For Security And Risk Management Tools, $10 Million Raised By ZeroNorth

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ZeroNorth, a leading developer of application for security and risk management, today announced that it has raised $10 million in the ClearSky Ventures-funded Series A with contributions from Petrillo Capital, Rally Ventures, and Crosslink Capital. It raises its total venture capital to $18.6 Million and will be used to accelerate product development, as well as to strengthen its research and development, sales and service efforts, according to Ernesto DiGiambattista, CEO.

Like many other risk management services, the ZeroNorth cloud-based suite of products exposes vulnerabilities and troubleshooting steps through analytical tools and scorecards. It integrates with existing commercial and open source test tools, such as Bitbucket and GitHub, and is implemented quickly. On average, the setup takes less than an hour.

ZeroNorth automatically carries out security checks at predefined intervals, developing a local copy of the production code that is deleted after the scan. Developers are notified of issues via the channels of their choice, regardless of whether they are Slack, messages, PagerDuty or a combination of the three.

Skincare product maker and marketing firm Rodan& Fields, the University of Massachusetts and continuity software developer, Zerto, are among the active customers.

“Proactive security and risk management are not limited to testing security application. Advanced vulnerability mapping and vulnerability management are important pieces of the puzzle we offer customers in the face of the reality of digital transformation and management of risks in innovative environments,” said DiGiambattista. “With these elements and the support of world-class investors, we are poised to make proactive security a reality for organizations around the world.”

ZeroNorth also declared the nomination of Rally Ventures, Patrick Heim and Peter Kuper of ClearSky Venture to its board, and John Steven, a former member of Synopsys and codiscope as a chief technical officer and former director of McAfee Alan Deane, vice president of global sales.

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