Wib founders (company pic)
Wib, an Israeli cyber security startup working in API security, raised $16 million in investment led by Koch Disruptive Technologies (KDT), the growth and venture arm of Koch Industries, Inc.
Amazon explains that API stands for Application Programming Interface. In the context of APIs, the word Application refers to any software with a distinct function. Interface can be thought of as a contract of service between two applications. This contract defines how the two communicate with each other using requests and responses.
Founded in August 2021 by serial entrepreneur CEO Gil Don, CRO Ran Ohayon, and Tal Steinherz who previously served as the CTO of Israel’s national cyber directorate, Wib boasts that it offers the 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.
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Wib says that 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 patch worked solution. This results in increased cost and complexity, reduced visibility and control, and greater exposure to risk.
Wib’s says that by delivering rigorous real-time inspection, management, and control at every stage of the API lifecycle, the company’s tech can automate inventory and API change management; identify rogue, zombie and shadow APIs and analyze business risk and impact, helping organizations to reduce and harden their API attack surface.
Wib is headquartered in Tel Aviv, Israel with an international presence in Houston and London.
“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.”
