Zenity raises $16.5 million Series A to enhance low-code/no-code security
The Israeli startup’s platform allows organizations leveraging low-code/no-code platforms to promote development in a secure and compliant way while mitigating the risks
Zenity, which has developed a platform for securing low-code/no-code development, has raised $16.5 million in Series A funding led by Intel Capital and joined by existing investors Vertex Ventures and UpWest, as well as new investors from Gefen Capital and B5. In conjunction with the latest financing, Yoni Greifman, Intel Capital Investment Director, will join the board of directors.
Full list of Israeli high-tech funding rounds in 2023
Although low-code/no-code solutions allow organizations to build the tools and services they need to streamline work, automate repetitive tasks and make a more significant impact at scale, it comes with risks. Namely, less technical users are more prone to creating apps and automations that are susceptible to data leaks, implicit sharing, identity misuse, and more. Moreso, the integration of Generative AI into these platforms, increases complications and poses new challenges for security leaders to keep up.
The Zenity platform allows organizations leveraging low-code/no-code platforms to promote development in a secure and compliant way while mitigating the risks. Zenity provides security teams with continuous visibility and risk assessment across all applications, automations, workflows, and connections built across different low-code/no-code platforms, while giving them the ability to set automated guardrails and risk mitigation through policies, playbooks, and customizations.
“There is universal acknowledgement that security teams are lacking the means to be part of the citizen development story and properly protect their organizations,” says Ben Kliger, Zenity’s CEO and Co-Founder. “With this funding round, Zenity will continue to lead this new application security frontier and help organizations push and promote citizen development responsibly.”
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"As organizations strive to increase productivity by adopting low-code/no-code and Generative AI tools, everyone is now a developer,” said Michael Bargury, Zenity’s Co-Founder and CTO. “However, as business users are empowered to create apps, they circumvent the traditional software development lifecycle, thus making incumbent application security practices obsolete. CISOs and AppSec leaders need to work together with business units to securely unleash professional and citizen developers to build applications that help accomplish work more effectively, but not at security’s expense."
