Akamai Technologies, Inc. is an American company specialized in content delivery network[3] (CDN), cybersecurity, DDoS mitigation, and cloud services.
[6] Akamai Technologies entered the 1998 MIT $50K competition with a business proposition based on their research on consistent hashing,[7] and was selected as one of the finalists.
[8] By August 1998, they had developed a working prototype, and with the help of Jonathan Seelig and Randall Kaplan, they took steps to incorporate the company.
[10] In late 1998 and early 1999, a group of business professionals and scientists joined the founding team—most notably, Paul Sagan, former president of New Media for Time Inc., and George Conrades, former chairman and chief executive officer of BBN Corp. and senior vice president of US operations for IBM.
[21] In 2013, the Securities and Exchange Commission charged a former executive at Akamai Technologies for illegally tipping non-public information about the company's financial predicament as part of the insider trading scheme operated by now-imprisoned Galleon Management hedge fund founder Raj Rajaratnam.
[28] These servers reside on roughly 1,350 of the world's networks, gathering real-time information about traffic, congestion, and trouble spots.
[28] Each Akamai server is equipped with proprietary software that uses complex algorithms to process requests from nearby users.
[27] Akamai delivers web content over its Intelligent Platform by transparently mirroring elements such as HTML, CSS, software downloads, and media objects from customers' servers.
Akamai claims to provide better scalability by delivering the content over the last mile from servers close to end-users, avoiding the middle-mile bottleneck of the Internet.