December 13, 2023 at 08:30AM
Zero Networks, a zero trust identity and network security solutions provider, has secured $20 million in a Series B funding round, bringing the total raised to $45 million. US Venture Partners led the investment with contributions from CyberArk, F2 Capital, Pico Venture Partners, Venrock, and angel investors. The Israeli startup aims to enhance security by providing an automated SaaS platform and plans to expand its teams with the raised funds.
From the meeting notes, it is clear that Zero Networks has successfully raised $20 million in a Series B funding round, with significant contributions from US Venture Partners, CyberArk, F2 Capital, Pico Venture Partners, Venrock, and angel investors. The Israeli startup, founded in 2019, provides zero trust identity and network security solutions aimed at helping organizations prevent data exfiltration and malware attacks.
Zero Networks’ automated SaaS platform analyzes network traffic to develop granular security policies that restrict access to assets based on user and system needs, unifying segmentation and remote access in a single product. The solution also implements zero trust principles to ensure secure connections for remote employees and third-parties. Notably, the company has been chosen by a range of prominent organizations worldwide, including banks, retailers, manufacturers, hospitals, law offices, public institutions, telecom organizations, and a global container shipping company.
The newly raised funds will be utilized to expand the company’s development, marketing, and sales teams, reflecting its continued growth and market presence. This outcome is congruent with the broader investment trend in security technology, as evidenced by recent funding announcements such as ProvenRun, ArmorCode, Lasso, and Aikido.