binarypublishIsraeli cybersecurity firm, Zero Networks, has secured $20 million in funding to boost its workforce and support ongoing growth. The start-up, established in 2019, develops a software-as-a-service solution aimed at preventing cyber-attacks that shift laterally within an organization to extract data or initiate ransomware attacks.
- Zero Networks offers a solution that differs from existing segmentation methods, which the company claims are laborious and lack comprehensive protection.
- The software learns network traffic and crafts security policies that limit user and machine access to necessary assets only.
- Notable capabilities include reducing security tools footprints by combining network solutions and deploying multi-factor authentication (MFA) everyplace, including hard-to-reach resources such as custom applications and legacy protocols.
- In addition, Zero Networks enables organizations to connect remote employees and third parties to their network securely using zero trust principles while ensuring maximum network performance.
The start-up has demonstrated robust growth, securing clients across the U.S., Europe, and the Middle East, including law officers, telcos, retailers, investment banks, hospitals, and even a global container shipping firm.
The Series B funding round was led by U.S. Venture Partners Inc., with contributions from Dmitri Alperovitch, the co-founder and former CTO of CrowdStrike Holdings Inc., Venrock Associates L.P, F2 Venture Capital LP, and Pico Venture Partners LLC. Alperovitch expressed his excitement in aiding Zero Networks in revolutionizing network security, which he perceives as ripe for disruption.
To date, Zero Networks has raised $45 million in funding.
