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- Dtex Systems
Dtex Systems Valuation, Funding & Investors
Dtex Systems is valued at $400M as of March 2024.
Last Dtex Systems valuation
$400M
Series E · Mar 2024
Last Dtex Systems funding round
$50M
Series E · Mar 2024
Cumulative funding Dtex Systems raised
$108M
across 6 funding rounds
Key investors in Dtex Systems
Norwest
Wing Venture Capital
CapitalG
Northgate Capital
Four Rivers Group
About Dtex Systems
Dtex Systems is a San Jose-headquartered cybersecurity company that delivers user behavior intelligence platforms for detecting insider threats and credential misuse. Its platform tracks user activities on endpoints across corporate and remote networks while preserving privacy and avoiding performance impacts. Hundreds of global enterprises deploy Dtex to prevent data exfiltration and enhance security visibility. Founded in 2013, the company scales to enterprise-wide use and integrates with existing tools to address gaps in remote work defenses.
Founded
2000
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$400M (Mar 2024)
Dtex Systems Valuation
Dtex Systems is currently valued at $400M, based on its Series E in March 2024.
The $50M round was led by CapitalG.
Dtex Systems' valuation has grown 9.1x from $44M at its Series A in February 2015 to $400M in March 2024, across 3 priced rounds.
Dtex Systems valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2024 | Series E | $400M |
| Dec 2015 | Series B | $44M |
| Feb 2015 | Series A | $44M |
Dtex Systems Funding History
Dtex Systems has raised a total of $108M across 6 funding rounds.
Dtex Systems' first fundraising round was a $15M Series A in February 2015. The most recent completed round was a $50M Series E in March 2024.
Dtex Systems funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2024 | Series E | CapitalG (lead) | $50M | $400M | DTEX Systems is a global leader in insider risk management, offering the InTERCEPT platform that integrates data loss prevention, user behavior analytics, and user activity monitoring to detect and mitigate insider risks before data loss occurs. The company leverages AI, large language models, and behavioral science to provide proactive protection for organizations against insider threats while preserving employee privacy. Founded in 2000 and based in San Jose, California, DTEX targets critical infrastructure, commercial enterprises, financial services, and government sectors. On March 4, 2024, DTEX closed a $50 million Series E funding round led by CapitalG, Alphabet's independent growth fund, bringing total funding to $138 million. The investment validates DTEX's momentum, with the company doubling its ARR growth rate over the past year and achieving its highest number of $1 million+ deals, including its largest ever with a leading financial services firm covering over 800,000 user devices. Funds will expand the U.S. engineering team, grow global go-to-market operations, and accelerate innovations like the Ai3 Risk Assistant, which uses generative AI for insider risk investigations. CapitalG partner James Luo joined the DTEX board, drawing parallels to its successful investments in cybersecurity leaders like CrowdStrike and Zscaler. Post-round, DTEX is valued at more than $400 million. The company reported 118% SaaS business growth in FY2023 at near break-even cash flow, positioning it to disrupt the underserved insider risk management market amid rising enterprise security priorities. DTEX aims to broaden its client base among U.S. government customers and Fortune 500 companies. |
| May 2020 | Series D | Northgate Capital (lead); Four Rivers Group; Norwest | $18M | - | Dtex Systems is a next-generation insider threat cybersecurity company offering a cloud-first, lightweight endpoint architecture for insider threat prevention and business operations intelligence. The company announced a $17.5 million Series D funding round on May 7, 2020, led by Northgate Capital with participation from Norwest Venture Partners and Four Rivers Group. This funding followed revenue doubling in 2019 and aimed to expand into pharmaceuticals, life sciences, and manufacturing beyond existing verticals like banking, financial services, critical infrastructure, government, and defense. |
| Dec 2018 | Series C | Norwest (lead) | $500K | - | - |
| Sep 2017 | Series C | Norwest (lead) | $9M | - | Dtex Systems is an insider threat cybersecurity company providing visibility across endpoints to detect risky behavior, intellectual property theft, and data loss. The firm, headquartered in Silicon Valley, targets enterprises in financial services, critical infrastructure, government, and defense sectors. Dtex Systems raised $9.1 million in its Series C round on August 31, 2017, led by Norwest Venture Partners. This followed a $15 million Series A in February 2015 led by Norwest and Wing Ventures, and a $15.4 million Series B in December 2015. The company continued funding with a Series D of $17.5 million in May 2020 led by Northgate Capital, bringing total raised to over $57 million at that point. Later rounds included a $50 million Series E in March 2024. |
| Dec 2015 | Series B | Norwest (lead) | $15M | $44M | Dtex Systems is a cybersecurity company specializing in insider threat protection. It raised $15 million in a Series A funding round on approximately December 17, 2015, led by Norwest Venture Partners with participation from Wing Venture Capital. The company, originally based in London, relocated its headquarters to Silicon Valley to target Fortune 500 companies amid rising insider threat concerns. The funding supported expansion in the growing cybersecurity market where 89% of companies perceived insider threat risks and 93% planned increased security spending. |
| Feb 2015 | Series A | Norwest (lead); Wing Venture Capital (lead) | $15M | $44M | Dtex Systems raised $15 million in a Series A funding round on February 25, 2015, co-led by Norwest Venture Partners and Wing Venture Capital. The company, originally founded in Australia and later relocating its headquarters to Silicon Valley, develops insider threat protection software using endpoint agents, servers, and analytics to detect risky user behaviors in real-time. The funding supported U.S. market expansion, hiring sales and engineering staff, and targeting Fortune 500 companies amid rising insider threat concerns. At the time, Dtex had established profitability in Asia and Europe but anticipated temporary losses due to growth investments. The post-money valuation stood at $44.31 million. Dtex positioned its lightweight, cloud-first platform for use cases like insider threat prevention and business intelligence, competing with firms such as SpectorSoft, ObserveIT, and Rapid7 in an immature but high-demand market. |
Who has invested in Dtex Systems?
5 investors have backed Dtex Systems across its funding rounds, including Norwest, Wing Venture Capital, CapitalG, Northgate Capital and Four Rivers Group.
Lead investors include CapitalG, Northgate Capital, Norwest and Wing Venture Capital.
Dtex Systems Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Feb 2015 | ||
| 1 | Lead | May 2020 | ||
| 1 | Participant | May 2020 | ||
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Start Free TrialDtex Systems Competitors
Dtex Systems competitors include listed companies like Ropeok Technology Group and Datasection, and private ones like Noma Security, IRONSCALES, Qventus and DualEntry.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $400M | - | ||
| Private | - | - | $340M | - | ||
| Private | - | - | $400M | - | ||
| Publicly listed | $23M | ($28M) | $396M | - | ||
| Private | - | - | $415M | - | ||
| Publicly listed | $216M | $27M | $346M | 1.6x |
Dtex Systems Public Comps
Dtex Systems is still privately-owned, but its public comps include F-Secure, Ropeok Technology Group, Itsec Asia, BTQ Technologies, FFRI Security, Winner Technology, DSC Holdings, Digital Arts, AHNLAB and Cerence.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $168M | $59M | 3.4x | 3.2x | 9.6x | 9.8x | |||
| $23M | ($28M) | 18.6x | - | (15.2x) | - | |||
| $30M | $6M | 13.3x | 10.5x | 63.6x | 38.5x | |||
| $226K | ($18M) | 1720.6x | 266.9x | (21.8x) | - | |||
| $28M | $10M | 13.4x | 13.7x | 38.3x | - | |||
| $46M | ($7M) | 9.0x | - | (60.9x) | - | |||
| $101M | ($10M) | 3.3x | - | (34.3x) | - | |||
| $70M | $37M | 3.9x | 3.7x | 7.3x | - | |||
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Common questions about Dtex Systems
| When was Dtex Systems founded? | Dtex Systems was founded in 2000. |
| Where is Dtex Systems headquartered? | Dtex Systems is headquartered in San Jose, CA, United States. |
| Is Dtex Systems publicly listed? | No, Dtex Systems is a private, VC-backed company. |
| What is Dtex Systems' valuation? | Dtex Systems was last valued at $400M in its Series E in March 2024. |
| How much funding has Dtex Systems raised? | Dtex Systems has raised $108M across 6 funding rounds. |
| What was Dtex Systems' last funding round? | Dtex Systems' last funding round was a $50M Series E in March 2024, led by CapitalG. |
| Who are Dtex Systems' investors? | Dtex Systems' investors include Norwest, Northgate Capital, Four Rivers Group, CapitalG and Wing Venture Capital. |
| Which companies are comparable to Dtex Systems? | Companies comparable to Dtex Systems include Noma Security, IRONSCALES, Qventus, Ropeok Technology Group, DualEntry and Datasection. |
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