Israel’s Zero Cybersecurity Startup Network raises $55 million in private funding to expand global defense against ransomware

With ransomware attacks escalating and security teams struggling to keep up, investors are putting a big bet on startups that offer a better way. The leading price is Israel’s Zero Cybersecurity Startup Network.

Today, Zero Networks announced it had raised $55 million in its medium-term funding round. The new capital brings the company’s total capital to more than $100 million.

The funding round was led by Highland Europe and continued support from F2 venture capital, Picoventure partners, Venrock and US Venture Partners (USVP).

Zero Networks will use fresh capitals to expand across North America, Europe, the Middle East, Africa and the Asia-Pacific region. Reuters aims to meet the growing demand from businesses looking for a better way to contain attacks before they spread within their network.

Founded in 2019, Zero Networks said its revenue has increased 300% since its last funding round in late 2023. The company did not share any specific revenue figures, but its customer base is tripled.

“We’re looking forward to seeing you in the future,” said Benny Laknishok, CEO and co-founder of Zero Network. “This funding validates everything we claimed from day one. It can make segmentation simple and scalable, powerful enough to contain ransomware and stop lateral movement at its source. It also opens up a great opportunity for all network defenders to stop catching up or stopping control.”

The startup approach focuses on automating microsegmentation to isolate endpoints and block lateral movement. This is a widely used attack method in ransomware incidents. Instead of relying on human teams to organize firewalls and rules, Zero Networks pitches a self-service model that makes segmentation more accessible to IT teams.

Although the cybersecurity space remains crowded, recent funding shows investors’ trust in the growth trajectory of zero networks and investors’ trust in the pitch that network security should not require analyst control.