ZeroTier, a California-based startup, has raised $13.5 million in a Series A funding round led by Battery Ventures. The company aims to improve security for devices affected by the CrowdStrike update, which has caused havoc worldwide. While traditional companies like Cisco and Palo Alto Networks focus on securing edge networks, ZeroTier is at the forefront of device security.
According to spokesperson Jennefer Traeger, ZeroTier now supports over 3 million connected devices and 600,000 network administrators across more than 230 countries and territories. The company has also attracted venture investor Andrew Gault to lead the company’s growth and revenue efforts. Gault, who previously co-founded Gaikai and was the first investor in Oculus VR, has extensive experience in the technology industry.
Gault believes that there are limited scalable and vendor-agnostic options available to enterprises today. He sees ZeroTier’s niche in the market as being more device-centric, focusing on routers and sensors rather than servers and laptops. With 18 billion devices currently online and an expected increase to 32 billion by 2030, Gault views secure connectivity as an unsolved problem. ZeroTier aims to create secure connections between devices, allowing them to communicate as if they were on a local network in an office environment.
ZeroTier’s client list includes Metropolis, a company that offers checkout-free parking payments. Other participants in the funding round include Bonfire Ventures, Anorak Ventures, Grand Enterprises B.V., Airbridge Equity Partners, and First In Ventures.
The increasing number of connected devices highlights the need for improved security measures. ZeroTier’s focus on device-centric security and their ability to create secure connections between devices positions them as a leading player in the market. With the support of Battery Ventures and other prominent investors, ZeroTier is well-positioned to address the growing demand for secure connectivity in the evolving digital landscape.