ZeroNorth Raises $10M to Help Enterprises Proactively Manage Software and Infrastructure Risk

ZeroNorth™,
the security industry’s first provider of orchestrated risk management,
today launched with a $10 million Series A investment led by ClearSky
Ventures with participation from Crosslink
Capital, Rally
Ventures and existing investor Petrillo
Capital. The funding will enable ZeroNorth, formerly known as
CYBRIC, to accelerate its newly-extended focus on software and
infrastructure risk management by strengthening research and
development, and investing in sales, marketing and services to meet
growing demand for its platform. This round brings the company’s total
funding to $18.6 million.

Organizations including Rodan & Fields, the University of Massachusetts
and Zerto rely on ZeroNorth to proactively manage software and
infrastructure risks as the pace of digital transformation continues to
accelerate.

“Today every organization is in the software business. Software and the
infrastructure it runs on are critical assets and continuous deployment
is essential – but not at the expense of security,” said Peter Kuper,
managing director at ClearSky Ventures. “ZeroNorth makes it possible for
organizations to have both fast and secure production software –
something that was considered incompatible before. Most importantly,
ZeroNorth makes it possible for organizations to easily discover and
remediate vulnerabilities without disrupting the software development
process. Its orchestration platform will be critical to protecting this
software-defined world and why we are so excited to be a supporter of
this effort.”

ZeroNorth accelerates and scales proactive software and infrastructure
risk management by continuously orchestrating the discovery and
remediation of vulnerabilities. Its “mission-control”
orchestration platform enables organizations to construct and manage
an automated and consistent software security program. As a result, the
platform directly provides board-level visibility into business risk,
the assurance of better security, continuous proof of compliance and a
more cost-effective risk management program.

Traditionally, organizations rely on multiple scanning tools to identify
vulnerabilities in different phases of development, deployment and
operation. However, each tool classifies vulnerabilities differently,
has its own console and requires a dedicated employee to manage it.
Among the many challenges to this approach, it does not allow for a
single, full-stack view of the constantly changing risks inherent in
continuous deployment. In addition, relying on disconnected tools
becomes expensive and difficult to staff amid a widening talent gap in
cybersecurity. ZeroNorth transforms these manual and siloed efforts into
an orchestrated, comprehensive and real-time discovery and remediation
process.

“ZeroNorth gives us the visibility and assurance that we’re lowering
risks to the organization. And it does so while reducing the staffing
requirements for implementing and managing existing scanning tools and
increasing their collective value,” said Amit Bhardwaj, vice president,
IT security and compliance at Rodan & Fields. “ZeroNorth is an important
partner that gives us confidence in our security posture.”

Expanded Focus, Expanded Team

As a result of this funding round, Peter Kuper and Patrick Heim from
ClearSky Ventures, and Art Coviello from Rally Ventures will join Enrico
Petrillo and Ernesto DiGiambattista on ZeroNorth’s board of directors.
In addition, the company welcomes John Steven as its new chief
technology officer (CTO) and Alan Deane as vice president of worldwide
sales.

With more than two decades of software security experience and specific
expertise in threat modeling, security architecture, static analysis and
security testing, John
Steven will lead ZeroNorth’s technical direction in defining and
delivering solutions that will enable organizations to improve security
through their digital transformation journey. Prior to joining
ZeroNorth, John was senior director at Synopsys, served as co-CTO at
Cigital and was co-founder and CTO of Codiscope. John will team with
vice president of engineering Andrei Bezdedeanu to drive innovation in
the ZeroNorth platform that enables organizations to stay ahead of the
ever-evolving threat landscape.

Alan
Deane has more than two decades of experience leading worldwide
sales organizations for cybersecurity startups and established industry
players. He was most recently vice president of worldwide sales at
DFLabs and spent six years as vice president of worldwide sales and
field operations at Qumas. He served similar stints as vice president of
the sales-risk & compliance business unit at McAfee, and vice president
of sales at Foundstone.

“Proactively managing security and risk is about more than application
security testing orchestration. Application vulnerability correlation
and threat vulnerability management are important pieces of the puzzle
that we’re delivering for customers grappling with the realities of
digital transformation and managing risk in new environments,” said
Ernesto DiGiambattista, ZeroNorth’s CEO and founder. “We now have a
broader focus that called for an expanded team and a new brand to match.
With these pieces in place and the support of world-class investors,
we’re ready to make proactive security a reality for organizations
worldwide.”

About ZeroNorth

ZeroNorth is the security industry’s first provider of orchestrated risk
management. Organizations that rely on software as a competitive
advantage trust ZeroNorth to manage risks by orchestrating the
continuous and comprehensive discovery and remediation of
vulnerabilities. ZeroNorth is headquartered in Boston and was created by
and for security leaders. For more information, follow ZeroNorth on
Twitter (@ZeroNorthSec)
or LinkedIn,
or visit http://www.zeronorth.io.

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