Collapse of national security elites' cyber firm leaves bitter wake
IronNet, a cybersecurity startup, had promised it would combat hackers using a unique blend of expertise and software
By ALAN SUDERMAN
Published - Oct 04, 2024, 12:03 AM ET
Last Updated - Oct 04, 2024, 12:03 AM EDT
WASHINGTON (AP) — The future was once dazzling for IronNet.
Founded by a former director of the National Security Agency and stacked with elite members of the U.S. intelligence establishment, IronNet promised it was going to revolutionize the way governments and corporations combat cyberattacks.
Its pitch — combining the prowess of ex-government hackers with cutting-edge software – was initially a hit. Shortly after going public in 2021, the company’s value shot past $3 billion.
Yet, as blazing as IronNet started, it burned out.
