Zenity Company Profile

Background

Overview

Zenity, established in 2021, is a pioneering cybersecurity firm specializing in securing agentic AI and low-code/no-code (LCNC) development platforms. The company's mission is to empower organizations to harness the full potential of AI agents and LCNC applications securely, ensuring business productivity without compromising security. Zenity's vision is to be the leading provider of security solutions for AI-driven enterprise applications, enabling innovation while maintaining robust security and compliance standards.

Industry Significance

As enterprises increasingly adopt AI agents and LCNC platforms to accelerate digital transformation, the need for specialized security solutions has become paramount. Zenity addresses this critical gap by offering comprehensive security and governance tools tailored for these modern development environments, positioning itself as a key player in the evolving cybersecurity landscape.

Key Strategic Focus

Core Objectives

• Security for AI Agents and LCNC Applications: Providing visibility, risk assessment, and governance to secure AI agents and applications developed using LCNC platforms.

• Enabling Secure Innovation: Allowing business users of all technical backgrounds to build and use AI agents and applications with adaptive security guardrails and threat detection capabilities.

Areas of Specialization

• Agentic AI Security: Focusing on securing AI agents that interact autonomously with enterprise systems and data.

• LCNC Development Security: Ensuring the security of applications and automations built using LCNC platforms by both professional and citizen developers.

Key Technologies Utilized

• AI Security Posture Management (AISPM): Providing continuous, real-time visibility and risk assessment of AI agents and applications.

• AI Detection and Response (AIDR): Implementing detection and response mechanisms to identify and mitigate threats in AI-driven applications.

Primary Markets Targeted

• Enterprise Sector: Serving Fortune 500 companies across various industries, including financial services, technology, manufacturing, energy, and pharmaceuticals.

• Government Sector: Expanding into the U.S. federal government market by developing deployment options tailored to highly regulated environments.

Financials and Funding

Funding History

• Seed Round (November 2021): Raised $5 million led by Vertex Ventures and UpWest.

• Series A (September 2023): Secured $16.5 million led by Intel Capital.

• Series B (October 2024): Obtained $38 million co-led by Third Point Ventures and DTCP, bringing total capital raised to over $55 million.

Notable Investors

• Third Point Ventures: Co-led Series B funding.

• DTCP: Co-led Series B funding.

• Intel Capital: Led Series A funding.

• M12 (Microsoft's Venture Arm): Provided strategic investment in July 2024.

Utilization of Capital

The funds are allocated to expanding the team across product, engineering, sales, and marketing, as well as launching a partner program to support enterprises globally in adopting agentic workflows, including AI agents, enterprise copilots, and applications built on LCNC platforms.

Technological Platform and Innovation

Proprietary Technologies

• Zenity Platform: An agentless SaaS solution providing continuous, real-time visibility, risk assessment, and governance for AI agents and LCNC applications.

Significant Scientific Methods

• AI Security Posture Management (AISPM): Offers deep visibility and actionable insights to secure custom-built and enterprise AI agents.

• AI Detection and Response (AIDR): Implements detection and response mechanisms to identify and mitigate threats in AI-driven applications.

Leadership Team

• Ben Kliger: Co-Founder & CEO.

• Michael Bargury: Co-Founder & CTO.

• Keren Herscovici: VP of Finance and Corporate Development.

• Cinthia Portugal: VP of Global Marketing.

• Jack Farrell: VP of Sales.

• Paul St Vil: VP Field Engineering.

• Harrison Johnson: VP Partners & Alliances.

• Ronen Yaari: VP Engineering.

• Shay Gadidi: VP Product Management.

• Inbar Raz: VP of Research.

Competitor Profile

Market Insights and Dynamics

The low-code/no-code development market was valued at $13.2 billion in 2021 and is projected to grow to $45.5 billion by 2025. The cybersecurity component of this market is significant, operating alongside its growth. The rise and adoption of Generative AI, specifically AI copilots, are expected to further expand this market.

Competitor Analysis

• Cisco: Established in 1984, Cisco commands approximately 18% of the cybersecurity market as of 2023.

• Palo Alto Networks: Offers over 150 different security tools, providing comprehensive solutions across IT infrastructures.

Zenity, founded in 2021, is still establishing its brand presence in a competitive landscape populated by these established companies. As a startup, Zenity has financial constraints compared to larger firms boasting resources exceeding $1 billion. However, Zenity differentiates itself by focusing specifically on securing AI agents and LCNC applications, a niche that is becoming increasingly critical as enterprises adopt these technologies.

Strategic Collaborations and Partnerships

• Microsoft: Received a strategic investment from M12, Microsoft's venture arm, in July 2024, enhancing collaboration on securing AI agents and LCNC applications.

• Intel Capital: Led Series A funding, providing strategic support in