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Prolexic Technologies

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Distributed denial of service (DDoS) mitigation service provider

Los Angeles, United StatesFounded 2003Fintech
Valuation $250–500M Last recorded · 2013
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
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About Prolexic Technologies

Prolexic Technologies, now a subsidiary of Akamai Technologies, was established in 2003 by Barrett Lyon. The company carved a niche in the cybersecurity market by offering robust solutions to protect websites, data centers, and enterprise IP applications from Distributed Denial of Service (DDoS) attacks. Lyon's journey into DDoS mitigation began while he was in college, working for a small network security firm. Recognizing a specific need to defend against these disruptive attacks, particularly for online casinos facing extortion threats, he founded Prolexic. His early success in bringing a cybercriminal to justice helped the company gain publicity and expand its client base beyond the gambling industry.

The firm's business model centers on a cloud-based DDoS mitigation platform. This service operates by redirecting a client's internet traffic through Prolexic's global network of scrubbing centers. These centers analyze the traffic, filter out malicious data packets characteristic of a DDoS attack, and allow only legitimate traffic to reach the client's servers. This service is available in both always-on and on-demand models, providing flexibility for different security needs. Prolexic serves a wide array of industries that are at high risk for cyberattacks, including financial services, e-commerce, gaming, government agencies, and Software as a Service (SaaS) providers. Some of the world's largest banks have been cited as clients.

Prolexic's core offering is its comprehensive DDoS protection service, which defends against attacks at the network, transport, and application layers. This is managed by a 24/7 Security Operations Control Center (SOCC) that provides real-time monitoring and mitigation. A key feature is the global network of high-capacity scrubbing centers, which can absorb large and complex attacks, aiming to restore a client's critical online infrastructure within minutes. The service is designed to be carrier-agnostic and supports various integration methods. In February 2014, Akamai Technologies acquired Prolexic for approximately $370 million, integrating Prolexic's specialized DDoS mitigation capabilities into its broader suite of cloud and security services. Following the acquisition, the Prolexic platform has continued to evolve; in 2023, Akamai launched a sixth-generation platform that significantly increased its dedicated attack mitigation capacity.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2003
Headquarters
Los Angeles, United States
Employees
3
Open positions
None listed
Dealroom signal
60.0/100
Industry
Security, Fintech
Sub-industry
Identity & Access
Sector
Fintech, Supply Chain Management, Risk Management, Entertainment, Data Analytics, Predictive Analytics, Streaming, Mitigation, Cybersecurity, Hard Tech, DT and LS, Travel

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Dec 2013 $390M $390M Akamai —
SERIES COther financing Jul 2013 $30M $120M Kennet Partners · Camden Partners · Intel Capital · Medina Capital —
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Growth signals

Prolexic Technologies website traffic

Latest recorded traffic for Prolexic Technologies is 180 monthly website visits, up 28.6% over the last three months.

Latest monthly visits180 3-month web change+28.6%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

  • Kennet Partners
  • Camden Partners

Series B and later3 investors entered at this stage

Other known investors1 additional known investor

  • Akamai
Team profiled 10 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Los Angeles HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Prolexic Technologies on X, ranked by likes and reposts, corporate channels excluded.

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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