Zero trust identity and network security solutions provider Zero Networks today announced that it has raised $20 million in a Series B funding round that brings the total raised by the company to $45 million.
The investment round was led by US Venture Partners, with participation from CyberArk, F2 Capital, Pico Venture Partners, Venrock, and angel investors.
Founded in 2019, with offices in Tel Aviv and Orlando, Florida, the Israeli startup aims to help organizations stop adversaries from moving laterally within their environments, preventing data exfiltration and malware attacks such as ransomware.
For that, Zero Networks provides an automated SaaS platform that analyzes network traffic to develop granular security policies that restrict access to assets based on user and system needs, unifying segmentation and remote access in a single product.
Through firewalls and MFA-enabled micro segmentation for each asset, the solution provides access to sensitive information only after the user goes through specific authentication steps.
Additionally, Zero Networks implements zero trust principles to ensure that remote employees and third-parties connect to enterprise networks in a secure manner.
The company says its solution has been selected by prominent organizations across the world, including global banks, major retailers and manufacturers, hospitals, law offices, public institutions, telecom organizations, and a global container shipping company.
Zero Networks will use the funds to expand its development, marketing, and sales teams.