$450M for Noname, two billion-dollar rounds, and good news for crypto startups

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Good news, crypto founders: Venture capital activity is picking up in your sector after falling to multi-year lows in late 2023. Put another way, venture folks appear more web3-bullish than before, even if recent tallies are far under highs seen in late 2021.

But that was hardly the only news item we had to dig into on Equity this morning. Akamai is spending $450 million for API security firm Noname, a deal that TechCrunch previously reported was looking to get done at around $500 million. The transaction, notable for its size, is also worth considering given that Noname was valued at a unicorn price tag back in 2021.

Wiz is another name in the cybersecurity space that could do deals, thanks to a recent $1 billion fundraise. It intends to buy both wounded unicorns and hot, smaller startups to bolster its business. The company is now valued at $12 billion, which is a lot. (Wayve also raised north of $1 billion, but is focused on the self-driving space instead of security.)

We also saw Monzo snag $190 million more, bringing its full-year fundraising score to more than $600 million as TikTok fights a ban, and Oyo tries to raise new capital at a fraction of its prior worth.

And to close, Haje is bringing Pitch Deck Teardown to Equity! If you have not read the series — start here — you are in for a treat. We’re kicking the new segment off with a look at NOQX’s deck, what worked, what didn’t, and what’s next.

Chat Friday!

Equity is TechCrunch’s flagship podcast and posts every Monday, Wednesday and Friday. Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.

You also can follow Equity on X and Threads, at @EquityPod.

For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes over at Simplecast.





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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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$450M for Noname, two billion-dollar rounds, and good news for crypto startups


Good news, crypto founders: Venture capital activity is picking up in your sector after falling to multi-year lows in late 2023. Put another way, venture folks appear more web3-bullish than before, even if recent tallies are far under highs seen in late 2021.

But that was hardly the only news item we had to dig into on Equity this morning. Akamai is spending $450 million for API security firm Noname, a deal that TechCrunch previously reported was looking to get done at around $500 million. The transaction, notable for its size, is also worth considering given that Noname was valued at a unicorn price tag back in 2021.

Wiz is another name in the cybersecurity space that could do deals, thanks to a recent $1 billion fundraise. It intends to buy both wounded unicorns and hot, smaller startups to bolster its business. The company is now valued at $12 billion, which is a lot. (Wayve also raised north of $1 billion, but is focused on the self-driving space instead of security.)

We also saw Monzo snag $190 million more, bringing its full-year fundraising score to more than $600 million as TikTok fights a ban, and Oyo tries to raise new capital at a fraction of its prior worth.

And to close, Haje is bringing Pitch Deck Teardown to Equity! If you have not read the series — start here — you are in for a treat. We’re kicking the new segment off with a look at NOQX’s deck, what worked, what didn’t, and what’s next.

Chat Friday!

Equity is TechCrunch’s flagship podcast and posts every Monday, Wednesday and Friday. Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.

You also can follow Equity on X and Threads, at @EquityPod.

For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes over at Simplecast.





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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