Low-code platform Zenity secures $ 5 million in funding
Zenity exited stealth mode with a $ 5 million funding round, led by Vertex Ventures and UpWest, and backed by senior executives such as former Google CISO Gerhard Eschelbeck and former CIO of SuccessFactors, Tom Fisher. With Zenity, companies can promote citizen development and adopt Low-Code / No-Code platforms while avoiding the exfiltration of critical data or the interruption of business continuity.
Led by Vertex Ventures and UpWest, low code platform Zenity has secured $ 5 million in funding
Today’s digital revolution is powered by platforms that democratize application development and enable rapid, quality deliverables. Traditionally, IT and development teams have developed applications. Now teams are using Low-Code / No-Code platforms like Salesforce, Microsoft Power Platform, and others to develop apps in minutes. With this new employee independence, CIOs, CISOs and relevant stakeholders seek to ensure that business units and citizen developers are free to improve their productivity without compromising security. Without governance and security practices, organizations are unintentionally vulnerable to the exfiltration of sensitive data or the organization’s exposure to breaches and ransomware attacks.
âCompanies are massively adopting Low-Code / No-Code, without realizing the risks it entails or their role in the shared responsibility model. , disruption of business continuity, compliance risks or malicious breaches, âsaid Ben Kliger, co-founder and CEO of Zenity.
To ensure the governance and security of these applications, teams must assess the business logic, security configuration, permissions model, and data flows. Already working with Fortune 500 companies using their platform, Zenity continually scans every application component for security policy violations. This can include vulnerabilities, such as risky third-party components and threats of exfiltration and manipulation, including supply chain attacks.
âThe challenge is to mitigate the security risks and threats associated with Low-Code / No-Code solutions without disrupting the business. Zenity offers the perfect combination of governance and security tools with a pro-business approach that helps enterprise developers build with confidence. Said Tom Fisher, Zenity Advisor and Former CIO of Oracle, Qualcomm, CTO of eBay.
Ben Kliger and Michael Bargury worked at Microsoft within the Azure and cloud security teams. Michael Bargury, co-founder and CTO of the company, said: âWeak code brings huge returns on investment for Fortune 500 companies by democratizing application development and aligning development with the business. However, it also bypasses existing security approaches, making it easier to store sensitive CRM data on personal accounts, share credentials, and execute arbitrary code, allowing attackers to remain hidden while maintaining full control. “
These funds will allow them to expand their R&D, product, marketing and customer acquisition activities while enabling businesses to experience unprecedented growth, made available by today’s digital revolution.
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