Israeli cybersecurity startup Zenity has secured $16.5 million in new venture capital funding, primarily led by Intel Capital, for its mission to enhance security within the low-code and no-code development ecosystem.
Furthermore, this brings Zenity’s total funding to $21.5 million since its emergence from stealth mode in November 2021. Zenity, based in Tel Aviv, is developing technology that provides organizations with continuous visibility and risk assessment across applications, automations, workflows, and connections created using various low-code/no-code platforms. It also empowers security teams to establish automated security measures and risk mitigation strategies.
The growing market for low-code/no-code development tools, which enable non-technical users to create applications and automations easily, has raised security concerns. Zenity aims to address these concerns by helping secure the applications and workflows created using these tools.
With this funding, Zenity plans to expand its team, focusing on hiring in engineering, security, and product development in Tel Aviv.
Additionally, they intend to invest in go-to-market activities in North America, further strengthening their position in the application security landscape. Zenity’s approach aligns with the increasing importance of cybersecurity in a world where more organizations adopt low-code/no-code solutions for their development needs.