Zero Networks Raises $20M in Series B Funding to Thwart Lateral Movement in Corporate Networks

Zero Networks Raises $20M in Series B Funding to Thwart Lateral Movement in Corporate Networks

By Greg Tavarez

Cybersecurity traditionally meant that protecting the perimeter was the main defense approach. Now, it is about preventing attackers from moving laterally within compromised networks. Lateral movement refers to the ability of attackers navigating and escalating privileges horizontally across a network, exploiting vulnerabilities and evading detection.

The issue here? Existing segmentation solutions that address this problem are complex, labor intensive, and often do not provide comprehensive protection. Enter Zero Networks.

Zero Networks, an Israeli-based cybersecurity company, tackles the complex challenge of lateral movement with its flagship SaaS platform, which employs a zero-trust approach. Zero Networks' platform operates automatically, learning the intricacies of network traffic and crafting specific security policies on the fly.

This level of granularity and automation provides several key advantages. Attackers gain limited access to lateral movement techniques, the platform’s automation policy creation and enforcement frees security teams from tedious manual tasks, and granular access controls ensure users always have the permissions they need without compromising overall security.

Because of the capabilities of its solutions, Zero Networks has seen a five-fold increase in its revenue. Following that revenue increase, the provider of zero trust identity and network security solutions recently raised $20 million in Series B funding. The round was led by U.S. Venture Partners, or USVP, and strategic investor Dmitri Alperovitch, co-founder and former Chief Technology Officer of CrowdStrike.

Zero Networks plans to leverage the newly acquired funding to accelerate its growth trajectory. The company intends to expand its sales and marketing efforts, bolster its engineering team and further refine its platform with advanced features and integrations.

“We have significantly exceeded our own growth expectations, and this investment from USVP 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.”

Zero Networks has a diverse roster of prominent customers in the U.S., Europe and the Middle East. Customers include global commercial and investment banks, major U.S. retailers, manufacturing corporations, a global container shipping company, hospitals, law offices, construction, telecom and public sector institutions.

With the funding and the company’s automated, zero-trust approach, Zero Networks is on track to disrupt network security so corporations like those listed above can operate confidently in the face of cyber threats.

“We see immense potential in the company's approach to network security,” said Dafina Toncheva, General Partner at USVP. “Their impressive growth this year and the satisfaction of their customers underscore the impact they are making in the cybersecurity landscape.”

Edited by Alex Passett
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MSPToday Editor

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