Zero Networks raises $20 million Series B to prevent attackers from spreading in corporate networks | CTech

Israeli cybersecurity startup Zero Networks, which provides zero trust identity and network security solutions, raised $20 million in Series B funding, bringing its total raised capital to $45 million.

U.S. Venture Partners (USVP) led the round, with notable strategic investor Dmitri Alperovitch, co-founder and former Chief Technology Officer of CrowdStrike, also participating. Existing investors Venrock, CyberArk, F2 Venture Capital, and Pico Venture Partners, also joined the round.

Zero Networks was founded in 2019, and is led by Benny Lakunishok, the CEO, and Amir Frankel, the CTO. The company, which employs 45 people, including 32 in Tel Aviv, is tackling the complex problem of how to prevent attackers from moving laterally within the organizational network to exfiltrate data or launch ransomware attacks.

The startup developed a fully automated SaaS platform that learns all network traffic and creates granular security policies that restrict user and machine access to only strictly necessary assets. Accessing sensitive protocols that are often used by attackers to move laterally is enabled only after users undergo multi-factor authentication. 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.

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“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,” said Benny Lakunishok, CEO of Zero Networks. “It is a testament to our team’s hard work and exceptional commitment to our customers and partners.”