Maryland-based IronNet Cybersecurity raises $78M Series B - Technical.ly Baltimore

Business

May 4, 2018 10:49 am

Maryland-based IronNet Cybersecurity raises $78M Series B

The Fulton-based company founded by former NSA chief Keith Alexander is also talking publicly about a platform designed to help share information about cyber threats.

NSA headquarters at Fort Meade.

(Photo via Wikimedia Commons)

IronNet Cybersecurity, a Fulton, Md.-based company founded by former National Security Agency director Keith Alexander, raised $78 million in Series B funding, as it looks to expand its platform into energy and finance.

The round was led by C5 Capital, with existing Silicon Valley–based investors ForgePoint Capital and Kleiner Perkins also participating.

News of the round was first reported by Reuters, and the company also publicly talked about threat-sharing technology called IronDome for the first time. The platform is designed to help companies share information about threats, attacks and analysis. While the 150-employee company also makes a platform that alerts companies about imminent cyber threats that’s a common product for such companies, the information-sharing platform addresses a need often voiced by policymakers.

“If our nation is under attack by another nation, we need to be able to share information in time to be able to prevent it,” Alexander told Reuters.

One area of focus is critical infrastructure, which is a focus of increasing attention from cyber experts as capabilities of other countries get more magnified. IronNet disclosed that six energy providers are currently using the platform, but declined to name them. Like many cyber companies, IronNet is also looking to work with healthcare and financial companies that face threats due to the sensitive data they possess.

Advertisement

Alexander, who is CEO, founded the company after retiring from the NSA in 2013, with former National Counterterrorism Director Matt Olsen, former U.S. Cyber Command Director of Exercise and Training George Lamont and NSA Science Advisor James Heath.

-30-
LEAVE A COMMENT

Advertisement

Johns Hopkins startup gets funding from company turning research into businesses

Serverless security startup Protego raises $2M in seed funding

Power Moves: Charlotte James joining Common Curriculum

SPONSORED

Baltimore

How Think|Stack and Year Up are cultivating local tech talent

Baltimore, MD 21201

14 West

Email Production Associate

Apply Now
3500 Boston St, Baltimore, MD 21224

SmartLogic

Sales and Business Analyst

Apply Now
Baltimore or remote

Fastspot

Back-end Web Developer

Apply Now

Ready Robotics is moving its HQ to Columbus, Ohio

Tenable joins Cyber Tech Accord

Fintech startup Cerebro Capital is using data to help midsize companies find loans

SPONSORED

Baltimore

Let these free workshops help your business really take off

Baltimore, MD 21201

14 West

Messaging Product Manager

Apply Now
Philadelphia, PA

160over90

Digital Creative Director

Apply Now
Baltimore, MD 21201

14 West

Front-End Web Developer

Apply Now

Sign-up for regular updates from Technical.ly

Do NOT follow this link or you will be banned from the site!