Israeli cybersecurity startup Zero Networks, a leading provider of zero trust identity and network security solutions, raised $20 million in Series B funding following a five-fold increase in its revenue, bringing its total raised capital to $45 million.
U.S. Venture Partners led the round, with notable strategic investor Dmitri Alperovitch, co-founder and former Chief Technology Officer of CrowdStrike, also participating.
Existing investors Venrock, CyberArk, F2 Capital, and Pico Venture Partners, also joined the round.
The funds will be utilized to recruit development, marketing, and sales personnel, supporting Zero Networks' hypergrowth.
Zero Networks was founded in 2019, and is led by Benny Lakunishok, the CEO, and Amir Frankel, the CTO. The company is tackling one of the most complex problems in cybersecurity - how to prevent attackers from moving laterally within the organizational network to exfiltrate data or launch ransomware attacks.
Existing segmentation solutions that address this problem are notoriously complex, labor intensive, and often do not provide comprehensive protection.
In contrast, Zero Networks developed a fully automated SaaS platform that learns all network traffic and creates granular security policies that restrict user and machine access to only strictly necessary assets.
Accessing sensitive protocols that are often used by attackers to move laterally is enabled only after users undergo multi-factor authentication.
Zero Networks enables organizations to securely connect remote employees and third parties to their network with zero trust principles and maximum network performance.
Zero Networks has a diverse roster of prominent customers in the United States, Europe, and the Middle East, including global commercial and investment banks, major US retailers, large manufacturing corporations, a global container shipping company, hospitals, law offices, construction, telecom, and public sector institutions.
This Cyber News was published on www.darkreading.com. Publication date: Mon, 18 Dec 2023 22:30:17 +0000