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Israeli cybersecurity start-up Zero Networks has secured $20 million in a Series B funding round to bolster its recruitment efforts. The new funding will be used to onboard development, marketing, and sales staff to support its ongoing growth. The funds were raised from a round led by U.S. Venture Partners, with participation from other investors, including Venrock Associates, F2 Venture Capital, Pico Venture Partners, and Dmitri Alperovitch, the co-founder of cybersecurity firm CrowdStrike. To date, Zero Networks has raised a total of $45 million.
Launched in 2019, Zero Networks focuses on mitigating one of the most critical challenges in cybersecurity – preventing lateral movements in an organization’s network to stop data exfiltration or ransomware attacks. The firm critiques existing segmentation solutions as complex and lacking in comprehensive protection. Zero Networks offers a software-as-a-service (SaaS) solution that interprets network traffic and generates security guidelines restricting access to necessary resources only. Moreover, it executes multi-factor authentication for secure access to sensitive platforms, preventing hackers from laterally intruding into an organization.
The platform’s key features include the capacity to consolidate network solutions, thereby minimizing security tool footprints, simplifying security operations by reducing tactical activity, and enabling multi-factor authentication (MFA) across the network, even at hard-to-reach resources like legacy protocols and custom applications. Furthermore, the firm enables organizations to securely connect remote workers and third parties to their network, ensuring maximum network performance and adherence to zero-trust principles. The firm has achieved substantial growth and has clientele spanning U.S., Europe, and the Middle East, including retailers, telcos, investment banks, and manufacturing companies.
Dmitri Alperovitch noted in a statement that cybersecurity comprises two main markets, Endpoint Security and Network Security. Through Zero Networks, Alperovitch hopes to revolutionize the Network Security sector, which he deems ripe for disruption.
