Cybersecurity startup Zero Networks raises $20 million
The Israeli company has developed a solution that manages access to each of the parts of the corporate network, so that only authorized persons and devices can access them at their permitted times
Cybersecurity company Zero Networks announced on Tuesday a $20.3 million Series A funding round led by Venrock along with F2 Venture Capital, PICO Venture Partners as well as various angel investors. To date, the company has raised $25 million. The company currently has 20 employees and is expected to double that number by the end of 2022.
Founded in 2019, the company has developed a solution that manages access to each of the parts of the corporate network, so that only authorized persons and devices can access them at their permitted times, based on multi-stage verification
“Solutions today fail to protect enterprises from lateral movement and ransomware because they are expensive and cumbersome to deploy,” said Benny Lakunishok, Founder and CEO of Zero Networks. “Our MFA-based approach simplifies one of the hardest problems in cybersecurity 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.
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“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," added Lakunishok.
