October 30, 2024 at 03:49PM
Zenity, a leader in securing agentic AI, has raised $38 million in Series B funding, bringing total capital to over $55 million. This investment will enhance their team and expand global partnerships, addressing security concerns in AI and low-code applications as enterprises increasingly adopt these technologies.
### Meeting Takeaways
**Funding Announcement**
– Zenity has secured $38 million in Series B funding, co-led by Third Point Ventures and DTCP, bringing total funding to over $55 million.
– Previous investment from Microsoft’s venture arm M12, with continued support from Intel Capital and Vertex Ventures.
**Hiring and Growth Plans**
– Funding will be utilized to expand team across product, engineering, sales, and marketing.
– Launch of a new partner program to enhance global enterprise ecosystem adopting agentic AI workflows.
**Market Context**
– Forbes reports that over 51% of companies are now adopting AI for process automation.
– Microsoft observed a nearly doubled daily usage of Copilot in enterprises.
– A Salesforce report indicates only 11% of CIOs have fully implemented AI, primarily due to security and data infrastructure concerns.
**Zenity’s Role and Challenges Addressed**
– Zenity aims to aid Fortune 500 enterprises in utilizing AI safely amid security vulnerabilities.
– Research shows that large enterprises have nearly 80,000 AI agents and automations, with over 62% having security vulnerabilities.
– Zenity offers visibility, risk assessment, and governance to manage risks associated with AI applications, positioning themselves as pioneers in the low-code/no-code application security space.
**Leadership Commentary**
– **Ben Kliger, CEO** emphasizes the importance of empowering business users with AI tools while also enhancing security measures.
– **Sapir Harosh, Third Point Ventures Partner**, praises Zenity as a leader in securing enterprises against emerging AI threats.
– **Dean Shahar, DTCP**, commends Zenity’s significant customer base and strong growth, highlighting their unique expertise in securing low-code environments.
**Company Overview**
– Zenity is positioned as the first agent-less application security platform tailored for enterprise copilots and low-code development.
– Founded in 2021, Zenity is trusted by leading organizations to provide security guardrails, prioritize vulnerabilities, and maintain continuous visibility and governance.
**Next Steps**
– Monitor Zenity’s implementation of new hiring and growth initiatives.
– Explore potential collaborations through their upcoming partner program.
– Stay updated on trends and research developments in AI security as Zenity continues to innovate.