Akamai Technologies, Inc. (Nasdaq: AKAM) is a cloud company that powers and protects life online. Headquartered in Cambridge, Massachusetts, Akamai was founded in 1998 and has grown to become one of the world's largest content delivery networks (CDNs).
Akamai operates a massively distributed edge and cloud platform called Akamai Connected Cloud, which spans over 4,100 locations across 134 countries. The company's offerings include:
Security solutions for protecting against cyber threats
Content delivery services for faster web and media experiences
Cloud computing services for building and running applications
Edge computing capabilities for processing data closer to end users
Akamai has been expanding its cloud computing capabilities in recent years. In 2022, the company acquired Linode, a cloud infrastructure provider, for USD 900 million. Akamai has since been integrating Linode's services into its Akamai Connected Cloud platform. In 2023, Akamai acquired Ondat, a cloud storage technology company, to further enhance its cloud offerings.
In Q1 2024, Akamai reported revenue of USD 987 million, an 8% year-over-year increase. The company's security and compute segments are driving growth, with combined revenue up 22% year-over-year and representing 64% of total revenue. Akamai serves thousands of enterprise customers globally, including major companies like Apple, BMW, and Microsoft, as well as government institutions.
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