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NightDragon

101 2nd St, Suite 1275, San Francisco, CA, 94105, United States

Overview

NightDragon is an investment and advisory firm focused on growth and late-stage investments within the cybersecurity, safety, security and privacy industries. Its platform and vast industry network provide unparalleled threat insights, deal flow, market leverage and operating expertise to drive portfolio company growth and increase shareholder value. Founded by Dave DeWalt, the NightDragon team has more than 25 years of operational and market expertise leading technology companies such as Documentum, EMC, Siebel Systems (Oracle), McAfee, Mandiant, Avast and FireEye. Read more about NightDragon at www.nightdragon.com.

Total investments
32
Lead investments
18
Investments · 12mo
4
Active investors
3

Sector focus

  • Cyber Security
  • Finance
  • National Security
  • Privacy
  • Public Safety
  • Venture Capital
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Investment portfolio

  • Horizon3.ai

    Led · Series E · Aug 2026

    Horizon3.ai develops AI specifically designed to perform autonomous, authorized penetration testing across live infrastructure via its NodeZero platform. The platform is built to test live systems without shutting down operations and to scan entire infrastructures continuously rather than sampling a small percentage. The company reports having run 310,000 production security tests with zero disruptions and serves roughly 7,200–7,300 customers ranging from managed service providers to Fortune 10 enterprises. Horizon3 approached $100 million in annual recurring revenue last year and achieved 120% year-over-year growth. Its founders, who met while serving at Joint Special Operations Command, have reinvested heavily in product development—about $100 million in R&D to date. The company is expanding internationally with new offices and a growing partner network while positioning itself to address accelerating AI-driven attack threats.

  • Armada

    Participated · Series B · May 2026

    Armada builds and delivers modular AI infrastructure — including Galleon manufacturing systems, Leviathan megawatt-scale modular data centers, and Triton portable units — for high-density training, inference, sovereign neo-cloud and multi-tenant compute environments. The company has documented rapid commercial traction, reporting 540% customer bookings growth in FY25–26 and a 2000% bookings increase in Q1 FY27 year-over-year. Armada has supported defense and commercial deployments, including a rapid Triton field deployment for a defense ally, a U.S. Navy edge deployment during a multinational exercise, a WinDC renewable-energy-backed AI factory deployment in Australia, and trials with Aker BP for offshore rig use. Armada is expanding manufacturing capacity with Galleon Forge One, a planned up-to-400,000-square-foot factory in Arizona expected to create about 500 jobs, enabled by a framework agreement and investment from Johnson Controls. The company has built an ecosystem and marketplace with partners including Microsoft, NVIDIA, Palantir and Dell Technologies to accelerate customer deployments and maintain control over sensitive data and models. Armada has raised capital totaling nearly half a billion dollars to date and is using that funding to scale production, meet accelerating global demand, and support new initiatives.

  • Starfish Space

    Participated · Series B · Apr 2026

    Starfish Space develops in-space infrastructure and satellite-servicing missions, including its Otter program and earlier efforts like Remora and Otter Pup 2. The company has announced commercial and government contracts, naming the Space Development Agency and the U.S. Space Force as customers. Starfish plans to fly its first full Otter mission later this year. The firm is scaling operations and hiring to support growing customer demand. Recent funding from its Series B will finance mission build-and-operate activities and team expansion. The articles did not provide information on revenue, user metrics, founding year, or location.

  • HawkEye 360

    Led · Series E · Dec 2025

    HawkEye 360 operates a constellation of satellites that detect, geolocate, and characterize radio-frequency (RF) emissions around the globe. Its proprietary signal processing and AI-driven analytics platform converts raw RF spectrum data into actionable intelligence for government and allied defense agencies. The company positions its offering as mission-critical for domain awareness and early-warning needs, enabling faster and better decision-making. HawkEye 360 is currently integrating Innovative Signal Analysis (ISA) to deepen its analytic capabilities and expand its product suite. Proceeds from recent fundraising are earmarked to strengthen the balance sheet and support this integration, as well as to continue investing in platform enhancements. Headquartered in Herndon, Virginia, the firm markets itself as a trusted partner proven by operational mission success.

  • Classiq Technologies

    Participated · Series C · May 2025

    Classiq Technologies is a pioneering quantum-software company whose platform allows engineers to design a quantum program once and deploy it on a variety of quantum-computing back-ends. At the core of the product is Qmod, a proprietary language that automates many of the circuit-optimization steps normally performed manually, accelerating development time. The system also supports Python, giving users access to a wide range of open-source libraries, and it includes visualization and debugging tools that reduce reliance on costly simulations and let developers test performance on specific quantum chips. This hardware-agnostic approach addresses the fragmentation of today’s quantum landscape, where architectures range from ion-trap qubits to superconducting transistors. With fresh capital, the company intends to scale its international sales organization and deepen partnerships across the quantum ecosystem. Since the latest extension, Classiq’s Series-C funding now exceeds $200 million, the largest round disclosed for a quantum-software startup. No operating metrics such as revenue or user counts were reported in the article.

Team

  • Dave DeWalt

    Founder & Managing Director

    LinkedIn
  • Ken Gonzalez

    Managing Director

    LinkedIn
  • Morgan Kyauk