ZeroTier Secures $13.5 Million in Series A Funding to Securely Connect the World’s Devices; Names Technology Industry Veteran Andrew Gault CEO
2024年7月29日 - 9:00PM
ビジネスワイヤ(英語)
ZeroTier, a virtual networking company simplifying secure
connectivity for devices worldwide, has secured $13.5 million in
Series A funding. The funding was led by Battery Ventures, a
global, technology-focused investment firm, with participation from
Bonfire Ventures, Anorak Ventures, Grand Enterprises B.V.,
Airbridge Equity Partners, First In Ventures, and 7percent
Ventures. ZeroTier supports over three million connected devices
and 600,000 network administrators across more than 230 countries
and territories worldwide.
In addition to its financing, ZeroTier has appointed tech
startup founder and investor Andrew Gault as CEO. A former CTO and
programmer with deep expertise in edge devices and networking,
Gault co-founded video game streaming platform Gaikai which sold to
Sony for $380M in 2012, and was the first investor in Oculus VR
which sold to Meta for $2B in 2014. As a founding partner of
7percent Ventures, Gault has invested in over 100 companies
including Universal Quantum, Vaire Computing and Gensyn AI. He
personally holds 31 patents.
“With Internet-connected devices outnumbering humans by a factor
of three, the need for secure connectivity between devices is
skyrocketing. Unfortunately, there are very few scalable, flexible
and vendor-agnostic options available to enterprises today,” said
Andrew Gault, CEO, ZeroTier. “ZeroTier lives at the crux of this
market need, creating global private networks that easily connect
devices directly to each other, no matter where they are in the
world.”
ZeroTier’s financing will be used to fund ongoing innovation and
product development, as well as the geographic expansion of
operations to support the company's strong global growth
trajectory. For example, ZeroTier recently provided Metropolis, a
company offering checkout-free parking payments, with a system that
created secure peer-to-peer connections between devices, as well as
a centralized monitoring platform. Metropolis’ network includes
thousands of devices and is growing exponentially. The Metropolis
team will have 40,000 network connected devices within the year -
and in two years as many as 100,000.
“ZeroTier’s innovative approach to decentralized networking is
helping many customers better and more easily connect
Internet-enabled devices, people and data centers—and fueling these
businesses to perform more efficiently,” said Dharmesh Thakker, a
Battery Ventures general partner. “ZeroTier truly has the potential
to reshape how businesses and devices connect and collaborate in a
digital-first world.”
ZeroTier complements existing network solutions while offering
clear advantages over legacy VPN and other software-defined
networking platforms. In addition to a robust community of over
400,000 engaged members, ZeroTier offers:
- Device-centric networking solutions purpose-built for large
deployments of userless devices as seen in IoT
- A software-defined solution that is hardware and ISP-agnostic,
creating a bridge across disparate networks
- Built-in security including end-to-end encryption, unique
cryptographic IDs for device authorization, micro-segmentation of
networks and centralized security monitoring
About ZeroTier
ZeroTier, Inc. makes global networking simple. Its secure
network overlay empowers users to directly connect all their
devices on a network they provision and control. With a proud
open-source heritage, ZeroTier serves organizations of all sizes
from a broad range of global industries including IoT and
industrial IoT, manufacturing, retail, tech, telecom, aerospace,
and defense. Learn more at zerotier.com
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Jennefer Traeger Traeger Communications 720-988-6149
jtraeger@traegercommunications.com