Israel-based API security company Wib on Tuesday announced the launch of its product, as well as a $16 million funding round.
The company says its API security platform provides complete visibility and control. Its capabilities include automated inventory and change management, and the platform enables organizations to identify rogue and shadow APIs, and analyze business risk and impact.
Wib was founded in August 2021 by serial entrepreneur Gil Don (CEO), Ran Ohayon (CRO) and Tal Steinherz. The company’s headquarters are in Tel Aviv, Israel, but it also has offices in the United States and United Kingdom.
The funding round was led by Koch Disruptive Technologies (KDT), with participation from Kmehin Ventures, Venture Israel, Techstars and existing investors.
The investment will be used to enhance Wib’s API security platform and accelerate the company’s international growth.
Several API security companies have announced significant funding rounds over the past two years, including Noname Security ($60 million), Ghost Security ($15 million), Corsha ($12 million), Salt Security (over $250 million), 42Crunch ($17 million), Traceable ($60 million), Cequence ($60 million), Neosec Security ($20.7 million) and Pangea ($25 million).