Led · Equity · Sep 2023

IronNet is a cybersecurity company whose mission is to provide collective security to the U.S. and its key allies. The article reports on financing provided to enable a restructuring of the company. C5 Capital and its partners delivered a term sheet to IronNet's board to fund that restructuring. C5 Capital funded IronNet with $300,000 on August 29 and provided a $1M note on September 1 as additional bridge financing. Since January 2023 C5 Capital and its partners have been the sole funders, supplying $15.176M of financing in total. The article states C5 and its partners are committed to continued support; no other product or financial metrics are provided. IronNet Cybersecurity provides cyber defense using complex behavioral modeling, big-data analytics, and advanced computing to deliver network visibility and early threat detection. It offers targeted, business-informed mitigation actions and collective defense by sharing and correlating threat and event data across multiple companies and sectors. The company was founded by Gen. (Ret.) Keith Alexander, the former Director of the National Security Agency and founding commander of U.S. Cyber Command. Headquartered in Fulton, MD, IronNet raised $78M in a Series B to fund strategic growth. It plans to use the proceeds to expand in Europe, Asia, and the Middle East and to develop and drive adoption of its cybersecurity solutions. IronNet Cybersecurity is a Washington, DC-based provider of cybersecurity solutions founded in 2014 by CEO Keith Alexander. The company has developed technology that employs advanced behavioral models and petabyte-scale analytics to enable real-time visualization of a company's entire cyber infrastructure. Its platform is designed to detect anomalous activity and support proactive mitigation. IronNet raised $32.5M in a Series A round led by Trident Capital Cybersecurity with participation from Kleiner Perkins Caufield & Byers. Ted Schlein, General Partner of KPCB, will join IronNet’s existing board of directors in conjunction with the funding. The company intends to use the funds to continue developing its cybersecurity solution.

Participated · Equity · Oct 2022

RapidSOS builds mission-critical artificial-intelligence tools for emergency response, connecting data from more than 600 million devices, sensors and cameras to 22,000+ federal, state, local and defense agencies. Its flagship product, RapidSOS HARMONY, automatically detects emergencies, unifies real-time data and video feeds, and helps coordinate faster, more effective responses. The company’s safety network is used by one million first-responder professionals and has supported over one billion emergencies across a dozen countries. RapidSOS collaborates with more than 200 global enterprises, including half of the U.S. Fortune 10, to modernize 911 and field-response workflows. With the new capital, the team plans to deepen AI-driven interoperability, scale its safety network, and expand internationally while targeting the prevention of one million emergencies by 2030. Having now raised more than $450 million in total, RapidSOS is currently the highest-funded emergency-response AI company.

Participated · Series B · Apr 2022

Enveil commercializes homomorphic encryption and secure multiparty computation to let organizations analyze and use encrypted data without decrypting it. Its product suite, marketed under the ZeroReveal brand, includes an encrypted search tool and a machine-learning product for collaborative and federated ML in a secure, private manner. The company says its IP enables complex business functionality by embedding addition and multiplication into encryption workflows. Enveil has seen a 300% increase in revenue since its February 2020 Series A and counts several strategic investors as paying customers. The startup plans to use new funding to expand its product lineup and to invest in sales and marketing to grow its customer base. The CEO is Ellison Anne Williams. Enveil builds an API-based homomorphic encryption product called ZeroReveal that enables computation on encrypted data without requiring changes to existing compute environments. ZeroReveal is a two-party setup with a client app inside an enterprise network and a server app deployed where data resides; together they act as a point-to-point proxy to protect analytics and interactions. The product complements data-at-rest and data-in-transit encryption, and the company has filed 13 patent applications related to its approach. Enveil has kept a low profile for roughly three years and was founded by Ellison Anne Williams, a former National Security Agency senior researcher and former senior scientist at the Johns Hopkins University Applied Physics Laboratory. With the new funding, Enveil plans to expand its product line, grow customer support and sales teams, and cultivate traction in both commercial and government markets. Financially, the company announced a $10 million Series A that brings total funding to approximately $15 million. Enveil develops a Never Decrypt computation capability that lets enterprises perform search and analytics without exposing data during processing, protecting Data in Use. Its platform enables secure operations on both encrypted and unencrypted data in the cloud, on‑premises, or hybrid environments. The company cites traction with customers in the financial industry and use cases such as secure data monetization, crown‑jewel protection, secure cloud migration, and GDPR compliance. Enveil plans to use the new capital to enhance its platform, expand operations, hire growth‑oriented roles, and execute a go‑to‑market strategy to increase availability for commercial and government enterprises worldwide. The company was founded by U.S. Intelligence Community alumni and highlights prior recognition, including winning the 2017 RSA Conference Innovation Sandbox.

Led · Series A · Aug 2021

Kevala offers the Assessor Platform, an interactive cloud-based grid analytics toolbox that combines public and client data to visualize and model distribution infrastructure. The platform uses large-scale datasets (terabytes) and AI-driven visualization to predict impacts from extreme weather, renewable adoption and electrification. Kevala has nearly the entire U.S. mapped for above-ground distribution infrastructure and sources data from satellite imagery and public records. The company plans to increase deployment of its grid analytics tools and expand services into cybersecurity and national security. Kevala said it will grow its headcount from about 60 employees to around 100 by the end of 2021. The company also intends to expand coverage internationally.

Led · Equity · Aug 2021

Oomnitza provides a SaaS-based Enterprise Technology Management solution that integrates and manages diverse technology portfolios including endpoints, applications, cloud infrastructure, networking and accessories. Its platform serves as a single source of truth and orchestrates lifecycle processes from purchase through end-of-life to keep assets secure, compliant and optimized. The company says more than 150 customers, including technology unicorns and Fortune 500 firms representing over $3 trillion of market capitalization, use its solution. Oomnitza plans to boost product innovation, expand market reach, and develop new approaches to address the evolving hybrid IT and security landscape using the new capital. The company is headquartered in San Francisco, CA. Financially, Oomnitza has completed a $20 million growth funding and has raised $35 million in total to date. Oomnitza offers a SaaS platform that secures, operates, and manages an enterprise’s complete digital estate, correlating assets with people across the entire asset lifecycle. The platform addresses security, compliance, procurement and employee experience while automating manual IT processes by leveraging systems already in customers' environments. It inventories and manages end-user hardware, installed and SaaS software, networking infrastructure, virtual cloud services, retail devices, healthcare machines and a broad variety of IT assets. More than 130 enterprise and Fortune 500 customers across industries already rely on Oomnitza. The company is headquartered in San Francisco and says its architecture delivers fast time to value as organizations undergo digital transformation. Oomnitza plans to expand its solutions portfolio and customer base as it continues to scale. Oomnitza provides a cloud-based platform that inventories and manages IT equipment (laptops, screens, hard drives) and associated metadata such as warranty expirations and OS update status. The product can automate actions—example: it can trigger a Zendesk ticket when a warranty is 30 days from expiration—and includes a native mobile app. The company targets large enterprises and lists customers such as New Relic, Ping Identity, and RingCentral. Oomnitza was founded in 2012 and has grown to 22 customers while operating with a very small team (three employees at the time of the article). The founders participated in Silicon Valley’s enterprise-focused Alchemist Accelerator, where they picked up contacts, know-how, and some funding, and they graduated from the program to gain exposure to top-tier investors. To date the company has raised $250,000.