ZeroTier, a new company from California, got $13.5 million. This money will help keep devices safe. Battery Ventures gave the money in the first big funding round.
ZeroTier is different from big companies like Cisco or Palo Alto Networks. ZeroTier keeps devices safe. It helps over 3 million devices and 600,000 network workers in 230 countries.
Andrew Gault joined ZeroTier in May as the new boss. He helped start Gaikai, which Sony bought for $380 million. Gault also put money in Oculus VR and helped start 7percent Ventures. Now, he will work on making the company grow.
Founder Adam Ierymenko now works as CTO. He will handle technology and long-term plans. Jennefer Traeger, a spokesperson, confirmed this change.
Gault sees a gap in the market. He believes many scalable, vendor-neutral options are missing. “Our focus is more on devices like routers and sensors, not just servers and laptops,” he said. There are 18 billion devices online now. This number will grow to 32 billion by 2030. Secure connectivity remains a big challenge. ZeroTier aims to solve this by creating secure connections for all these devices, making them act like they are on a local network.
ZeroTier’s clients include Metropolis, which provides checkout-free parking payments. Other investors in the funding round include Bonfire Ventures, Anorak Ventures, Grand Enterprises B.V., Airbridge Equity Partners, and First In Ventures.
To read our blog on “CrowdStrike to share down 13% on surprisingly severe outage,” click here.