Irish cyber and compliance company ZeroRisk raises $10m

Irish cybersecurity and compliance firm ZeroRisk has secured $10 million in Series A funding, led by MiddleGame Ventures with contributions from existing investor Elkstone. The platform's objective is to assist payment processors and retailers in managing and minimizing cyber risks. ZeroRisk's solution unifies risk monitoring, compliance, education, remediation, and protection services into a single platform.

This enables payment processors to obtain a comprehensive overview of cyber risks affecting the thousands of retailers that utilize their payment processing technology. Simultaneously, the platform offers retailers clear guidance on pertinent risks and actionable steps to mitigate them. The additional capital will be allocated towards global expansion, enhancement of product development, and bolstering operational capacity to extend the platform to extensive merchant portfolios of prominent payment providers.

ZeroRisk's co-founder and CEO, Gary Nolan, emphasized that traditional annual compliance exercises are no longer sufficient in addressing contemporary cyber threats such as scams, credential theft, website vulnerabilities, and device attacks. The company collaborates with European and North American clients including Bank of America, Global Payments, Checkout.com, and Trust Payments.

MiddleGame Ventures' co-managing partner, Patrick Pinschmidt, highlighted the unique blend of commercial and technical expertise possessed by the ZeroRisk team, which has collaborated closely with leading payment providers. Nolan, along with co-founders Francesco Consiglio and Marco Borza, founded ZeroRisk in 2023, with operations based in Dublin and Longford, Ireland, and an office in Atlanta, United States.

The company anticipates a threefold increase in revenue by 2026 as contracted programs transition to deployment and its international client base expands.