Zero Networks, a Tel Aviv, Israel-based cybersecurity startup specializing in zero-trust identity and network security solutions, has raised $20 million in a Series B funding
SaaS Investors
The round was led by U.S. Venture Partners (USVP). Strategic investor Dmitri Alperovitch, co-founder and former CTO of CrowdStrike, also participated in the round, along with existing investors Venrock, F2 Venture Capital, and Pico Venture Partners.
U.S. Venture Partners (USVP) is a Silicon Valley-based venture capital firm, helping entrepreneurs build world-class companies since 1981. Headquartered in Menlo Park, California, the firm focuses on investments in an array of segments including enterprise software, cyber security, consumer, e-commerce, healthcare, and IT-enabled healthcare services.
Zero Networks Use of Funds
The company plans to utilize the funds to expand its team and support its hypergrowth.
About Zero Networks
Founded in 2019, and is led by Benny Lakunishok, the CEO, and Amir Frankel, the CTO, Zero Networks focuses on preventing lateral movement within organizational networks to enhance cybersecurity. Its SaaS platform automates the creation of granular security policies based on network traffic analysis and supports secure remote connections. In addition, Zero Networks enables organizations to securely connect remote employees and third parties to their network with zero trust principles and maximum network performance. Zero Networks has a diverse roster of prominent customers in the United States, Europe, and the Middle East.
Funding Details
Company: Zero Networks, Inc.
Raised: $20.0M
Round: Series B
Funding Month: December 2023
Lead Investors: U.S. Venture Partners (USVP)
Additional Investors: Dmitri Alperovitch, Venrock, F2 Venture Capital, and Pico Venture Partners
Company Website: https://zeronetworks.com/
Software Category: Cybersecurity
Source: https://www.prnewswire.com/news-releases/achieving-five-fold-revenue-growth-zero-networks-raises-20m-in-series-b-to-prevent-attackers-from-spreading-in-corporate-networks-302014520.html