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Nokod Security Raises $8 Million in Seed Funding Round to Expand Application Security Platform

Nokod Security Raises $8 Million in Seed Funding Round to Expand Application Security Platform

July 10, 2023

Tel Aviv, Israel - Nokod Security, a leading provider of application security solutions for low-code / no-code custom applications and Robotic Process Automation (RPA), announced today that it has successfully raised $8,000,000 in its recent seed funding round. The investment was led by Acrew Capital, Meron Capital, and Flint Capital.

Nokod Security has emerged as a key player in the rapidly evolving field of computer and network security. With the proliferation of low-code / no-code tools in the market, including Microsoft PowerApps, Outsystems, UiPath, ServiceNow, Salesforce, and others, organizations have embraced these technologies for their agility and ease of use. However, they have also faced significant challenges related to application vulnerabilities, malicious activities, and non-compliant deployments.

The Nokod platform addresses these critical security concerns by offering a comprehensive solution. It leverages advanced technology to discover low-code / no-code applications within large organizations, identifies security issues, detects vulnerabilities, and provides automated remediation. By combining robust security measures with user-friendly features, Nokod Security empowers organizations to confidently deploy and manage their custom applications and RPA systems while mitigating potential risks.

Yair Finzi, Co-Founder of Nokod Security, expressed his gratitude to the investors and shared his excitement about the company's future prospects. "We are thrilled to have the support of Acrew Capital, Meron Capital, and Flint Capital in our mission to provide cutting-edge application security solutions," said Finzi. "This funding will enable us to further strengthen our platform, enhance our capabilities, and reach a wider audience of organizations in need of robust security measures for their low-code / no-code applications and RPA systems."

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