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Application Security

Nokod Snags $8M to Secure Low Code/No-Code Custom Apps

Tel Aviv startup scores investment to build technology to secure in-house low-code/no-code custom applications.

An Israeli company called Nokod Security has raised $8 million in early stage capital to work on technology to secure low-code and no-code custom applications.

Based in Tel Aviv, Nokod banked seed-stage investments Acrew Capital, Meron Capital and Flint Capital and announced plans to establish a beachhead in the U.S. market.

The company and its investors are betting that enterprise adoption of low-code or no-code platforms like Microsoft PowerApps or ServiceNow will create a market for tools to reduce attack surfaces.

Low-code or no-code are methods of creating apps using intuitive drag-and-drop tools that reduce or eliminate the need for traditional coders. Now, with the popularity of generative AI and ChatGPT-like tools, Nokod notes that the use of these tools are not covered by the application security stack. 

The company said its software provides a comprehensive view of an organization’s application inventory and helps to pinpoint security issues and vulnerabilities for remediation.

Nokod is the brainchild of former Imperva co-founder and CTO Amichai Shulman and Yair Finzi, former co-founder of SecuredTouch (acquired by Ping Identity).

Related: The Security Implications of Low Code/No Code Development

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Related: Low Code/No Code App Security Firm Zenity Emerges From Stealth

Related: Google Introduces Framework for Secure AI Development

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

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