Zenity Secures $38 Million to Fortify Agentic AI Security
October 31, 2024, 3:52 am
In the fast-paced world of technology, securing artificial intelligence is like building a fortress around a treasure. Zenity, a Tel Aviv-based company, has just raised $38 million in Series B funding, pushing its total capital to $55 million. This investment, co-led by Third Point Ventures and DTCP, comes on the heels of a strategic boost from Microsoft’s venture arm, M12. The funds will be pivotal in expanding Zenity’s capabilities in securing agentic AI, a crucial area as businesses increasingly adopt AI-driven solutions.
Founded in 2021, Zenity has quickly positioned itself as a leader in application security for enterprise Copilots and low-code development. The company’s platform operates without agents, providing a robust shield against security threats while ensuring compliance and business continuity. It’s a lifeline for organizations navigating the complex waters of digital transformation.
As companies dive deeper into AI, the stakes are high. Forbes reports that over half of businesses are integrating AI for process automation. Yet, a paradox exists. While enthusiasm for AI is soaring, only 11% of CIOs claim full implementation. The primary hurdle? Security concerns. Zenity aims to bridge this gap, offering solutions that empower organizations to harness AI safely.
The funding will fuel growth across various sectors, including product development, engineering, sales, and marketing. Zenity plans to launch a partner program, expanding its ecosystem to support enterprises globally. This move is crucial as businesses increasingly adopt agentic workflows, which blend AI with low-code applications.
Zenity’s platform is not just a tool; it’s a strategic asset. It helps organizations configure security guardrails, generate prioritized vulnerability lists, and continuously scan for risks. In a landscape where the average large enterprise has nearly 80,000 AI agents and applications, the need for visibility and governance is paramount. Zenity’s technology provides that clarity, allowing security teams to manage risks effectively.
The urgency for robust security solutions is underscored by alarming statistics. Research indicates that over 62% of AI applications built on low-code platforms contain security vulnerabilities. This reality poses a significant threat, especially as bad actors become more sophisticated. Zenity’s co-founder and CTO, Michael Bargury, recently highlighted the ease with which malicious entities can exploit enterprise copilots, such as Microsoft 365 Copilot, without needing compromised accounts.
The implications are clear: as businesses empower users to create and deploy AI applications, the risk landscape expands. IT departments often lack visibility into these developments, leading to a shared responsibility model that can leave organizations exposed. Zenity’s platform addresses this challenge head-on, providing the necessary oversight and risk assessment tools.
The company’s commitment to security extends beyond its products. Zenity has been actively involved in community initiatives, co-sponsoring projects like the OWASP Top 10 for Low-Code/No-Code Security and the GenAI Attacks Matrix. This dedication to research and community engagement positions Zenity as a thought leader in the industry.
Investors are taking notice. Third Point Ventures and DTCP recognize Zenity’s potential to lead in the security of AI and low-code environments. Their backing is a testament to Zenity’s innovative approach and strong customer base. With over three times year-over-year growth, Zenity is not just keeping pace; it’s setting the standard.
The future of work is evolving. As AI and low-code tools become integral to business operations, the need for secure frameworks is more critical than ever. Zenity is at the forefront of this transformation, enabling enterprises to innovate while safeguarding their digital assets.
In a world where technology is both a boon and a bane, Zenity’s mission is clear: empower organizations to harness the power of AI without compromising security. The recent funding round is a significant step in that direction, providing the resources needed to expand their reach and enhance their offerings.
As Zenity embarks on this new chapter, the focus will be on scaling operations and refining their platform. The goal is to create a seamless experience for businesses, allowing them to leverage AI’s capabilities while maintaining robust security measures.
In conclusion, Zenity’s $38 million funding round is more than just a financial boost; it’s a signal of the growing importance of security in the age of AI. As enterprises navigate this complex landscape, Zenity stands ready to guide them, ensuring that innovation and security go hand in hand. The journey ahead is filled with challenges, but with the right tools and strategies, organizations can thrive in this new era of technology.
Founded in 2021, Zenity has quickly positioned itself as a leader in application security for enterprise Copilots and low-code development. The company’s platform operates without agents, providing a robust shield against security threats while ensuring compliance and business continuity. It’s a lifeline for organizations navigating the complex waters of digital transformation.
As companies dive deeper into AI, the stakes are high. Forbes reports that over half of businesses are integrating AI for process automation. Yet, a paradox exists. While enthusiasm for AI is soaring, only 11% of CIOs claim full implementation. The primary hurdle? Security concerns. Zenity aims to bridge this gap, offering solutions that empower organizations to harness AI safely.
The funding will fuel growth across various sectors, including product development, engineering, sales, and marketing. Zenity plans to launch a partner program, expanding its ecosystem to support enterprises globally. This move is crucial as businesses increasingly adopt agentic workflows, which blend AI with low-code applications.
Zenity’s platform is not just a tool; it’s a strategic asset. It helps organizations configure security guardrails, generate prioritized vulnerability lists, and continuously scan for risks. In a landscape where the average large enterprise has nearly 80,000 AI agents and applications, the need for visibility and governance is paramount. Zenity’s technology provides that clarity, allowing security teams to manage risks effectively.
The urgency for robust security solutions is underscored by alarming statistics. Research indicates that over 62% of AI applications built on low-code platforms contain security vulnerabilities. This reality poses a significant threat, especially as bad actors become more sophisticated. Zenity’s co-founder and CTO, Michael Bargury, recently highlighted the ease with which malicious entities can exploit enterprise copilots, such as Microsoft 365 Copilot, without needing compromised accounts.
The implications are clear: as businesses empower users to create and deploy AI applications, the risk landscape expands. IT departments often lack visibility into these developments, leading to a shared responsibility model that can leave organizations exposed. Zenity’s platform addresses this challenge head-on, providing the necessary oversight and risk assessment tools.
The company’s commitment to security extends beyond its products. Zenity has been actively involved in community initiatives, co-sponsoring projects like the OWASP Top 10 for Low-Code/No-Code Security and the GenAI Attacks Matrix. This dedication to research and community engagement positions Zenity as a thought leader in the industry.
Investors are taking notice. Third Point Ventures and DTCP recognize Zenity’s potential to lead in the security of AI and low-code environments. Their backing is a testament to Zenity’s innovative approach and strong customer base. With over three times year-over-year growth, Zenity is not just keeping pace; it’s setting the standard.
The future of work is evolving. As AI and low-code tools become integral to business operations, the need for secure frameworks is more critical than ever. Zenity is at the forefront of this transformation, enabling enterprises to innovate while safeguarding their digital assets.
In a world where technology is both a boon and a bane, Zenity’s mission is clear: empower organizations to harness the power of AI without compromising security. The recent funding round is a significant step in that direction, providing the resources needed to expand their reach and enhance their offerings.
As Zenity embarks on this new chapter, the focus will be on scaling operations and refining their platform. The goal is to create a seamless experience for businesses, allowing them to leverage AI’s capabilities while maintaining robust security measures.
In conclusion, Zenity’s $38 million funding round is more than just a financial boost; it’s a signal of the growing importance of security in the age of AI. As enterprises navigate this complex landscape, Zenity stands ready to guide them, ensuring that innovation and security go hand in hand. The journey ahead is filled with challenges, but with the right tools and strategies, organizations can thrive in this new era of technology.