At first glance, ActZero is a startup promoting MDR (managed detection and response) cybersecurity services to small and midsize business (SMB) customers. But take a closer look, and you'll notice that the seeds for ActZero's business were planted in two major moves: Indeed, ActZero acquired Intelligo Networks, a top MDR provider, in 2020 and also raised a $40 million seed round led by Point72 Hyperscale.
ActZero was founded in 2019. But Intelligo's roots extend back to the VAR (valued-added reseller) market in 2005. Over time, Intelligo evolved by developing an MDR Platform and investing in machine learning. Fast forward to present day, and Intelligo has been rebranded as ActZero.
ActZero, Funding, MDR for SMB Customers: Executive Perspectives
In a prepared statement about ActZero's latest unveiling, CEO Sameer Bhalotra said:
"We custom-built ActZero to provide best-in-class cybersecurity efficiently for the businesses that need it most. To realize our vision, we've combined the power of artificial intelligence with the unique strengths of human threat hunters. We believe this combination represents the future of cybersecurity — as well as the key to unlocking the promise of artificial intelligence."
Added Dan Gwak, head of Point72 Hyperscale:
"ActZero has developed an elegant solution for addressing the most pressing security concerns of SMBs today with its unified, AI-powered platform. ActZero is unique in its appreciation for and realization of a combined people and automation model. We believe that ActZero has the potential to transform how security solutions are delivered to help businesses achieve better security posture more affordably. We're excited to partner with them on this critical journey."
ActZero has a partner program, but the current online documentation doesn't mention whether the focus involves MSPs and VARs, or some other target partner.
No doubt, the MDR market is extremely competitive. But Intelligo's technology has been well-regarded -- even ahead of the ActZero M&A deal.