Zenity, a leading platform dedicated to ensuring the security of low-code/no-code development, has successfully garnered $16.5m Series A funding.
The notable funding round was spearheaded by Intel Capital, with participation from existing backers such as Vertex Ventures and UpWest. New investors, including Gefen Capital and B5, also jumped aboard. In line with the recent investment, Yoni Greifman, Intel Capital Investment Director, is set to take a seat on Zenity’s board of directors.
Low-code/no-code platforms have revolutionised the way organisations operate, offering a convenient way to build tools and services to streamline operations. However, this convenience isn’t without its risks. In particular, non-technical users can inadvertently create apps prone to security vulnerabilities like data leaks, identity misuse, and more. Adding to the complexities, the introduction of Generative AI into these platforms brings forth a fresh set of security challenges.
This is where Zenity steps in. The platform empowers organisations to confidently leverage low-code/no-code platforms by promoting secure and compliant development. Zenity ensures security teams can continually monitor and evaluate risks across applications, workflows, and other automations built on different platforms. Moreover, it provides tools for setting automated safeguards and risk reductions via policies, playbooks, and tailored customisations.
Zenity’s CEO and Co-Founder Ben Kliger stated, “There is universal acknowledgement that security teams are lacking the means to be part of the citizen development story and properly protect their organisations.” He further mentioned, “With this funding round, Zenity will continue to lead this new application security frontier and help organisations push and promote citizen development responsibly.”
Zenity’s Co-Founder and CTO, Michael Bargury, chimed in, “As organisations strive to increase productivity by adopting low-code/no-code and Generative AI tools, everyone is now a developer.”
He also pointed out the potential pitfalls, noting, “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.”
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