Salesforce Backs Defense Tech Company Second Front At $750 Million Valuation

Defense tech startup Second Front, which gives companies a quick on-ramp to deploying software within sensitive government networks, has raised $75 million to expand internationally, the company toldSalesforce Ventures led the company’s series C funding round, bringing the company’s valuation to $750 million, according to people familiar with the deal. Existing investors Moore Capital and NEA also participated, alongside new addition Battery Ventures.

Second Front is one of a number of companies looking to provide this service, including the much larger incumbent Palantir, which has a competing product called Fedstart. “If we work in tandem, or if we're competing directly, the end result is we're going to create more pathways for more software to come into the ecosystem,” said Second Front’s CEO Tyler Sweatt. “Both of us are trying to optimize for a larger market of software vendors in defense and national security.

Last year, the company pivoted again to focus on its Game Warden product, and raised $40 million in a series B funding round, led by NEA. Now led by Sweatt, a U.S.

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AeroVironment CEO calls the defense company's drones ‘incredibly affordable'In a Wednesday interview with CNBC’s Jim Cramer, AeroVironment CEO Wahid Nawabi reviewed the defense contractor’s most recent quarter.
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Y Combinator Leaps Into Defense Tech With Missile Company InvestmentI'm a senior writer at Forbes covering AI, defense and national security. I'm also the co-author of WONDER BOY: Tony Hsieh, Zappos and the Myth of Happiness in Silicon Valley, published by Henry Holt & Company. Contact me on Twitter at davidjeans2 or email me at djeansforbes.com. You can also send tips on Signal +1 347 559 5443.
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