Wib, a cybersecurity firm focused on API security, has landed $16m in a funding round led by Koch Disruptive Technologies.
Also participating in the round was Venture Israel, Techstars, Kmehin Ventures and a number of other existing investors.
Wib claims its holistic API security platform is the only solution to provide complete visibility across the entire API landscape, from code to production, helping unify software developers, cyber defenders and CIOs around a single holistic view of their complete API domain.
By delivering rigorous real-time inspection, management, and control at every stage of the API lifecycle, Wib can automate inventory and API change management; identify rogue, zombie and shadow APIs and analyse business risk and impact, helping organisations to reduce and harden their API attack surface.
Wib claims the investment will be used toenhance Wib’s pioneering holistic API security platform and accelerate international growth as it expands operations across the Americas, UK and EMEA.
Wib CEO and co-founder Gil Don said, “APIs have become the Achilles heel of cyber defenses and the number one threat vector for cyber-attacks. APIs account for 91% of today’s internet traffic with over 50% being invisible to business IT and security teams. These unknown, unmanaged, and unsecured APIs are creating massive blind spots for CIOs that expose critical business logic vulnerabilities and increase risk.
“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.”
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Copyright © 2018 RegTech Analyst