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Airgap Networks Raises $13 Million for Ransomware Kill Switch

Airgap Networks on Tuesday announced raising $13.4 million in a Series A funding round that brings the total raised by the company to $18.6 million.

The funding round was led by Storm Ventures, with participation from Cervin Ventures, Engineering Capital, Sorenson Ventures, and various angel investors.

Airgap Networks on Tuesday announced raising $13.4 million in a Series A funding round that brings the total raised by the company to $18.6 million.

The funding round was led by Storm Ventures, with participation from Cervin Ventures, Engineering Capital, Sorenson Ventures, and various angel investors.

Airgap NetworksAirgap has developed what it describes as an agentless, universal segmentation solution that can protect IT, OT and cloud systems by providing visibility and management capabilities.

Airgap’s platform uses an “agentless ringfencing architecture” to confine threats to a single endpoint. It also enforces MFA access for high-value assets, and aims to eliminate unauthorized communication channels inside an organization.

The platform is designed to provide zero trust, secure access, ransomware protection, network access control and incident response capabilities.

The company claims its “Ransomware Kill Switch” enables a “surgical response” to ransomware attacks, stopping the malware from spreading without impacting productivity, as it does not require the shutdown of networking infrastructure in order to contain the threat.

Airgap says its product is already used by companies in the manufacturing, healthcare, insurance, construction, and local government sectors.

Related: Zero Trust Network Access Provider Banyan Security Raises $30 Million

Related: Network Security Firm Portnox Raises $22 Million in Series A Funding

Related: BastionZero Raises $6M Seed for Secure Remote Access Tech

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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