Nokod Security: $8M to revolutionize low-code/no-code app security
With the aim of consolidating its presence in the US market, the start-up aims to integrate security into low-code/no-code applications, revolutionizing the cybersecurity sector
Nokod Security said it has raised $8 million in a seed funding round, intended to establish its presence in the US market. The funds will also be used to expand research and development teams, as well as support new research on security vulnerabilities in the low-code/no-code sector.
Supporters and founders of Nokod Security
Funds were sourced from Acrew Capital, Meron Capital and Flint Capital, companies with a proven track record of investing in leading data protection, software verification and cybersecurity companies such as Exabeam, Mitiga, Laminar, Socure and others. Nokod's founders, Yair Finzi, a former department head of an Israeli military cyber security unit, and Amichai Shulman, a cybersecurity researcher, consultant and investor, identified the security gap early on for low-code/no -tails.
Security solution from Nokod Security
The Nokod Platform enables enterprises to manage the cybersecurity and compliance risks arising from their custom low-code/no-code and RPA applications, integrating security into the application lifecycle. This gives the security team a comprehensive view of the application inventory, identifies security issues and vulnerabilities, and offers the organization personalized self-remediation, effectively accelerating their digital transformation. The firm is currently in talks with several Fortune 500 companies.
Opinions of investment partners
Mark Kraynak, founding partner of Acrew Capital, emphasizes the importance of security in the low-code/no-code application domain, stating that the shared security model is only effective up to a point. At the same time, Liron Azrielant of Meron Capital points out that the growing adoption of AI tools in the business world will further accelerate the low-code / no-code development, making the solution proposed by Nokod essential. Sergey Gribov, partner at Flint Capital, underlines the trust placed in the extensive experience of the founders of Nokod in the field of web application security.
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