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About ZeroTier
Industries
Enterprise Software
Cybersecurity
Company Size
11-50
Company Stage
Series A
Total Funding
$16.7M
Headquarters
Irvine, California
Founded
2015
Overview
ZeroTier creates software-defined networking solutions that enable users to establish secure, private networks over the internet without needing traditional hardware like routers and switches. This technology allows businesses and individuals to connect devices and systems securely, regardless of their physical locations. ZeroTier serves a variety of clients, from small businesses to large enterprises and tech enthusiasts, who require management of complex networks across multiple sites, including remote offices and cloud environments. Unlike many competitors, ZeroTier operates on a freemium model, offering a basic version of their software for free while charging for advanced features and enterprise solutions. Their goal is to provide efficient and secure networking solutions that cater to the growing demand for reliable internet connections.
Simplify's Take
What believers are saying
- Increased demand for remote work solutions boosts ZeroTier's market potential.
- The rise of IoT devices creates opportunities for ZeroTier's scalable networking solutions.
- The global SDN market is projected to grow, benefiting ZeroTier's offerings.
What critics are saying
- Increased competition from startups like Protexxa could challenge ZeroTier's market position.
- The new CEO may lead to strategic shifts disrupting current operations.
- Reliance on a freemium model may limit revenue growth if conversions don't increase.
What makes ZeroTier unique
- ZeroTier offers software-defined networking without traditional hardware like routers.
- The platform supports direct, peer-to-peer connections with end-to-end encryption.
- ZeroTier's solution is compatible with various operating systems, enhancing its versatility.
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Funding
Total Funding
$16.7M
Meets
Industry Average
Funded Over
3 Rounds
Battery VenturesIndustry standards
Benefits
Remote Work Options
Stock Options
Health Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Parental Leave
Employee Referral Bonus
Growth & Insights and Company News
6 month growth
↑ 5%1 year growth
↓ -5%2 year growth
↓ -5%ZeroTier, a virtual networking company, raised $13.5 million in Series A funding led by Battery Ventures, with participation from Bonfire Ventures, Anorak Ventures, and others. The company supports over three million devices and 600,000 network administrators globally. Andrew Gault, co-founder of Gaikai and early investor in Oculus VR, was appointed CEO. The funds will be used for innovation, product development, and global expansion. ZeroTier recently partnered with Metropolis for secure peer-to-peer connections.
Canadian cybersecurity startup Protexxa has secured $10 million in a Series A round led by Bell Ventures, Bell Canada, and Sandpiper Ventures, with participation from BKR Capital, Export Development Canada, The Firehood Angels, and Graphite Ventures.
IRVINE, Calif., July 29, 2024--ZeroTier Secures $13.5 Million in Series A Funding to Securely Connect the World's Devices; Names Technology Industry Veteran Andrew Gault CEO
ZeroTier raises $13.5M in Series A funding.
In addition to its financing, ZeroTier has appointed tech startup founder and investor Andrew Gault as CEO.
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About ZeroTier
Industries
Enterprise Software
Cybersecurity
Company Size
11-50
Company Stage
Series A
Total Funding
$16.7M
Headquarters
Irvine, California
Founded
2015
ZeroTier is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today