December 18, 2023 at 05:29PM
Israeli cybersecurity startup Zero Networks raised $20M in Series B funding led by USVP, with participation from Dmitri Alperovitch and existing investors. The funds will support recruiting and hypergrowth. Zero Networks offers automated zero-trust identity and network security solutions to prevent lateral movement within the organizational network by attackers. The company has a diverse roster of prominent customers and plans to scale its team with the new investment.
Key Takeaways from the Meeting Notes:
1. Zero Networks, an Israeli cybersecurity startup, has raised $20 million in Series B funding, bringing its total raised capital to $45 million. The funding was led by U.S. Venture Partners (USVP) with participation from strategic investor Dmitri Alperovitch and existing investors.
2. The funds will be utilized to recruit development, marketing, and sales personnel to support the company’s hypergrowth.
3. Zero Networks is focused on providing zero trust identity and network security solutions, with a particular emphasis on preventing attackers from moving laterally within organizational networks.
4. The company has developed a fully automated SaaS platform that creates granular security policies, restricts user and machine access, and enables multi-factor authentication for accessing sensitive protocols.
5. Zero Networks has a diverse roster of prominent customers in the United States, Europe, and the Middle East, spanning various industries such as banking, retail, manufacturing, shipping, healthcare, legal, construction, telecom, and public sector institutions.
6. Executives, including CEO Benny Lakunishok and strategic investor Dmitri Alperovitch, expressed enthusiasm and confidence in the company’s growth and potential to revolutionize the network security market.
For more information, please visit www.zeronetworks.com.