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IronNet

CybersecurityUSAClosed 2023

Total Raised

$400M

Peak Valuation

$1.20B

Employees

Year Collapsed

2023

Business model

Network threat detection and collective defense platform for corporations and government agencies, using shared threat intelligence across client networks.

In brief

Founded by the former director of the NSA just after he departed the agency during the Edward Snowden leaks, IronNet built genuine credibility around government-grade threat intelligence and went public via SPAC at a $1.2 billion valuation. Investors later alleged in a securities…

See the What Happened tab for the full account.

Key facts

Founded
2014
Closed
2023
Headquarters
McLean, USA
Industry
Cybersecurity
Employees
Revenue
Undisclosed

Related failures

Often compared with: CrowdStrike, Palo Alto Networks.