IronNet Cybersecurity raises $32.5 million
October 25, 2015
IronNet Cybersecurity, a provider of state-of-the art cybersecurity solutions, has raised $32.5 million in a Series A funding round led by Trident Capital Cybersecurity (Trident Capital Cyber) and joined by Kleiner Perkins Caufield & Byers (KPCB), IronNet announced today.
IronNet will use the capital to continue developing a comprehensive cybersecurity solution that aims to revolutionize cyber defense for the private sector. IronNet's technology enables real-time visualization of a company's entire cyber infrastructure and employs advanced behavioral models and elite petabyte-scale analytics to detect anomalous activity and support proactive mitigation.
The IronNet approach leverages high performance computing capabilities to identify threats and to propagate real-time threat and model updates throughout a company's cyber infrastructure and across sector and cross-sector ecosystems, and provides the ability to implement active response actions.
CEO Keith Alexander, the former director of the National Security Agency and head of U.S. Cyber Command, founded the company in 2014 along with a team of former leaders of the Defense Department, the National Counterterrorism Center, and the Defense Advanced Research Projects Agency, as well as cyber experts from the commercial sector.
Ted Schlein, General Partner of KPCB will join IronNet's existing board of directors which includes Don Dixon, Founder and Managing Director of Trident Capital Cyber.
"IronNet is creating a new standard in cybersecurity by providing technology that gives our clients an unprecedented level of network visibility, data control, and security. This new funding from well-respected industry leaders like Trident Capital Cybersecurity and Kleiner Perkins will help accelerate our growth and scale the launch of the IronNet product line."-Gen. Alexander
“Criminal syndicates and nation states are inflicting tremendous harm on the private sector, costing hundreds of billions of dollars annually,” said Alexander. “Cybersecurity has become the most pressing threat to both the global private sector and our national security, and existing approaches and defenses to protect networks are falling short. IronNet is creating a new standard in cybersecurity by providing technology that gives our clients an unprecedented level of network visibility, data control, and security. This new funding from well-respected industry leaders like Trident Capital Cybersecurity and Kleiner Perkins will help accelerate our growth and scale the launch of the IronNet product line.”
“The need for new approaches to secure the world's computer systems has reached a crisis level, requiring unique solutions to address a wide array of digital infrastructure security issues,” Dixon said. “With combined experience of more than 100 years in top posts at the NSA, U.S. Cyber Command, National Counterterrorism Center and Army Intelligence, IronNet will clearly be one of the leaders developing these solutions.”
“The IronNet team has unmatched experience with cyber threats given the years they have spent protecting our nation,” said Schlein. “The level of sophistication in cyber attacks continues to grow exponentially and the types of attacks are constantly changing. The IronNet team has the expertise and visibility into what works and what doesn't in this space and they are well positioned to serve the needs of customers.”
About IronNet Cybersecurity
IronNet Cybersecurity's founding mission is to redefine cybersecurity based on next generation technology, cutting edge engineering, and a leadership team with decades of military, intelligence, and commercial experience. The company's goal is to continue the mission of securing the nation in cyberspace based on the leadership team's experience in conducting full-spectrum cybersecurity operations and building cybersecurity forces. IronNet provides best-in-class cyber defense using complex behavioral modeling, big-data analytics, and advanced computing capabilities. Founded by General (Ret) Keith Alexander and a team of highly experienced strategic, operational, and technical cybersecurity experts, IronNet Cybersecurity works with companies to deliver the IronNet framework, an end-to-end, next-generation cybersecurity solution that delivers unprecedented network visibility, early threat detection, and targeted, business-informed mitigation actions. The company is based in the Washington, DC metropolitan area. For more information, visit: www.ironnetcyber.com.
About Trident Capital Cybersecurity
Trident Capital Cybersecurity is a venture capital firm that invests in early-stage companies leveraging emerging technologies in cybersecurity. Trident Capital Cybersecurity is a spinout of Trident Capital, which was among the pioneers in cybersecurity venture capital investing, starting in 1998. Managing Directors Alberto Yépez, Don Dixon and Sean Cunningham jointly lead the cybersecurity investment team and are on the boards of Airtight Networks, AlienVault, Blue Cat, Hytrust, IronNet Cybersecurity, Mocana, and Qualys. Renowned as the venture capital firm with the most valuable network of relationships in cybersecurity, Trident Cybersecurity has a 40–person Cybersecurity Advisory Council, including industry CEOs, customers and former top-level government leaders. For more information, visit: www.tridentcybersecurity.com.
About Kleiner Perkins Caufield & Byers
Kleiner Perkins Caufield & Byers (KPCB) partners with the brightest entrepreneurs to turn disruptive ideas into world-changing businesses. The firm has helped build pioneering companies like Amazon, Electronic Arts, Genentech, Google, Nest, Netscape and Twitter. KPCB offers entrepreneurs years of operating experience, puts them at the center of a vast and influential network, and accelerates their success through expertise and support in recruiting, product design and delivery, business development, strategic partnerships and brand building. KPCB invests in all stages from seed and incubation to growth companies and operates from offices in Menlo Park, San Francisco, Shanghai and Beijing. For more information, visit: www.kpcb.com and follow us @kpcb.