurityWeek, Sdxcentral, SiliconAngle, Fintech Global, SC Media, Outlook Business &Money, and ynetnews.
Akamai Technologies has agreed to acquire application programming interface security firm Noname Security. The acquisition is expected to enhance Akamai's existing API Security solution and help the company meet growing customer demand and market requirements.
“Akamai has seen a growing need for API protection with our own data showing 109% year-on-year growth in API attacks. With the addition of Noname, Akamai believes it will have the breadth of integrations and deployment choices needed to deliver comprehensive API protection for customers across all environments.”, said Mani Sundaram, executive vice-president and general manager, Security Technology Group, Akamai Technologies.
Chief executive and co-founder of Noname, Oz Golan, said “Combining Noname with Akamai’s API Security offering will provide a solution for any type of customer. No matter where the customer’s applications reside — be it in the cloud, natively on the edge, on-premise, or on other vendor platforms — they will be protected.”
The acquisition will enable Akamai to offer a complete API security suite, enabling customers to easily discover "shadow" APIs and detect vulnerabilities and attacks. The acquisition is expected to deliver around $20 million in revenue for the fiscal year 2024. The transaction is expected to close in the second quarter.
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Announcements
Telecom Argentina and Intraway are teaming up to launch a digital company for CSPs to use Open APIs for network monetization. The upcoming cloud-native platform will support Latin American CSPs with API integration and aims to drive the adoption of GSMA's Open Gateway standard.
Parker Technology and Scheidt & Bachmann launched an API for efficient parking service and data visibility. The integration aims to enhance customer experience, operational efficiency, and revenue for parking operators.
Iceye launched two APIs to streamline satellite imagery access from their SAR constellation, offering automated machine-to-machine interactions and archival image requests. The new services expand customer options and ensure security reviews, with the APIs enhancing direct integration and rapid decision-making capabilities. See additional coverage on Geospatial World, Spacewatch Europe.
Salesforce's MuleSoft, in partnership with Red Hat and IBM, plans to release Anypoint Flex Gateway on IBM Power in Q2 2024 to enhance API management. This collaboration aims to bolster modernization and AI integration into critical applications, improving service demand management, user experience, and data security.
Ookla has launched a new API to help network operators and regulators like the FCC ensure broadband infrastructure investments are effective. The free "Enrichment API" allows for granular network performance data and aids in accurate broadband service reporting.
Amazon Connect now enables advanced searching for flows and flow modules by various attributes via UI and APIs. This functionality is available in all regions supporting Amazon Connect; IE support ends 07/31/2022.
Westland Express, Canada's premier online tenant insurance provider, launched an API to revolutionize tenant insurance management in property systems. They've partnered with Yardi and HappyCo for an integrated digital insurance experience, debuting at the 2024 CFAA Rental Housing Conference.
Medtech Global partnered with Zed Technologies to deliver real-time radiology reports to GPs via an API. The integration aims to reduce administrative hassle and save substantial time for doctors.
Funding and M&A
Knit, a Bengaluru-based SaaS startup, raised $1M in seed funding for product enhancement and Gen AI technology integration. The startup offers a unified API platform, competing with Zapier and others, to streamline SaaS and chat tool integrations for businesses.
AI
OpenAI intends to integrate more Stack Overflow content into ChatGPT, enhancing its technical knowledge base. Meanwhile, Stack Overflow will utilize OpenAI's models to develop its own AI offerings. See additional and related coverage on Techloy, eeNews, and Wired.
Fraud detection startup Traceable has updated its platform with new features to bolster API security for generative AI integrations. The platform's new dashboard aids organizations in assessing the API security influencing generative AI and broader application services. See additional coverage on The Fast Mode, betanews, and 01net..
Microsoft integrates Azure WAF and Firewall with Copilot for Security, enhancing network protection using AI. Copilot's AI speeds up threat analysis and empowers security teams, set to publicly preview at Microsoft Build 2024.
Fintech
CCPayment is excited to release its innovative payment API designed to enhance online checkout experiences. This new tool offers digital businesses added flexibility on their payment pages.
CoinNess, an Asian crypto-investment information provider, launches an English Live Feed service for global investors. The company also offers a new B2B API and celebrates with free access for partners. See additional coverage on U.Today, Bitcoin.com.
Delta partners with SnapTrade to integrate investment data directly from brokerages into Delta's portfolio tracking. SnapTrade boasts a connected ecosystem of over 40 fintech apps and $7B in assets, enhancing Delta's user experience with 16 major brokerage integrations.
Security
Cequence announced ML-driven enhancements to its API security platform, streamlining threat detection and mitigation. The company's UAP platform advancements redefine API protection by automating security testing and rule generation. See additional coverage on Security Brief, Global Security Mag, and businesswire.
Probely has unveiled its Discovery feature, integrating asset discovery with DAST into one platform for improved cybersecurity. This enables constant monitoring and vulnerability management for organizational digital infrastructures.
Ghost Security introduces Phantasm, the first threat intelligence feed for targeted API attacks, providing early access. Phantasm, by Ghost Labs, is a curated network for real-time insights to proactively combat application attacks. See additional coverage on Help NetSecurity and businesswire.