Code42 Software was founded in 2001 by Brian Bispala, Matthew Dornquast, and Mitch Coopet. The company has not spoken publicly about plans to pursue an IPO, but CEO and President Joe Payne has a proven record of success, leading Eloqua through a successful IPO. The Minneapolis Star Tribune predicts that "an IPO could occur within a couple of years, as Code42 crosses $150 million in revenue and demonstrates profitable growth." These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Code42 offers data security solutions. The company specializes in protecting against insider risk, a concept that Code42 defines as any potential data exposure that might occur from the actions, often accidental, of a person within an organization. Code42 has raised over $130 million in venture capital funding from investors including JMI Equity, New Enterprise Associates, Accel Partners, and Split Rock Partners. The company's most recent round of funding took place in 2015, but Code42 continues to experience rapid growth, with revenue increasing by 125% in 2021. Code42 has a post-money valuation of up to $500 million.

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Learn more about Code42 Software

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What is Code42 Software's funding to date?

Code42 Software has raised $140.12MM to date.
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When was Code42 Software founded?

Code42 Software was founded in 2001.

Who are Code42 Software's major investors?

Accel
New Enterprise Associates
Split Rock Partners
JMI Equity
NewView Capital
TriplePoint Capital
Realization Capital Partners

Code42 Software funding rounds and last known valuation

Date Funding Round Funding Raised Price per Share Last Known Valuation
10/13/2015

Series B

$85.64MM raised $XXX.XX $XXX.XX
1/18/2012

Series A

$54.48MM raised $XXX.XX $XXX.XX
Based on primary financings
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Updated on: Oct 3, 2024

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