ZeroRisk raises $10 million to scale merchant cybersecurity platform

Irish cybersecurity firm ZeroRisk announced on Thursday it has raised $10 million in funding. The company stated the capital will be used to accelerate its global expansion, enhance product development, and deploy its platform with major payment providers.

ZeroRisk focuses on the emerging risk orchestration segment within the payment processing market. This funding round is intended to support the company's growth strategy and its objective to become a dominant player in this sector.

The expansion of its cybersecurity platform is a key element of ZeroRisk's plans to address the increasing need for merchant protection against online fraud and other financial risks.

Headquartered in Dublin, ZeroRisk aims to solidify its position as a significant entity in the industry. The company's technology is designed to provide solutions that mitigate risks faced by merchants during payment processing.