TEL
AVIV, Israel, July 30,
2024 /PRNewswire/ -- Zenity, a leader in
securing enterprise copilots and low-code development, is excited
to announce a strategic investment led by M12, Microsoft's Venture
Fund.
Ben Kliger, Zenity CEO and
co-founder, stated, "We are excited to be partnering with
M12 to continue our mission of helping enterprises securely unleash
the use of AI copilots and low-code development. Partnering with
Microsoft is a strategic move for Zenity as Microsoft's global
reach, robust technology stack, and commitment to innovation align
perfectly with our vision. This investment allows us to leverage
Microsoft's resources to accelerate our growth and work closely on
a joint go-to-market strategy, enhancing the security and success
of our mutual customers."
As enterprises rush to adopt enterprise copilots and low-code
development platforms, such as Microsoft's own offerings of
Microsoft Copilot, Power Platform, Copilot Studio, and Fabric, it
is the first time that business users are at the forefront of, and
in control of, business application development. In fact, Gartner
estimates that by 2026, more than 80% of enterprises will have
deployed GenAI-enabled applications in production environments, and
also that by 2025, 70% of new applications developed by enterprises
will use low-code/no-code technology.
This tectonic market shift in enterprise means that most
application development is happening outside of IT. This means
applications are being developed without traditional safeguards;
namely IT involvement, software development lifecycle (SDLC), CI/CD
security tooling, and traditional AppSec tools that rely on code
scanning to spot vulnerabilities. This results in a tidal wave of
Shadow Application Development.
Zenity researchers have found upwards of 79,000 applications
being developed per organization using copilots and low-code
platforms. This research further found that over 60% of these
applications contain serious security vulnerabilities; be it
hard-coded secrets, untrusted guests gaining privileged access to
critical assets, over-exposing bots to the public internet, or apps
and copilots with poorly configured authentication mechanisms.
Zenity was founded in 2021 to bring application security
controls to business-led development happening across these
enterprise copilots and low-code development platforms. Zenity
currently helps many Fortune 500 enterprises to understand what
business users are building across their copilot and low-code
estate, identifying security vulnerabilities and development and
runtime, and helping to automatically remediate critical findings
at scale.
"M12 is committed to driving innovation, particularly through AI
and low-code development, which are key to enhancing innovation,
productivity, and efficiency. Our investment in Zenity underscores
the urgent need for security solutions as enterprise users
increasingly utilize developer-level capabilities to process data
at AI speeds, without existing safeguards for app security,"
said Jason McBride, Investment
Partner at M12. "Witnessing Zenity's impact within Microsoft
firsthand showcased the substantial benefits it provides to its
customers, solidifying our decision to deepen our partnership with
Zenity. This collaboration is pivotal as enterprises strive to
securely leverage enterprise copilots and low-code/no-code
platforms."
About Zenity
Zenity is the first platform designed to
help enterprises secure and govern copilots and low-code/no-code
development. The Zenity platform is built from the ground up with a
security-first approach centered on three pillars: Visibility, Risk
Assessment, and Governance. As the founding member of the OWASP Top
10 project specifically focused on low-code/no-code development,
Zenity takes a community-oriented approach to this rapidly evolving
security vector.
With SOC 2 Type 2 and GDPR compliance, Zenity's agent-less
platform is uniquely positioned to help enterprises truly know
their business apps, and helps organizations with:
- Application Security Posture Management
- AI Security Posture Management
- Vulnerability Management
- Software Composition Analysis
- Secrets Scanning
- And more!
For more information, visit us at https://www.zenity.io.
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SOURCE Zenity