Good news, crypto founders! Venture capital activity is picking up in the sector, recovering from the multiyear lows investments fell to in late 2023. Put another way, venture folk appear more bullish on web3 than they used to be not very long ago.
But that was hardly the only news item we had to dig into on Equity this morning. Akamai is spending $450 million to buy API security firm Noname, a deal that TechCrunch previously reported would be worth around $500 million. Still, $450 million is a lot of money, and the deal is worth giving thought to given that Noname was valued at more than $1 billion back in 2021.
Speaking of M&A, Wiz is another name in the cybersecurity space that could go shopping, thanks to its 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,…
