Airgap Networks Raises $13 Million for Ransomware Kill Switch
Airgap Networks announced on Tuesday that it has raised $13.4 million in a Series A funding round, bringing the company’s total funding to $18.6 million.
Storm Ventures led the funding round, with participation from Cervin Ventures, Engineering Capital, Sorenson Ventures, and various angel investors. Airgap has created an agentless, universal segmentation solution that it claims can protect IT, OT, and cloud systems by providing visibility and management capabilities.
To limit threats to a single endpoint, Airgap’s platform employs “agentless ringfencing architecture.” It also requires multi-factor authentication (MFA) for high-value assets and aims to eliminate unauthorised communication channels within an organisation.
The platform’s capabilities include zero trust, secure access, ransomware protection, network access control, and incident response. The company claims that its “Ransomware Kill Switch” allows for a “surgical response” to ransomware attacks, preventing the malware from spreading while maintaining productivity because it does not require the shutdown of networking infrastructure to contain the threat.
According to Airgap, its product is already used by businesses in the manufacturing, healthcare, insurance, construction, and local government sectors.