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- Twenty Technologies
Twenty Technologies Valuation, Funding & Investors
Twenty Technologies is valued at $1.2B as of July 2026.
Last Twenty Technologies valuation
$1.2B
Series B · Jul 2026
Last Twenty Technologies funding round
$30M
Series B · Jul 2026
Cumulative funding Twenty Technologies raised
$168M
across 3 funding rounds
Key investors in Twenty Technologies
General Catalyst
Caffeinated Capital
IQT
Friends & Family Capital
Tim Junio
Accel
About Twenty Technologies
Twenty Technologies is a provider of cyber warfare software automating offensive operations. Based in the United States, it accelerates threat detection, exploitation, and mission execution for defense and security applications.
Founded
2024
HQ
Website
Status
Privately held
Customer focus
B2G & B2B
Revenue model
Product sales, Subscription
Valuation
$1.2B (Jul 2026)
Twenty Technologies Valuation
Twenty Technologies is currently valued at $1.2B, based on its Series B in July 2026.
The $30M round was led by Khosla Ventures.
Twenty Technologies' valuation has grown 1.2x from $1B at its Series B in June 2026 to $1.2B in July 2026, across 2 priced rounds.
Twenty Technologies valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2026 | Series B | $1.2B |
| Jun 2026 | Series B | $1B |
Twenty Technologies Funding History
Twenty Technologies has raised a total of $168M across 3 funding rounds.
Twenty Technologies' first fundraising round was a $38M Series A in November 2025. The most recent completed round was a $30M Series B in July 2026.
Twenty Technologies funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2026 | Series B | Khosla Ventures (lead) | $30M | $1.2B | Twenty raised an additional $30 million from Khosla Ventures in July 2026 at a $1.2 billion valuation. The investment followed a recently announced $100 million Series B led by Accel at a $1 billion valuation, bringing total funding to $168 million. The new capital was described as a Series B extension and is intended to support heavy investment in R&D and expansion in Washington, D.C. and New York. The round also reinforced Twenty’s positioning in cyber warfare and national security technology, with prior backing from investors including Accel, Point72 Ventures, Friends & Family Capital, Caffeinated Capital, General Catalyst, and In-Q-Tel. Twenty is an Arlington, Virginia-based cyber warfare startup founded in 2024. It specializes in AI-enabled cyber operations and has characterized its mission as building technology for offensive cyber capabilities and supporting U.S. cyber operations infrastructure. |
| Jun 2026 | Series B | Accel (lead); Caffeinated Capital (lead); Tim Junio (lead); General Catalyst; Point72 Ventures; Friends & Family Capital; IQT | $100M | $1B | Twenty Technologies raised a $100 million Series B round at a $1 billion valuation, becoming America's first venture-backed cyber-warfare company. The round was led by Accel, with participation from Point72 Ventures, Caffeinated Capital, and Friends & Family Capital, lifting Twenty's total capital raised to $138 million since its founding in 2024. This funding elevates Twenty to unicorn status and signals that the national security sector's shift toward investable cyber capabilities—similar to trends seen with Anduril and Palantir—has now reached its most sensitive corner. The company will use the proceeds to finance research and development initiatives, specifically to advance its AI-enabled offensive cyber capabilities for the U.S. military and intelligence community. Twenty, co-founded by Joseph Lin, Félix Malfait, Charles Bochet, and Thomas des Francs, describes itself as having already reached operational deployment, with the new capital aimed at accelerating its mission to strengthen U.S. and allied cyber deterrence capabilities by increasing the speed, scale, and impact of offensive and defensive operations in cyberspace. |
| Nov 2025 | Series A | Caffeinated Capital (lead); General Catalyst; Friends & Family Capital; Tim Junio; Matt Kraning; IQT | $38M | - | Twenty Technologies, founded in 2024, emerged from stealth on November 20, 2025, announcing a $38 million Series A funding round led by Caffeinated Capital, with participation from General Catalyst and In-Q-Tel. The company builds intelligent, full-lifecycle cyber warfare systems to accelerate U.S. and allied offensive cyber operations at industrial scale, applying advanced software engineering to a domain lacking commercial innovation. Co-founded by veterans and elite operators, Twenty has partnered with the U.S. military and Intelligence Community to deploy end-to-end agentic systems. The round follows a seed investment led by Timothy Junio, co-founder and former CEO of Expanse (acquired by Palo Alto Networks for $1.25B in 2020). Junio highlighted the team's strength, including world-class technologists, former military and agency operators, and business leaders who have secured over $100M in government contracts. Raymond Tonsing of Caffeinated Capital emphasized Twenty's role in closing U.S. cyber operation gaps against sophisticated adversaries, positioning it as a critical national security investment. Silicon Legal Strategy represented Caffeinated Capital in the transaction. The funding aims to transform cyber warfare technologies, supporting military and intelligence capabilities to deter adversaries. |
Who has invested in Twenty Technologies?
9 investors have backed Twenty Technologies across its funding rounds, including General Catalyst, Caffeinated Capital, IQT, Friends & Family Capital, Tim Junio and Accel.
Lead investors include Khosla Ventures, Accel, Caffeinated Capital and Tim Junio.
Twenty Technologies Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Nov 2025 | ||
| 2 | Participant | Nov 2025 | ||
| 2 | Lead | Nov 2025 | ||
| 2 | Participant | Nov 2025 | ||
| 2 | Lead | Nov 2025 | ||
| 1 | Participant | Jun 2026 | ||
| 1 | Lead | Jul 2026 | ||
This data is available for Pro users. Sign up to see all 9 Twenty Technologies investors. Start Free Trial | ||||
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Start Free TrialTwenty Technologies Competitors
Twenty Technologies competitors include listed companies like Red Violet and Radware, and private ones like Glow, ShelterZoom, ThreatLocker and Torq.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1.2B | - | ||
| Private | - | - | $1.2B | - | ||
| Private | $24M | - | $1.2B | - | ||
| Publicly listed | $90M | $24M | $1.2B | 11.7x | ||
| Publicly listed | $302M | $20M | $1.3B | 3.4x |
Twenty Technologies Public Comps
Twenty Technologies is still privately-owned, but its public comps include Eastcompeace Tech, Red Violet, Radware, DPtech, NSFOCUS, Secunet, BeiJing Certificate, CloudWalk, Yubico and Rapid7.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $197M | $26M | 4.8x | - | 36.4x | - | |||
| $90M | $24M | 13.2x | 11.7x | 50.0x | 31.7x | |||
| $302M | $20M | 3.6x | 3.4x | 56.1x | 23.2x | |||
| $182M | $25M | 5.3x | 4.9x | 39.0x | - | |||
| $379M | $37M | 2.6x | 2.4x | 26.1x | 25.6x | |||
| $528M | $86M | 2.8x | 2.6x | 17.3x | 16.3x | |||
| $125M | ($12M) | 6.7x | - | (70.9x) | - | |||
| $75M | ($75M) | 18.8x | 19.1x | (18.7x) | - | |||
This data is available for Pro users. Sign up to see all Twenty Technologies competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Twenty Technologies
| When was Twenty Technologies founded? | Twenty Technologies was founded in 2024. |
| Where is Twenty Technologies headquartered? | Twenty Technologies is headquartered in Washington, DC, United States. |
| Is Twenty Technologies publicly listed? | No, Twenty Technologies is a private, VC-backed company. |
| What is Twenty Technologies' valuation? | Twenty Technologies was last valued at $1.2B in its Series B in July 2026. |
| How much funding has Twenty Technologies raised? | Twenty Technologies has raised $168M across 3 funding rounds. |
| What was Twenty Technologies' last funding round? | Twenty Technologies' last funding round was a $30M Series B in July 2026, led by Khosla Ventures. |
| Who are Twenty Technologies' investors? | Twenty Technologies' investors include General Catalyst, Friends & Family Capital, Tim Junio, IQT, Caffeinated Capital, Point72 Ventures, Khosla Ventures, Matt Kraning and Accel. |
| Which companies are comparable to Twenty Technologies? | Companies comparable to Twenty Technologies include Glow, ShelterZoom, ThreatLocker, Torq, Red Violet and Radware. |
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