Israeli cybersecurity startup Zero Networks, a number one supplier of zero belief identification and community safety options, raised $20 million in Collection B funding following a five-fold enhance in its income, bringing its complete raised capital to $45 million.
U.S. Enterprise Companions (USVP) led the spherical, with notable strategic investor Dmitri Alperovitch, co-founder and former Chief Expertise Officer of CrowdStrike, additionally taking part. Present buyers Venrock, CyberArk, F2 Capital, and Pico Enterprise Companions, additionally joined the spherical. The funds shall be utilized to recruit growth, advertising, and gross sales personnel, supporting Zero Networks’ hypergrowth.
Zero Networks was based in 2019, and is led by Benny Lakunishok, the CEO, and Amir Frankel, the CTO. The corporate is tackling some of the complicated issues in cybersecurity –
find out how to forestall attackers from transferring laterally inside the organizational community to exfiltrate information or launch ransomware assaults.
Present segmentation options that handle this drawback are notoriously complicated, labor intensive, and infrequently don’t present complete safety. In distinction, Zero Networks developed a totally automated SaaS platform that learns all community visitors and creates granular safety insurance policies that limit person and machine entry to solely strictly needed belongings. Accessing delicate protocols which can be typically utilized by attackers to maneuver laterally is enabled solely after customers bear multi-factor authentication.
As well as, Zero Networks allows organizations to securely join distant workers and third events to their community with zero belief rules and most community efficiency.
Zero Networks has a various roster of distinguished clients in the US, Europe, and the Center East, together with world business and funding banks, main US retailers, giant manufacturing firms, a world container transport firm, hospitals, regulation places of work, development, telecom, and public sector establishments.
Benny Lakunishok, CEO of Zero Networks, commented on the funding spherical, stating, “We now have considerably exceeded our personal progress expectations, and are thrilled to have acquired this funding from USVP that can enable us to scale our workforce earlier. It’s a testomony to our workforce’s exhausting work and distinctive dedication to our clients and companions. We’re honored to have such a distinguished record of safety leaders be a part of our journey.”
“There are solely two actually big markets in cybersecurity,” stated Dmitri Alperovitch, who participated within the funding spherical. “As co-founder of CrowdStrike, I’m privileged to have performed an element in disrupting considered one of them – Endpoint Safety. Now, I am excited to assist Zero Networks revolutionize the opposite big market that’s ripe for disruption – Community Safety.”
“USVP has a confirmed monitor file of investing in essentially the most profitable cybersecurity startups in Israel, and we’re thrilled that Zero Networks is the most recent addition to our portfolio,” stated Dafina Toncheva, Common Companion at USVP. “We see immense potential within the firm’s strategy to community safety – their spectacular progress this yr and the satisfaction of their clients underscore the impression they’re making within the cybersecurity panorama.”
Go to www.zeronetworks.com to study extra.