Wib Raises $16 Million Investment to Accelerate Growth and Tackle Rising API Security Problem

Launches trade’s first holistic API safety platform to convey full visibility and management throughout the whole API ecosystem – from code to manufacturing

TEL AVIV, Israel, Nov. 8, 2022 /PRNewswire/ — Wib, the fast-growth cybersecurity startup pioneering a brand new period in API safety, right now introduced a $16 million funding led by Koch Disruptive Technologies (KDT), the expansion and enterprise arm of Koch Industries, Inc, with participation from Kmehin Ventures, Venture Israel, Techstars and present buyers. The funding might be used to improve Wib’s pioneering holistic API safety platform and speed up worldwide progress because it expands operations throughout the Americas, UK and EMEA.

API safety is likely one of the greatest challenges dealing with CIOs right now. Traditional API safety options are siloed and fragmented, leaving CIOs with a alternative of a number of level merchandise or bolt-on integrations to create a patchworked answer. This ends in elevated value and complexity, decreased visibility and management, and higher publicity to danger.

Wib’s holistic API safety platform is the one answer to present full visibility throughout the whole API panorama, from code to manufacturing, serving to unify software program builders, cyber defenders, and CIOs round a single holistic view of their full API area. By delivering rigorous real-time inspection, administration, and management at each stage of the API lifecycle, Wib can automate stock and API change administration; determine rogue, zombie and shadow APIs and analyse business danger and influence, serving to organisations to cut back and harden their API assault floor.

“APIs have become the Achilles heel of cyber defenses and the number one threat vector for cyber-attacks,” acknowledged Gil Don, CEO and Co-Founder of Wib. “APIs account for 91% of right now’s web site visitors with over 50% being invisible to business IT and safety groups. These unknown, unmanaged, and unsecured APIs are creating large blind spots for CIOs that expose vital business logic vulnerabilities and enhance danger.

“What’s more, traditional and legacy web security approaches, like WAFs and API Gateways, were never designed to protect against modern logic-based vulnerabilities. The Wib platform has been purposely built for an API driven world creating a new category of API native security.”

A current report by trade analysis agency GigaOm, positioned Wib as a “fast mover” within the “leaders” class, stating, “Wib is a new company but brings a strong enough offering to jump straight into the leaders category” and “Wib is a new entrant in this space, but it offers a comprehensive solution.” Wib was additionally referred to as out for its functionality in “source code analysis with an eye toward API weaknesses is Wib’s greatest strength.” The report ranks Wib’s API Runtime Protection, Monitoring and Reporting as distinctive in its focus and execution. This is an actual testomony to the Wib’s modern API safety platform and strategy.

About Wib

Wib is pioneering a brand new period in API safety with its trade first holistic API safety platform. Providing steady and full visibility and management throughout the whole API ecosystem, Wib allows builders to code with confidence and safety groups to safe with surety.

Wib’s elite crew of builders, attackers, defenders and seasoned cybersecurity professionals draw on real-world expertise and experience to assist outline and develop modern expertise options that allow clients with the identification, stock and integrity of each API, wherever it might be inside the improvement lifecycle, with out compromising improvement or stifling innovation.

Wib is Headquartered in Tel Aviv, Israel with worldwide presence in Houston, USA and London, UK. It was based in August 2021 by serial entrepreneur Gil Don (CEO), Ran Ohayon (CRO) and Tal Steinherz who beforehand served because the CTO of Israel’s nationwide cyber directorate.

Logo – https://mma.prnewswire.com/media/1938360/Wib_Logo.jpg

Wib US contact: 

Nazli Ekim 

Zonic Group 

[email protected] 

+44 (0)7384 220223 

+1 (917) 355-9650

Wib UK contact:

Mark Waite

Cohesive Communications

[email protected] 

+44 (0)7774 265444

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