Nokod Security, a Tel Aviv-based startup focused on securing low-code/no-code custom applications and Robotic Process Automation (RPA), has raised $8 million in a seed funding round from investors including Acrew Capital, Meron Capital, and Flint Capital.
The adoption of low-code/no-code and RPA platforms is anticipated to cover 65% of the IT market by 2024, creating a new attack surface and introducing risk of compliance violations. Nokod Security aims to address this gap by providing businesses with a platform to manage cybersecurity and compliance risks arising from their custom applications and RPAs, and is currently in discussions with several Fortune 500 companies.
The funding will be utilized to establish a presence in the United States, expand the R&D teams, and conduct novel research into security vulnerabilities in the low-code/no-code domain.
Nokod joins Israeli competitors securing no-code, low-code and 3rd-party apps like Zenity and Astrix Security.
