Akamai Buys Cybersecurity Company ChameleonX
The employees of Tel Aviv-based ChameleonX will join Akami’s research and development center in Israel
Founded in 2016 by CEO Maor Hod and Shay Elkana, ChameleonX develops client-side protection technology. The company is an alumnus of Citi Group’s accelerator program. The company raised $1.9 million to date from venture capital fund Firstime.
ChameleonX’s employees will join Akamai’s research and development center in Israel. Akamai stated the acquisition will strengthen its security offering.