IronNet Cybersecurity Funding, Investors & Competitors

IronNet Cybersecurity has raised $111M across 2 funding rounds, most recently a $78M Series B in May 2018.

Last IronNet Cybersecurity funding round

$78M

Series B · May 2018

Cumulative funding IronNet Cybersecurity raised

$111M

across 2 funding rounds

Key investors in IronNet Cybersecurity

  • Kleiner Perkins
  • Forgepoint Capital
  • Kensington Capital Partners Limited
  • C5 Capital

IronNet Cybersecurity Overview

About IronNet Cybersecurity

IronNet Cybersecurity is an Austin-headquartered network security company delivering real-time threat defense platforms for enterprises and governments. Its solutions integrate behavioral analytics and collective defense capabilities to counter advanced cyber threats across networks.


Founded

2014

HQ

United StatesWashington, DC

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Subscription

IronNet Cybersecurity Funding History

IronNet Cybersecurity has raised a total of $111M across 2 funding rounds.

IronNet Cybersecurity's first fundraising round was a $33M Series A in October 2015. The most recent completed round was a $78M Series B in May 2018.

IronNet Cybersecurity funding rounds

IronNet Cybersecurity funding rounds
DateStageInvestorsRaisedDeal Summary
May 2018Series BC5 Capital (lead); Kleiner Perkins; Forgepoint Capital; Kensington Capital Partners Limited$78MIronNet Cybersecurity announced a $78 million Series B funding round in May 2018, led by C5 Capital with participation from ForgePoint Capital (formerly Trident Capital Cybersecurity) and Kleiner Perkins. This brought total funding to $110.5 million. The company's IronDefense product provides behavioral detection, visibility, risk prioritization, and packet-level threat hunting for enterprise-scale deployment, while IronDome technology enables machine-speed sharing of threat events and industry-wide visibility of malicious activity. The company uses complex behavioral modeling, big-data analytics, and advanced computing to deliver network visibility and early threat detection with targeted mitigation actions. The new funding was intended to accelerate strategic growth, expand development and adoption of cybersecurity solutions, and establish additional IronDome collective defense systems in the financial and healthcare sectors, with international expansion planned for Europe, Asia, and the Middle East. However, specific post-money valuation figures, revenue metrics, and EBITDA data were not disclosed in the available press releases and news sources covering this funding round.
Oct 2015Series AForgepoint Capital (lead); Kleiner Perkins$33MIronNet Cybersecurity, founded in 2014 by former NSA Director Keith Alexander and a team of ex-Defense Department leaders, cyber experts, and commercial specialists, raised $32.5 million in a Series A funding round on October 25, 2015. The round was led by Trident Capital Cybersecurity (later rebranded as ForgePoint Capital) and joined by Kleiner Perkins Caufield & Byers. The capital was intended to develop a comprehensive cybersecurity solution revolutionizing private sector cyber defense through real-time visualization of cyber infrastructure, advanced behavioral models, petabyte-scale analytics for anomalous activity detection, high-performance computing for threat identification, and real-time threat propagation across ecosystems with active response capabilities. The company's technology aimed to address escalating threats from criminal syndicates and nation-states costing the private sector hundreds of billions annually, providing unprecedented network visibility, data control, and security where traditional defenses fell short. CEO Alexander emphasized accelerating growth and scaling the IronNet product line with this funding from respected investors. This Series A followed IronNet's founding and preceded a $78 million Series B in 2018 led by C5 Capital, with participation from ForgePoint Capital and Kleiner Perkins, bringing total funding to over $110 million and noting a valuation well above the 2015 round. The Series B supported strategic growth, product development, hiring, international expansion, and IronDome collective defense systems in sectors like finance and healthcare. IronNet focused on behavioral detection, visibility, risk prioritization, packet-level threat hunting, and enterprise-scale deployment outperforming competitors.

Who has invested in IronNet Cybersecurity?

4 investors have backed IronNet Cybersecurity across its funding rounds, including Kleiner Perkins, Forgepoint Capital, Kensington Capital Partners Limited and C5 Capital.

Lead investors include C5 Capital and Forgepoint Capital.


IronNet Cybersecurity Investors

Investors in IronNet Cybersecurity by funding rounds participated
InvestorHQRoundsRoleFirst check
Kleiner PerkinsUnited StatesSan Francisco, CA2ParticipantOct 2015
Forgepoint CapitalUnited StatesSan Francisco, CA2LeadOct 2015

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IronNet Cybersecurity Competitors

IronNet Cybersecurity competitors include listed companies like Palo Alto Networks, CrowdStrike, IBM and Fortinet, and private ones like Safe Superintelligence and Cyera.

Public and private companies comparable to IronNet Cybersecurity
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Palo Alto NetworksUnited StatesUnited StatesPublicly listed$11B$1B$307B25.9x
CrowdStrikeUnited StatesUnited StatesPublicly listed$4.8B($12M)$252B44.5x
IBMUnited StatesUnited StatesPublicly listed$68B$17B$224B4.0x
FortinetUnited StatesUnited StatesPublicly listed$6.8B$2.3B$127B15.9x
Safe SuperintelligenceUnited StatesSan Francisco, CAPrivate--$32B-
CyeraUnited StatesNew York City, NYPrivate$150M-$12B80.0x

IronNet Cybersecurity Public Comps

IronNet Cybersecurity is still privately-owned, but its public comps include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Cloudflare, Okta, Zscaler, F5, Rubrik and Gen Digital.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palo Alto Networks$11B$1B26.7x25.9x301.1x76.9x
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
IBM$68B$17B4.2x4.0x16.9x14.6x
Fortinet$6.8B$2.3B18.1x15.9x53.7x41.9x
Cloudflare$2.2B($25M)54.6x44.3x(4653.4x)185.1x
Okta$2.9B$245M10.6x10.0x126.4x36.4x
Zscaler$3.4B$42M9.1x8.9x721.8x32.5x
F5$3.1B$901M7.5x6.9x25.8x18.3x

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Common questions about IronNet Cybersecurity

When was IronNet Cybersecurity founded?IronNet Cybersecurity was founded in 2014.
Where is IronNet Cybersecurity headquartered?IronNet Cybersecurity is headquartered in Washington, DC, United States.
Is IronNet Cybersecurity publicly listed?No, IronNet Cybersecurity is a private, VC-backed company.
How much funding has IronNet Cybersecurity raised?IronNet Cybersecurity has raised $111M across 2 funding rounds.
What was IronNet Cybersecurity's last funding round?IronNet Cybersecurity's last funding round was a $78M Series B in May 2018, led by C5 Capital.
Who are IronNet Cybersecurity's investors?IronNet Cybersecurity's investors include Kleiner Perkins, Forgepoint Capital, C5 Capital and Kensington Capital Partners Limited.
Which companies are comparable to IronNet Cybersecurity?Companies comparable to IronNet Cybersecurity include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Safe Superintelligence and Cyera.

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