Cyber security startup Wib, which develops an API security platform, has been acquired by US cyber giant F5. The companies have not disclosed the acquisition amount, but it is estimated to be in the tens of millions of dollars.
As AI increases the volume of apps and APIs, it increases the critical security challenges that enterprises must solve. Securing these API connections and the data that runs through them is a key security challenge that companies must face as they further deploy AI-enabled services.
F5, which has a market capitalization of approximately $11 billion on the Nasdaq market, will add Wib functionality to its distributed cloud service, enabling vulnerability detection and observability in the application development process and ensuring APIs are in production. Ensure risks are identified and policies are implemented before entering the environment.
Wib's API security platform provides complete visibility across your entire API landscape, from code to production. By providing real-time inspection, management, and control at every stage of the API lifecycle, Wib can automate inventory and API change management. Identify rogue, zombie, and shadow APIs and analyze business risk and impact.
Wib raised $16 million in investment in November 2022, led by Koch Disruptive Technologies (KDT), the growth and venture arm of Koch Industries, with participation from Kmehin Ventures, Venture Israel, Techstars, and existing investors. did.
Wib is headquartered in Tel Aviv with international offices in Houston and London. The company was founded in August 2021 by serial entrepreneurs Gildon (CEO), Ran Ohayon (CRO), and Tal Steinhertz, who previously served as CTO of Israel's National Cyber Directorate.
Wib employees have joined F5 headquarters in Israel. This is F5's fifth acquisition in Israel, following Versafe, which provides anti-web fraud, anti-phishing, and anti-malware solutions, Trafficx Systems, which provides load management solutions, MagniFire Websystems, and Crescendo Networks.
Wib was represented in the deal by Advs. Yoav Etzion and Assaf Baruch of Amit, Pollak, Matalon & Co.