PR98637

TEL AVIV, Israel, November, 8, 2022, /PRNewswire=KYODO JBN/--

Wib(https://wib.com/), the fast-growth cybersecurity startup pioneering a new

era in API security, today announced a $16 million investment led by Koch

Disruptive Technologies (KDT)(https://kochdisruptivetechnologies.com/#20e20f2),

the growth and venture arm of Koch Industries, Inc, with participation from

Kmehin Ventures, Venture Israel, Techstars and existing investors. The

investment will be used to enhance Wib's pioneering holistic API security

platform and accelerate international growth as it expands operations across

the Americas, UK and EMEA.

API security is one of the biggest challenges facing CIOs today. Traditional

API security solutions are siloed and fragmented, leaving CIOs with a choice of

multiple point products or bolt-on integrations to create a patchworked

solution. This results in increased cost and complexity, reduced visibility and

control, and greater exposure to risk.

Wib's 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.

"APIs have become the Achilles heel of cyber defenses and the number one threat

vector for cyber-attacks," stated Gil Don, CEO and Co-Founder of Wib. "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."

A recent report by industry research firm GigaOm, placed Wib as a "fast mover"

in the "leaders" category, 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 also

called out for its capability 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 exceptional in its focus and execution.

This is a real testament to the Wib's innovative API security platform and

approach.

About Wib

Wib is pioneering a new era in API security with its industry first holistic

API security platform. Providing continuous and complete visibility and control

across the entire API ecosystem, Wib enables developers to code with confidence

and security teams to secure with surety.

Wib's elite team of developers, attackers, defenders and seasoned cybersecurity

professionals draw on real-world experience and expertise to help define and

develop innovative technology solutions that enable customers with the

identity, inventory and integrity of every API, wherever it may be within the

development lifecycle, without compromising development or stifling innovation.

Wib is Headquartered in Tel Aviv, Israel with international presence in

Houston, USA and London, UK. It was founded in August 2021 by serial

entrepreneur Gil Don (CEO), Ran Ohayon (CRO) and Tal Steinherz who previously

served as the CTO of Israel's national cyber directorate.

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

Wib US contact:

Nazli Ekim

Zonic Group

nekim@zonicgroup.com

+44 (0)7384 220223

+1 (917) 355-9650

Wib UK contact:

Mark Waite

Cohesive Communications

markw@wearecohesive.com

+44 (0)7774 265444

Source: Wib