Agentic AI Zenity (see Pulse 2.0 profile here) announced they received $38 million in Series B funding co-led by Third Point Ventures and DTCP, raising the total to over $55 million. This follows the recent strategic investment by Microsoft’s venture arm M12, which received strong support from existing investors Intel Capital and Vertex Ventures.
These funds will be used to grow the team across product, engineering, sales, and marketing and launch a partner program to expand the ecosystem of supporting enterprises globally as they adopt agentic workflows, including agentic AI, enterprise copilots, and applications built on low-code platforms.
This funding round will further accelerate and expand Zenity’s ability to enable the use of AI apps and agents among Fortune 500 enterprises, including current Zenity customers in the financial services, technology, manufacturing, energy, and pharmaceutical industries.
Zenity’s researchers recently found that the average large enterprise has nearly 80,000 AI agents, apps, and automation built using low-code development platforms, with over 62% containing some security vulnerability. And Zenity CTO and co-founder Michael Bargury presented research at Black Hat 2024, revealing how easy it is for hackers to take control over enterprise copilots like Microsoft 365 Copilot, all without requiring a compromised account.
This has in common that business users of all technical backgrounds are at the forefront of business productivity. It also means that IT organizations lack visibility as AI agents and applications are being built and used across the enterprise. These applications have an implicitly shared responsibility model, similar to the cloud, and security teams do not know what risks exist.
Zenity offers visibility, risk assessment, and governance, which security teams need to harness AI agents fully. Having started as the pioneer in the low-code/no-code application security space, Zenity is positioned with this latest round of funding to support enterprises as they continue placing more power in the hands of business users via Agentic AI workflows.
As a community-oriented organization—having led and co-sponsored initiatives like the OWASP Top 10 for Low-Code/No-Code Security and the newly minted GenAI Attacks Matrix—Zenity is at the forefront of security research and product development, enabling it to continue as a force enabler for the world’s enterprises.
KEY QUOTES:
“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.”
-Ben Kliger, Zenity’s CEO and co-founder
“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.”
-Sapir Harosh, Partner, Third Point Ventures
“We are incredibly impressed with Zenity’s achievements and are thrilled to partner with them in their next phase of growth. It’s no secret that the race to secure AI is on, but Zenity is way ahead of the competition, driven by a strong customer base and over 3x YoY growth. Their research-driven and community-focused approach, combined with their expertise in securing and understanding low-code environments, gives them a distinctive advantage in securing how business users operate today – one that’s already delivering real value to their customers. We’re excited about the opportunity to work with Ben, Michael and their incredible team and look forward to a fruitful collaboration that drives innovation and success.”
-Dean Shahar, Head of Israel, DTCP
