Enterprise network security company Zero Networks has raised $20.3m in its Series A funding round.
The investment was led by Venrock, with commitments also coming from F2 Venture Capital, PICO Venture Partners and several unnamed angel investors.
This capital will be used for R&D, expanding the product offering and reaching a wider customer base.
Zero Networks has a unique approach to make segmentation simple for cybersecurity. Its platform empowers financial institutions to stop any type of attack from spreading in a network.
It automatically takes every asset and restricts network access to exactly what is needed, implementing security for client, server, home, office, on-premise and cloud environments.
Zero Networks founder and CEO Benny Lakunishok said, “Solutions today fail to protect enterprises from lateral movement and ransomware because they are expensive and cumbersome to deploy.
“Zero Networks’ MFA-based approach simplifies one of the hardest problems in cyber security regardless of company size. In the past, vendors took the old school approach requiring manually specifying IP permissions—an unscalable approach. Consequently, the problem of lateral movement remained unsolved, giving attackers the upper hand and giving birth to today’s massive ransomware industry.”
This Series A brings Zero Network’s total funding to $25m.
Copyright © 2022 FinTech Global