Wib Security
API Security Platform
Company Overview
Snapshot
Founded in March 2018 by Gil Don, Dr. Tal Steinherz, Mirit Kagarlitsky, and Yuval Boger, Wib Security operates with 51–200 employees. The company raised $16 million across one funding round from 5 investors, with Koch Disruptive Technologies as a lead investor. In February 2024, Wib Security was acquired by F5 Networks, marking a significant exit for the API security platform.
Business overview
Wib Security specializes in pioneering API security through its holistic platform, offering continuous and complete visibility and control across the entire API ecosystem. The company's technology helps developers code with confidence and security teams secure APIs throughout the development lifecycle without compromising development or stifling innovation. Wib Security operates within the Cyber Security sector, focusing on application and website security, and serves global markets with a B2B business model.
Strategic signal
The acquisition of Wib Security by F5 Networks in February 2024 for tens of millions of dollars signals a strong market demand for advanced API security solutions. This strategic move by F5 Networks indicates a consolidation trend in the cybersecurity space, where established players are integrating innovative API security platforms to enhance their offerings and address the growing vulnerabilities associated with API-driven applications. For investors, this highlights the significant value placed on comprehensive API security technologies and the potential for exits in this specialized cybersecurity niche.
Company Intelligence Q&A
- When was Wib Security founded?
- Wib Security was founded in March 2018.
- Who are the founders of Wib Security?
- The co-founders of Wib Security are Gil Don, Dr. Tal Steinherz, Mirit Kagarlitsky, and Yuval Boger.
- What was a significant corporate event for Wib Security in early 2024?
- In February 2024, Wib Security was acquired by F5 Networks for tens of millions of dollars, leading to its inactive status.
- How much funding did Wib Security raise and from whom?
- Wib Security raised $16 million in November 2022. The funding round included investment from Koch Disruptive Technologies and VentureIsrael.
- What is Wib Security's primary focus?
- Wib Security focuses on pioneering API security with its holistic API security platform, providing continuous visibility and control across the API ecosystem.