Zenity, a pioneering company in securing agentic AI, has recently made headlines by securing $38 million in Series B funding. This funding round was co-led by Third Point Ventures and DTCP, bringing the total capital raised by Zenity to over $55 million. The recent strategic investment by Microsoft’s venture arm M12, along with strong support from existing investors Intel Capital and Vertex Ventures, was pivotal in this achievement.
The primary goal of this funding is to expand Zenity’s team across various functions such as product development, engineering, sales, and marketing. Additionally, Zenity plans to launch a partner program aimed at enhancing the ecosystem of supporting enterprises globally as they embrace agentic workflows, including agentic AI, enterprise copilots, and applications built on low-code platforms. With over 51% of companies actively adopting AI for process automation, and a significant increase in the number of people using Copilot daily at work as reported by Microsoft, the demand for AI solutions is evident in the market.
However, despite the enthusiasm around AI adoption, a recent study by Salesforce revealed that only 11% of CIOs have fully implemented AI due to concerns surrounding security and data infrastructure. This funding round will further accelerate Zenity’s efforts to enable Fortune 500 enterprises to utilize AI apps and agents securely. This is crucial as Zenity’s current clients span industries such as financial services, technology, manufacturing, energy, and pharmaceuticals.
Ben Kliger, CEO, and co-founder of Zenity, emphasized the importance of robust and purpose-built solutions to manage the risks associated with leveraging AI tools effectively. Zenity’s focus on security is evident from their research findings that highlighted security vulnerabilities in AI agents, apps, and automations developed using low-code platforms. The company’s CTO and co-founder, Michael Bargury, presented research at Black Hat 2024, underscoring the ease with which bad actors can exploit enterprise copilots.
As business users of varying technical backgrounds drive productivity through AI applications, Zenity provides visibility, risk assessment, and governance that security teams require to harness AI agents effectively. Having established itself as a leader in the low-code/no-code application security space, Zenity is well-positioned to support enterprises as they empower business users with agentic AI workflows.
Sapir Harosh, Partner at Third Point Ventures, commended Zenity for its commitment to securing enterprises from emerging threats in the AI and low-code development landscape. Their investment in Zenity reflects their belief in the company’s potential to drive transformative change securely. Similarly, Dean Shahar, Head of Israel at DTCP, lauded Zenity’s research-driven approach and expertise in securing low-code environments, positioning the company ahead of the competition in the race to secure AI.
In conclusion, Zenity’s latest funding round signifies a significant milestone in the company’s journey to enable enterprises to leverage AI tools securely. With a focus on research, community-driven initiatives, and product development, Zenity is poised to continue serving as a valuable partner to the world’s enterprises in their quest for innovation and security. Visit Zenity’s website to learn more about their innovative solutions for enterprise application security.