IronNet, a cybersecurity company founded by the former director of the National Security Agency and head of U.S. Cyber Command, secured $32.5 million in a Series A funding round.
The company announced Sunday (Oct. 25) that the new capital will be used to continue its efforts to revolutionize cybersecurity in the private sector. IronNet monitors a company’s IT infrastructure via real-time visualization, using behavioral models and analytics to identify abnormal activity and support mitigation efforts.
“Criminal syndicates and nation states are inflicting tremendous harm on the private sector, costing hundreds of billions of dollars annually,” IronNet CEO and Founder Keith Alexander said in a press release.
“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,” he added.
IronNet’s funding round was led by Trident Capital Cybersecurity (Trident Capital Cyber) and joined by Kleiner Perkins Caufield & Byers (KPCB).
“The need for new approaches to secure the world’s computer systems has reached a crisis level, requiring unique solutions to address a wide array of digital infrastructure security issues,” Don Dixon, founder and managing director of Trident Capital Cyber and member of IronNet’s board of directors, said.
“With combined experience of more than 100 years in top posts at the NSA, U.S. Cyber Command, National Counterterrorism Center and Army Intelligence, IronNet will clearly be one of the leaders developing these solutions.”
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