IronNet’s billion-dollar bubble bursts: Cybersecurity firm founded by ex-NSA chief collapses amid financial scandal

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WASHINGTON—The future was once dazzling for IronNet.

Founded by a former director of the National Security Agency and stacked with elite members of the US intelligence establishment, IronNet promised it was going to revolutionize the way governments and corporations combat cyberattacks.

A group of nuns sued C5 in 2022, court records show, alleging it failed to return their $2.5 million investment in a tech incubator that Pienaar had promoted as a way to boost socially conscious start-ups.

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Article Details

Author / Journalist: Alan Suderman / The Associated Press

Category: BusinessStartups

Markets: PhilippinesCubaKuwaitSouth AfricaSwitzerlandUkraineUnited States

Topics: Million Firm Ironnet’s Company Vekselberg Investment Records Ironnet Intelligence Pienaar Pienaar’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-05 @ 16:05:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 2495 words

Reading Time: 14 minutes read

Sentences: 97 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22898864

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 18 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 15 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #37

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