Israeli cyber startup Zero Networks raises $55 million in private funding

JERUSALEM (Reuters) -Israeli cyber security startup Zero Networks said on Tuesday it raised $55 million in a mid-stage private funding round, bringing funds raised to date to more than $100 million.

It said that since its last funding round in late 2023, revenue has grown 300%, although it did not provide exact figures. Founded in 2019, the company added that its customer base has tripled, driven by its technology to prevent ransomware and other cyber attacks.

The round was led by Highland Europe, with participation from existing investors F2 Venture Capital, PICO Venture Partners, Venrock and U.S. Venture Partners (USVP).

Zero Networks said the new investment will help fuel its growth and expansion in North America, Europe, Middle East and Africa as well as the Asia-Pacific region.

(Reporting by Steven Scheer; Editing by Emelia Sithole-Matarise)

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