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, a fast-growth cybersecurity startup is pioneering a new era in API security. The company announced late last year they had a $16 million investment led by Koch Disruptive Technologies (KDT), 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.
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.
We speak with VP of Product Gil Shulman.