Nokod Raises $8M Seed Round From Seasoned Cybersecurity Investors to Enhance Low-Code/No-Code App Security
TEL AVIV, Israel, June 29, 2023 /PRNewswire/ -- Nokod Security, a company developing security for low-code / no-code custom applications and Robotic Process Automation (RPA), announced its $8 million seed round, which will be used to establish a presence in the United States market, as well as to expand the R&D teams and support novel research of security vulnerabilities in the low-code/no-code domain. Funds were raised from Acrew Capital, Meron Capital and Flint Capital, firms with a successful track record of investing in top companies in the data protection, software verification and cybersecurity sectors like Exabeam, Mitiga, Laminar, Socure, and others.
- More so, Generative AI and ChatGPT-like tools, introduced just this past year, are set to hyper-accelerate low-code / no-code development.
- Although these platforms provide businesses fast application development with minimal complex coding using third-party toolkits, they are not covered by the application security stack.
- As a result, the applications and automations create a new attack surface as well as introduce the risk of compliance violations.
- Our product ensures 100% secure citizen development within enterprises,"— notes Yair Finzi, co-founder and СЕО of Nokod Security.