StackPath
Defunct edge computing and CDN provider, liquidated in 2024 after failing to compete.
On the record
Checkpoint: Resolution of Hilco Streambank's binding bid sale for StackPath patents, software, and trademarks
The call
StackPath shut down in June 2024 and its remaining assets are still being sold off piece by piece, with no revival in sight.
StackPath delivered internet content faster by storing copies closer to users, a job that many companies can do. Bigger tech giants like Akamai simply outmuscled it by offering the same service cheaper and better integrated with their other products, leading StackPath to stop operations and liquidate in mid-2024. What happens next depends on who buys its patents and technology from the liquidation auction, since those assets could resurface in a competitor's hands or fade away entirely.
Why
01
AI pressure: None apparent. StackPath is dead. There is no business left for AI to threaten or feed. Could AI do the core job? Yes, likely.
02
Bigger players: Akamai Technologies. Akamai already bought StackPath's CDN contracts for about $45M in 2023, finishing the job before liquidation. Could a giant copy it? Yes, easily.
03
What protects it. None. StackPath ceased all operations in June 2024 and filed for creditor assignment in Delaware.
What would change this call
Confirmed buyer and price announced for StackPath's patent/software portfolio auctioned by Hilco Streambank. Shows whether any entity revives StackPath IP or it is fully absorbed by others.
Any patent-litigation filing using acquired StackPath IP against a major tech company. Would show StackPath's assets being weaponized rather than simply shelved.
Any news of a StackPath brand relaunch or successor entity operating under new ownership. Would indicate the company did not stay fully dead as currently assumed.
Any patent-litigation filing using acquired StackPath IP against a major tech company. Would show StackPath's assets being weaponized rather than simply shelved.
Any news of a StackPath brand relaunch or successor entity operating under new ownership. Would indicate the company did not stay fully dead as currently assumed.
Key numbers
- $396M total equity raised lifetime
- Akamai paid ~$45M for CDN contracts
- ~180,000 IPv4 addresses put up for sale
Named risks
- Company is fully defunct with all operations, contracts, and customers already lost.
- Remaining patent, software, domain and trademark portfolio outcome unresolved after Feb 2025 bid deadline.
- Patent portfolio could be deployed in litigation against large tech companies by unknown buyer.
- No structural moat existed even at peak operation, business model was commodity infrastructure.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| Akamai Technologies | losing to | Bought ~100 StackPath enterprise CDN contracts for ~$45M, Aug 2023, ending StackPath's CDN business |
| Cloudflare | losing to | Named as a peer CDN/edge competitor while StackPath collapsed into liquidation by June 2024 |
| Fastly | losing to | Historical peer that continued operating while StackPath ceased all services in 2024 |
| Edgio | contesting | Fellow legacy CDN player that also went bankrupt around the same 2023-2024 consolidation window |
| Lumen | contesting | Also exited the CDN business in the same 2023-2024 window as StackPath's collapse |
Questions people ask
- Is StackPath still in business in 2026?
- No. StackPath ceased all operations in June 2024 and filed an Assignment for the Benefit of Creditors in Delaware Chancery Court (Case No. 2024-0647) on June 16, 2024. It sold its CDN contracts to Akamai in August 2023 and liquidated remaining IPv4 addresses and IP assets through Hilco Streambank in 2024-2025. No relaunch has occurred.
- Who bought StackPath's customers?
- Akamai Technologies acquired StackPath's roughly 100 enterprise CDN contracts for approximately $45 million in August 2023, with CDN service fully ceasing November 22, 2023. Akamai expected the deal to add about $20 million in annual revenue in 2024.
- Would AI have saved StackPath?
- No evidence suggests AI was a factor. Independent analysis (NetActuate, April 2026) attributes StackPath's collapse to failed integration of five acquired companies and undercapitalization, not AI disruption. The company shut down in June 2024, before the generative-AI infrastructure buildout accelerated.
- Who is StackPath's biggest competitor?
- Akamai Technologies was StackPath's chief incumbent rival, having bought its CDN contracts in August 2023 for about $45 million. Akamai also absorbed customers from two other failed CDN players, Edgio (bankrupt) and Lumen (exited CDN), in the same 2023-2024 consolidation window.
- How much funding did StackPath raise before failing?
- StackPath raised a total of $396 million in equity funding over its lifetime, including a $150 million round led by ABRY Partners in 2016 and a 2020 Series B led by Juniper Networks and Cox Communications, per company and press reporting through March 2020.
- What happened to StackPath's patents after it shut down?
- Hilco Streambank ran a sale process for StackPath's remaining patents, software, domains, and trademarks with a binding bid deadline of February 19, 2025. As of mid-2026, no public announcement of a confirmed buyer or sale price for that IP tranche has been found.
Timeline
- 2025-01-23Hilco Streambank launches sale of StackPath patents, software, domains, trademarks; bids due Feb 19, 2025
- 2024-07-25Hilco Streambank's IPv4.Global seeks buyers for ~180,000 StackPath IPv4 addresses
- 2024-06-16StackPath files Assignment for Benefit of Creditors in Delaware Chancery Court, Case 2024-0647
- 2024-06-12StackPath announces closure of all products and full liquidation
- 2024-04StackPath opens Paris edge location, its final product expansion before shutdown
- 2023-12StackPath launches SP// Edge Compute Dedicated Hosts product
- 2023-11-22StackPath and Highwinds CDN services fully cease
- 2023-08-29Akamai acquires ~100 StackPath enterprise CDN contracts for ~$45 million
- 2020-03-18Series B led by Juniper Networks and Cox Communications lifts total funding to $396M
- 2016-07-25ABRY Partners leads $150M funding round, total raised reaches $180M
Revision history
22 July 2026
First assessed. Little protection left. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Hilco Streambank Overseeing Intangible Asset Sale of StackPath (2025-01-23)
- The Fall of StackPath: A NetActuate Perspective (2026-04-04)
- StackPath to close down, liquidate assets (2024-06-16)
- StackPath's New Series B Lifts Its Total Equity Raised to $396M (2020-03-18)
- Security startup StackPath raises $150M in fresh funding round (2016-07-25)
- StackPath
- StackPath Edge Computing Patent & Software Acquisition Opportunity (2025-01-13)
- What is Growth Strategy and Future Prospects of STACKPATH Company? (2025-07-11)
- IPv4.Global by Hilco Streambank Seeks Offers to Purchase IPv4 Addresses of StackPath (2024-07-25)
- Hilco Streambank Overseeing Intangible Asset Sale of StackPath (2025-01-23)
- $29.7M Est. ARR, $396M Raised (2024-10-16)
- StackPath quits CDN business, Akamai buys enterprise customer contracts (2026-06-23)