Strider Technologies Funding, Investors & Competitors

Strider Technologies has raised $112M across 4 funding rounds, most recently a $55M Series C in September 2024.

Last Strider Technologies funding round

$55M

Series C · Sep 2024

Cumulative funding Strider Technologies raised

$112M

across 4 funding rounds

Key investors in Strider Technologies

  • DataTribe
  • Valor Equity Partners
  • Koch Disruptive Technologies
  • One 9 Investments
  • Pelion Venture Partners
  • AVP
  • Cyfr Capital

Strider Technologies Overview

About Strider Technologies

Strider Technologies is a strategic intelligence firm headquartered in Salt Lake City, Utah. The company applies AI to public data sources for mapping technology landscapes, detecting IP theft risks, and identifying talent poaching by nation-state actors. Clients in semiconductors, biotech, and defense use Strider's platform to secure supply chains and innovation pipelines against espionage threats.


Founded

2019

HQ

United StatesSalt Lake City, UT

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Strider Technologies Funding History

Strider Technologies has raised a total of $112M across 4 funding rounds.

Strider Technologies' first fundraising round was a $2M seed round in May 2019. The most recent completed round was a $55M Series C in September 2024.

Strider Technologies funding rounds

Strider Technologies funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2024Series CPelion Venture Partners (lead); AVP; DataTribe; Valor Equity Partners; Cyfr Capital$55MStrider Technologies, a leading provider of strategic intelligence, leverages AI and proprietary methodologies to transform publicly available data into insights that help organizations address risks from state-sponsored intellectual property theft, talent acquisition, and supply chain vulnerabilities. The company operates in 10 countries with offices in Salt Lake City, Washington DC, Tokyo, and London, serving industry, government, and academia amid geopolitical threats from nation-state adversaries. Since launching in May 2019, Strider has grown to nearly 200 employees and secured multiple patents, establishing itself as a first mover in the category. On September 12, 2024, Strider closed a $55 million Series C funding round led by Pelion Venture Partners, marking the firm's largest single investment, with participation from AXA Venture Partners (AVP), and existing investors Valor Equity Partners, DataTribe, and Cyfr Capital. Blake Modersitzki from Pelion will join the board. This brings total venture funding to $110 million across rounds. The investment supports rapid revenue growth, AI-driven platform development, international expansion into Europe and Asia, and deeper public sector penetration. CEO Greg Levesque emphasized the funding's role in scaling the platform to equip more organizations globally against geopolitical threats. Pelion highlighted Strider's creation of a new market category in a massive market addressing nation-state risks. Prior to this, Strider raised $45 million in Series B in April 2022 led by Valor Equity Partners, contributing to earlier growth in product development and team expansion.
Apr 2022Series BValor Equity Partners (lead); Koch Disruptive Technologies; DataTribe; One 9 Investments$45MStrider Technologies, launched in May 2019, provides proprietary data and software for strategic intelligence, helping Fortune 500 companies, government agencies, and research institutions identify, manage, and respond to nation-state activities targeting personnel, intellectual property, and supply chains. On April 27, 2022, the company closed a $45 million Series B funding round led by Valor Equity Partners, with participation from existing investors DataTribe, Koch Disruptive Technologies, and One9 Ventures. This brought total venture capital funding to $57 million, supporting product development, team growth, and meeting demand in sectors like semiconductors, pharmaceuticals, aerospace and defense, energy, and chemicals. The investment coincided with rapid growth, including over 450% increase in annual recurring revenue in 2021 and 100% customer retention. Strider serves premier Fortune 500 clients and government agencies. Costa Saab from Valor Equity Partners joined the board. Subsequently, Strider raised $55 million in a Series C round on September 12, 2024, led by Pelion Venture Partners, with participation from AXA Venture Partners, Valor Equity Partners, DataTribe, and Cyfr Capital, bringing total funding to $110 million. The funds supported AI-driven platform development, international expansion into Europe and Asia, and public sector growth. By then, the company had nearly 200 employees and multiple patents.
Oct 2020Series AKoch Disruptive Technologies (lead); DataTribe; One 9 Investments$10MStrider Technologies develops software tools to identify, assess, and remediate economic statecraft risks, enabling organizations to protect personnel, innovation, and supply chains from nation-state threats like economic espionage. The company offers a subscription-based SaaS platform for Fortune 500 companies, government agencies, and research institutions. Strider operates from Washington, D.C., Salt Lake City, Utah, and South Jordan, Utah. On October 27, 2020, Strider closed a $10 million Series A funding round led by Koch Disruptive Technologies, with participation from One9 Ventures and existing investor DataTribe. Michael Palmer, president of i360 (a Koch Industries subsidiary), joined the board. The funding supports scaling operations amid growing demand for Strider's platform addressing security gaps and compliance needs. Strider was founded in May 2019 by Greg Levesque (CEO), Eric Levesque (Chief Strategy Officer), and Mike Brown (CTO), all Utah State University alumni.
May 2019SeedDataTribe (lead)$2M-

Who has invested in Strider Technologies?

7 investors have backed Strider Technologies across its funding rounds, including DataTribe, Valor Equity Partners, Koch Disruptive Technologies, One 9 Investments, Pelion Venture Partners and AVP.

Lead investors include Pelion Venture Partners, Valor Equity Partners, Koch Disruptive Technologies and DataTribe.


Strider Technologies Investors

Investors in Strider Technologies by funding rounds participated
InvestorHQRoundsRoleFirst check
DataTribeUnited StatesUnited States4LeadMay 2019
Koch Disruptive TechnologiesUnited StatesWichita, KS2LeadOct 2020
Valor Equity PartnersUnited StatesChicago, IL2LeadApr 2022
One 9 InvestmentsCanadaOttawa2ParticipantOct 2020
AVPFranceParis1ParticipantSep 2024

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Strider Technologies Competitors

Strider Technologies competitors include listed companies like Clarivate, SAP and Snowflake, and private ones like Anthropic, OpenAI and Databricks.

Public and private companies comparable to Strider Technologies
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ClarivateUnited KingdomUnited KingdomPublicly listed$2.5B$829M$1.2B2.2x
AnthropicUnited StatesSan Francisco, CAPrivate$47B-$965B20.5x
OpenAIUnited StatesSan Francisco, CAPrivate$25B-$852B34.1x
SAPGermanyGermanyPublicly listed$42B$13B$248B5.4x
DatabricksUnited StatesSan Francisco, CAPrivate$7B-$190B27.1x
SnowflakeUnited StatesUnited StatesPublicly listed$4.7B($1.3B)$119B21.0x

Strider Technologies Public Comps

Strider Technologies is still privately-owned, but its public comps include CrowdStrike, SAP, Salesforce, ServiceNow, Snowflake, Accenture, Adobe, Datadog, Moody's and RELX.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
SAP$42B$13B5.8x5.4x18.4x17.1x
Salesforce$42B$13B5.5x5.2x17.8x12.2x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Accenture$70B$12B1.7x1.6x10.1x8.4x
Adobe$24B$9.3B4.3x3.9x10.9x8.2x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x

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Common questions about Strider Technologies

When was Strider Technologies founded?Strider Technologies was founded in 2019.
Where is Strider Technologies headquartered?Strider Technologies is headquartered in Salt Lake City, UT, United States.
Is Strider Technologies publicly listed?No, Strider Technologies is a private, VC-backed company.
How much funding has Strider Technologies raised?Strider Technologies has raised $112M across 4 funding rounds.
What was Strider Technologies' last funding round?Strider Technologies' last funding round was a $55M Series C in September 2024, led by Pelion Venture Partners.
Who are Strider Technologies' investors?Strider Technologies' investors include DataTribe, Koch Disruptive Technologies, Valor Equity Partners, One 9 Investments, AVP, Pelion Venture Partners and Cyfr Capital.
Which companies are comparable to Strider Technologies?Companies comparable to Strider Technologies include Clarivate, Anthropic, OpenAI, SAP, Databricks and Snowflake.

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