Israeli tech startup Zenity lands $38M Series B funding to safeguard AI copilots against cyber threats

Zenity, an Israeli security governance platform Zenity for securing low-code/no-code applications, has raised a $38 million Series B funding round to protect AI copilots against cyber threats. The round was co-led by Third Point Ventures and DTCP, with continued support from existing investors Intel Capital and Vertex Ventures.

This investment builds on a recent strategic backing from Microsoft’s M12, bringing Zenity’s total capital raised to over $55 million. The announcement also follows the $16.5 million funding Zenith raised last year from Intel Capital aimed at enhancing security for low-code/no-code platforms.

Zenity plans to leverage this new capital to grow its product, engineering, sales, and marketing teams, as well as to launch a partner program that will help expand the ecosystem for global enterprises adopting agentic workflows, AI copilots, and low-code-based applications.

Founded in 2021 by Ben Kliger (CEO) and Michael Bargury, both former Microsoft cloud security team members, Zenity claims to be the first dedicated platform for low-code/no-code security. The founders observed the security and governance challenges organizations faced as citizen developers created applications and automated workflows, often leaving vulnerabilities.

While low-code/no-code platforms enable businesses to build tools and improve efficiency, they also bring new risks, as less technical users may inadvertently create apps that expose data or other assets to security threats. Integrating Generative AI further complicates the security landscape for organizations.

Zenity’s platform provides continuous oversight, risk assessment, and security for applications, automation, and workflows developed on low-code/no-code platforms. Security teams can use the platform to establish automated safeguards and apply risk management policies through customizable playbooks.

According to Forbes, over 51% of companies are now actively adopting AI for process automation, and Microsoft has reported that daily use of its Copilot AI tools has nearly doubled quarter-over-quarter. However, Salesforce found that only 11% of CIOs report fully implemented AI, with security and data infrastructure as top challenges. Zenity’s latest funding aims to help companies overcome these barriers, empowering Fortune 500 enterprises in sectors such as finance, tech, manufacturing, energy, and pharmaceuticals to securely deploy AI-driven solutions.

“The future of work is now. For the first time, large enterprises are on the cutting edge by placing the power of AI and low-code at all users’ fingertips, meaning anyone can now use and build AI agents and business applications to get more done. As such, security teams need robust and purpose-built solutions to properly manage the risks that come when utilizing the most powerful tools we have ever seen. We are proud to partner with Third Point Ventures and DTCP to continue our mission in supporting the world’s largest and most consequential organizations to enable innovation securely,” Kliger said. 

Recent Zenity research revealed that the average large enterprise has around 80,000 AI agents, apps, and automation created using low-code platforms, with over 62% carrying some form of security vulnerability. Zenity CTO Michael Bargury recently presented findings at Black Hat 2024, highlighting how attackers could exploit enterprise copilots, like Microsoft 365 Copilot, without needing compromised accounts. The increasing use of low-code AI tools by non-technical business users has introduced significant visibility gaps for IT and security teams.

Zenity’s platform delivers critical visibility, risk assessment, and governance capabilities for securely managing AI agents. As an early leader in low-code/no-code security, Zenity has also contributed significantly to the field through initiatives such as the OWASP Top 10 for Low-Code/No-Code Security and the GenAI Attacks Matrix.

Commenting on the funding, Sapir Harosh, Partner at Third Point Ventures, said, “In the rapidly evolving realms of AI and low-code development, Zenity stands out as a first mover dedicated to securing enterprises from emerging threats. We are proud to invest in Zenity and work closely with the team as they enable enterprises to harness powerful tools safely and drive transformative change. At Third Point Ventures, we are on the lookout for visionary companies like Zenity—those with deep connections to technology and a bold mission to serve large enterprises. We look forward to supporting their next wave of growth as they continue to innovate with advancements in AI and low-code technologies.”

Zenity Founders