Sat. Jun 10th, 2023

Airgap Networks lands $13.4m in Series A raise

CyberTech firm Airgap Networks has raised $13.4m from a Series A funding round led by Storm Ventures.

The round also saw participation from Cervin Ventures, Engineering Capital and Sorensen Ventures. Individual investors such as Josh Leslie, Manoj Apte and Robert Tinker also participated in the round. So far, Airgap has raised $18.6m since inception.

Airgap claims it has created the world’s first frictionless, agentless, universal segmentation solution optimised for IT, OT and cloud deployments while maximising the value of existing infrastructure.

The company’s Zero Trust Segmentation Platform has been developed over the last three years by an all-star team of security and networking experts. The solution can be deployed within minutes and provides customers with immediate benefit and creates a roadmap for a Zero Trust defence architecture.

Airgap said, “Ransomware breaches are an inevitable reality in today’s environment. The classic approach of shutting down networking infrastructure to protect critical assets has a material impact, made more acute in the current supply-constrained environment. In contrast, Airgap’s patented Ransomware Kill Switch is a surgical incident response to ransomware attacks and stops the spread of ransomware without loss of business productivity.”

Airgap CEO Ritesh Agrawal noted ‘that pent-up demand for a credible ransomware protection solution’ had driven Airgap’s exponential growth over the last 9 months’.

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