ZeroTier, a pioneering company in virtual networking, has announced a successful $13.5 million Series A funding round, led by Battery Ventures. This investment also saw contributions from Bonfire Ventures, Anorak Ventures, Grand Enterprises B.V., Airbridge Equity Partners, First In Ventures, and 7percent Ventures. This fresh capital is set to bolster ZeroTier’s mission to simplify secure connectivity for devices across the globe.
Alongside the funding announcement, ZeroTier has appointed Andrew Gault as CEO. Gault, a seasoned technology executive and investor, co-founded Gaikai, which was acquired by Sony for $380 million, and was an early investor in Oculus VR, sold to Meta for $2 billion. With his extensive background in edge devices and networking, including his role as a founding partner at 7percent Ventures, Gault brings a wealth of experience to ZeroTier. He holds 31 patents and has invested in over 100 companies.
Andrew Gault emphasized the growing need for secure connectivity: “With Internet-connected devices vastly outnumbering humans, the demand for reliable, scalable connectivity solutions is at an all-time high. ZeroTier is uniquely positioned to meet this need by creating global private networks that connect devices directly, regardless of their location.”
ZeroTier plans to utilize the Series A funding to drive ongoing innovation, enhance its product offerings, and expand its global presence. This strategic investment will support ZeroTier’s robust growth trajectory and its capability to offer scalable, secure networking solutions. Notably, ZeroTier recently partnered with Metropolis to provide a secure, peer-to-peer network solution for its expanding fleet of checkout-free parking payment devices.
Editorial Opinion:
ZeroTier’s latest funding round underscores the company’s growing influence in the virtual networking space. As the number of Internet-connected devices continues to surge, the demand for efficient, secure connectivity solutions becomes increasingly critical. ZeroTier’s approach, which integrates device-centric networking and robust security features, positions the company as a transformative player in the industry.
Under Andrew Gault’s leadership, ZeroTier is well-equipped to tackle the complexities of modern network requirements. His track record of innovation and investment, coupled with ZeroTier’s cutting-edge technology, suggests that the company is poised to redefine how devices connect and interact globally. As businesses and industries evolve, ZeroTier’s commitment to seamless and secure connectivity will likely drive significant advancements in the digital landscape.
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