IronNet Cybersecurity has obtained $32.5 million in a Trident Capital Cybersecurity-led funding round to further develop a platform designed to protect enterprises' network infrastructures from potential cyber threats.
IronNet's cyber defense tool works to detect anomalous network patterns through the use of petabyte-scale analytics and behavioral models, IronNet said Sunday.
Ted Schlein, general partner at Kleiner Perkins Caufield & Byers, will sit on IronNet's board of directors alongside Trident Capital founder and managing director Don Dixon after KPCB participated in the series A funding round.
“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,“ said Keith Alexander, IronNet CEO and former director of the National Security Agency.
Alexander said the company will use the funds to support its corporate operations and facilitate the introduction of its product line.
Alexander, also former head of U.S. Cyber Command, teamed up with former officers at the Defense Department, Defense Advanced Research Projects Agency and the National Counterterrorism Center to set up IronNet in 2014.