IronNet Cybersecurity, a cybersecurity solutions startup has raised $32.5 million in Series A round of funding led by Trident Capital Cybersecurity along with Kleiner Perkins Caufield & Byers.
Founded in 2014 by Keith Alexander, IronNet Cybersecurity redefines cybersecurity based on next generation technology, cutting edge engineering and a strong leadership team with decades of military, intelligence and commercial experience. The founder Keith Alexander was NSA director in 2013 when former agency contractor Edward Snowden revealed that the NSA had snooped with help from technology firms. The main goal of the company is to continue the task of safeguarding the nations in cyberspace. It offers state-of-art cyber defence using complex behavioral modelling, big-data analytics and advanced computing capabilities.
With the fresh funds, IronNet plans to continue developing a comprehensive cyber security solution that focuses to change cyber defense for the private sector. It’s technology is capable to enable real-time visualization of a company’s total cyber infrastructure. Further to the funding, Ted Schlein, a general partner at KPCB has joined the board of directors of IronNet.
“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 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.”