Zero Networks team – updated. Credit – Roni Herman
Zero Networks, an Israeli cybersecurity startup, raised $20 million in a Series B round of funding, led by U.S. Venture Partners (USVP). Zero has now raised a total of $45 million in investments to date. At the same time, fellow Israeli startup CorrActions, which uses neuroscience for an “advanced, unique, non-invasive platform that precludes human-machine interface errors” when it comes to activities like driving, raised $7.25 million in a Series A round of funding round led by Volvo Cars Tech Fund.
Founded in 2019 by Dr. Eldad Hochman, a neuropsychologist and scientist, and Zvi Ginosar, an experienced business executive, CorrActions is a neuroscience technology startup based in Israel, providing AI software solutions for multiple Human-Machine interface challenges. We develop a platform proprietary data science algorithm-based, addressing the major pain of human operational performance in multiple mega markets. These algorithms monitor operational performance to alert on the deterioration in the human cognitive state and to prevent human errors. CorrActions unique solutions identify the user’s cognitive state impacted by drowsiness, alcohol, fatigue, and other distractions. Errors may be detected 150 milliseconds before they occur, in a completely non-invasive manner, by decoding unconscious brain signals through body motion monitoring.
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.
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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.
“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.”
