Zero Networks, an Israeli provider of zero trust identity and network security solutions, raised $20m in Series B funding.
The round, which brought the total amount to $45M, was led by U.S. Venture Partners, with participation from Dmitri Alperovitch.
The company intends to use the funds to expand operations to recruit development, marketing, and sales personnel, and its business reach.
Led by Benny Lakunishok, CEO and Amir Frankel, CTO, Zero Networks developed an automated SaaS platform that learns all network traffic and creates granular security policies that restrict user and machine access to only strictly necessary assets. In addition, the company 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, including global commercial and investment banks, major US retailers, large manufacturing corporations, a global container shipping company, hospitals, law offices, construction, telecom, and public sector institutions.
Commenting on the news, Benny Lakunishok said: “We have significantly exceeded our own growth expectations, and are thrilled to have received this investment from USVP that will allow us to scale our team earlier. It is a testament to our team’s hard work and exceptional commitment to our customers and partners. We are honored to have such a distinguished list of security leaders join our journey.”
FinSMEs
13/12/2023