ZeroTier, a virtual networking company simplifying secure connectivity for devices worldwide, announced it has secured $13.5 million in Series A funding. Battery Ventures led this funding round, which also included Bonfire Ventures, Anorak Ventures, Grand Enterprises B.V., Airbridge Equity Partners, First In Ventures, and 7percent Ventures.
Now ZeroTier supports over three million connected devices and 600,000 network administrators across over 230 countries and territories worldwide.
Along with this funding, ZeroTier also appointed tech startup founder and investor Andrew Gault as CEO. Gault, A former CTO and programmer with deep expertise in edge devices and networking, co-founded video game streaming platform Gaikai (sold to Sony for $380 million in 2012) and was the first investor in Oculus VR (sold to Meta for $2 billion in 2014). As a founding partner of 7percent Ventures, Gault has invested in 100+ companies including Universal Quantum, Vaire Computing and Gensyn AI. He personally holds 31 patents.
ZeroTier’s funding will be used to fund ongoing innovation and product development, and 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) and 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 complements existing network solutions while also offering clear advantages over legacy VPN and other software-defined networking platforms. Along with a robust community of over 400,000 engaged members, ZeroTier offers:
KEY QUOTES:
“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. 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.”
- Andrew Gault, CEO, ZeroTier
“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. ZeroTier truly has the potential to reshape how businesses and devices connect and collaborate in a digital-first world.”
- Dharmesh Thakker, a Battery Ventures general partner
