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.
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Bron: nbcchicago - 🏆 545. / 51 Lees verder »
Bron: ForbesTech - 🏆 318. / 59 Lees verder »