Israel-based Zenity, developer of cybersecurity platforms for low-code and no-code applications, raised USD 5 million on 23rd November.
Investors: This investment round was led by Vertex Ventures and UpWest, and backed by significant executives such as Gerhard Eschelbeck, former CIO of Google, and Tom Fisher, former CIO of SuccessFactors.
Purpose of funding: The startup plans to expand research and development, product and marketing, and customer acquisition activities, one of the most promising areas for businesses today, as a result of the digital revolution. In addition to expanding the technical and marketing teams, the startup will also enter new markets with the funds.
Founded in 2021 by Ben Kliger and Michael Bargury, Zenity is located in Tel-Aviv, Israel. Zenity is an online cybersecurity platform developer helping low code/no-code applications. The Zenity platform allows businesses to foster citizen development, adopt Low-Code/No-Code platforms, and safeguard critical data without compromising business continuity. Another, the platform has already been utilized by Fortune 500 companies and continuously scans every component of each application for security policy violations. There are vulnerable components such as 3rd-party components, risks of exfiltration and manipulation, and supply chain attacks, among others.
Furthermore, CIOs, CISOs, and relevant stakeholders are focusing on using this new technology to ensure that citizen developers and other business units can be more productive without compromising security.
What the founders have to say
“Companies are heavily adopting Low-Code/No-Code, without realizing the risks it employs nor their part in the shared responsibility model. We empower CIOs and CISOs to seamlessly govern their Low-Code/No-Code applications and prevent unintentional data leaks, disturbance to business continuity, compliance risks or malicious breaches,” said Ben Kliger, co-founder and CEO at Zenity.
“Low-code brings huge ROIs to Fortune 500 companies by democratizing application development and aligning development with the business. However, it also bypasses existing security approaches, making it easy to store sensitive CRM data on personal accounts, share credentials, and execute arbitrary code, allowing attackers to remain hidden while maintaining full control,” said Michael Bargury, co-founder and CTO at Zenity.
What the investor has to say
“The challenge is mitigating the risks and security threats associated with Low-Code/No-Code solutions without disturbing the business. Zenity provides the perfect combination of governance and security tools with a pro-business approach that helps business developers build with confidence,” said Tom Fisher, Zenity advisor and former CIO of Oracle, Qualcomm, CTO of eBay.
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