Boston-based cybersecurity startup ZeroNorth raised $10 million in what the company is calling a "Series A+" round led by Crosslink Capital. Existing investors ClearSky, Rally Ventures and Petrillo Capital also participated in the round.
As part of the funding round, Crosslink Capital partner Matt Bigge joined the ZeroNorth board of directors.
This round brings the company's total venture funding to $20 million.
"We're not the size of a typical B series company yet," said ZeroNorth CEO John Worrall. "We need to make sure we can build more capability in our product and invest in our go-to-market strategy to expand in North America."
There are two general categories of solutions in security: proactive controls, where a business monitors malicious activity to prevent it from becoming a full-blown cyberattack, and reactive controls, where organizations look at audit logs to see if something wasn’t caught. Founded in 2015, ZeroNorth provides risk-based orchestration system. Put simply, its software makes an organization's proactive cybersecurity solution more efficient.
2019 was an eventful year for ZeroNorth — the company raised its first significant funding round and strengthened its leadership team with C-suite hires. In April, the company raised $10 million in a Series A funding round to focus on orchestrating vulnerability management. In August, it brought on Worrall, who was the former CMO at CyberArk; Karen Higgins, the former CFO at Resilient Systems, joined as CFO; John Steven, founder of Codiscope, co-CTO of Cigital, joined as CTO and former marketing VP at Raytheon and Forcepoint Dave Howell came on board as VP of marketing.
ZeroNorth counts the online auction house BidPath, Rodan & Fields, University of Massachusetts and Zerto among its clients.
