Zero Networks, an Israeli cybersecurity startup, raised $20.3 million in Series A financing 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.
Founded in 2019 by security veteran Benny Lakunishok, Zero Networks says that it makes segmentation “the easiest thing” enterprises do in cyber security. Segmentation separates the various parts of a system to protect the individual parts from an attack. A hacker may break into one segment, but then the others have time to close themselves off.
Zero Networks specializes in fighting ransomware. This is the type of malware hackers use to take control of a victim’s systems. They either use spyware to “spy” on the victim to steal secrets and so forth, or to blackmail the user with the threat of releasing the information. Hackers also use it to lock out organizations from their own systems, demanding a ransom in exchange for returning control over to them.
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Zero Networks explains that Ransomware continues to plague business. In 2021, 37 percent of all businesses and organizations were hit by ransomware. Worse, recovering from a ransomware attack cost businesses $1.85 million on average in 2021, the company says.
— Zero Networks (@ZeroNetworks) February 22, 2022
“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. “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.”
Zero Networks offers a patented “first of its kind” approach to make segmentation. The company promises that with its help enterprises can stop “almost any type of attack from spreading in any network by enabling MFA for every asset and device.” Zero Networks automatically takes every asset and restricts network access to exactly what is needed–applying protection for client, server, home, office, on-premises or in the cloud.