PRESS RELEASE
TEL AVIV-YAFO, Israel – Oct. 29, 2024 – Zenity, the chief in securing agentic AI, at the moment introduced they’ve acquired $38 million in Sequence B funding co-led by Third Level Ventures and DTCP, pushing the overall capital raised to over $55 million. It follows the latest strategic funding by Microsoft’s enterprise arm M12, with robust help from present traders Intel Capital and Vertex Ventures. The funds shall be used to develop the workforce throughout product, engineering, gross sales, and advertising, in addition to launching a companion program to develop the ecosystem of supporting enterprises globally as they undertake agentic workflows together with agentic AI, enterprise copilots, and functions constructed on low-code platforms. With Forbes estimating greater than 51% of corporations are actively adopting AI for course of automation, and Microsoft stating the quantity of people that use Copilot day by day at work has practically doubled quarter-over-quarter, many enterprises have already taken a daring leap into the world of AI. Nonetheless, per Salesforce, solely 11% of CIOs say they’ve totally carried out AI, with the primary purpose for holding full implementation again being round safety and information infrastructure considerations. This spherical of funding serves to additional speed up and develop Zenity’s capability to allow using AI apps and brokers amongst Fortune 500 enterprises, together with present Zenity clients that exist throughout monetary providers, know-how, manufacturing, vitality and pharmaceutical industries.
Ben Kliger, Zenity’s CEO and co-founder, stated: “The way forward for work is now. For the primary time, giant enterprises are on the leading edge by inserting the facility of AI and low-code in any respect customers’ fingertips, which means anybody can now use and construct AI brokers and enterprise functions to get extra completed. As such, safety groups want sturdy and purpose-built options to correctly handle the dangers that come when using probably the most highly effective instruments now we have ever seen. We’re proud to companion with Third Level Ventures and DTCP to proceed our mission in supporting the world’s largest and most consequential organizations to allow innovation securely.” Lately, Zenity researchers discovered that the typical giant enterprise has practically 80,000 AI brokers, apps, and automations which are constructed utilizing low-code improvement platforms, with over 62% containing some sort of safety vulnerability. Moreover, Zenity CTO and co-founder Michael Bargury offered analysis at Black Hat 2024 revealing how straightforward it’s for unhealthy actors to take management over enterprise copilots, similar to Microsoft 365 Copilot, all with out requiring a compromised account. What these themes have in widespread, is that enterprise customers of all technical backgrounds are on the forefront for enterprise productiveness. It additionally signifies that IT organizations are missing visibility, as AI brokers and functions are being constructed and used throughout the enterprise. These functions exist with an implicitly shared accountability mannequin, just like the cloud, and safety groups would not have visibility into what dangers exist. Zenity offers visibility, threat evaluation, and governance that safety groups want in an effort to totally harness AI brokers. Having gotten their begin because the pioneers within the low-code/no-code software safety area, Zenity is uniquely positioned with this newest spherical of funding to help enterprises as they proceed inserting extra energy by the hands of enterprise customers through Agentic AI workflows. As a community-oriented group, having led and co-sponsored initiatives just like the OWASP Prime 10 for Low-Code/No-Code Safety and the newly minted GenAI Assaults Matrix, Zenity is on the forefront of each safety analysis and product improvement to have the ability to proceed as a drive enabler to the world’s enterprises.
Sapir Harosh, Associate, Third Level Ventures, stated: “Within the quickly evolving realms of AI and low-code improvement, Zenity stands out as a primary mover devoted to securing enterprises from rising threats. We’re proud to put money into Zenity and work carefully with the workforce as they allow enterprises to harness highly effective instruments safely and drive transformative change. At Third Level Ventures, we’re looking out for visionary corporations like Zenity—these with deep connections to know-how and a daring mission to serve giant enterprises. We sit up for supporting their subsequent wave of progress as they proceed to innovate with developments in AI and low-code applied sciences.”
Dean Shahar, Head of Israel, DTCP, stated: “We’re extremely impressed with Zenity’s achievements and are thrilled to companion with them of their subsequent section of progress. It’s no secret that the race to safe AI is on, however Zenity is approach forward of the competitors, pushed by a powerful buyer base and over 3x YoY progress. Their research-driven and community-focused method, mixed with their experience in securing and understanding low-code environments, provides them a particular benefit in securing how enterprise customers function at the moment – one which’s already delivering actual worth to their clients. We’re excited concerning the alternative to work with Ben, Michael and their unimaginable workforce and sit up for a fruitful collaboration that drives innovation and success.”
About Zenity Zenity, the world’s first agent-less software safety platform for enterprise Copilots and Low-Code improvement, protects organizations from safety threats, helps meet compliance, and allows enterprise continuity. Established in 2021, most of the world’s main organizations belief Zenity to assist configure safety guardrails, generate prioritized lists of vulnerabilities, and precisely pinpoint and remediate vulnerabilities by repeatedly scanning business-led improvement platforms and offering centralized visibility, threat evaluation, and governance. Go to us at https://www.zenity.io for extra.
