Venture capital activity in the crypto sector is on the rise, bringing good news to crypto founders after a slump in late 2023. Despite not reaching the highs seen in late 2021, venture capitalists are showing increased interest in web3 technologies.
One notable deal making headlines is Akamai’s acquisition of API security firm Noname for $450 million, slightly below the reported $500 million target. This transaction is significant not only for its size but also because Noname was previously valued as a unicorn in 2021.
In the cybersecurity space, Wiz has raised $1 billion and is looking to acquire both struggling unicorns and promising startups to strengthen its business. With a valuation of $12 billion, Wiz is making waves in the industry. Additionally, Wayve secured over $1 billion in funding but is focused on self-driving technology rather than security.
On the fundraising front, Monzo raised an additional $190 million, bringing its total fundraising for the year to over $600 million. Meanwhile, TikTok is battling a ban, and Oyo is seeking new capital at a reduced valuation compared to its previous worth.
In other news, Haje is introducing Pitch Deck Teardown to Equity, offering insights into NOQX’s deck and what lies ahead for the company. Stay tuned for more updates and discussions on the latest developments in the tech and venture capital space.