IronNet

How it happened

IronNet was a U.S. cybersecurity firm founded by former NSA director Keith Alexander that went public via SPAC in 2021 at roughly a $1.2B valuation. Disappointing revenue and mounting losses crushed its stock. Glassdoor reviews called the trouble early: salespeople and engineers alike described a product few customers actually used, sales targets missed every quarter after listing, and a company that had gone public too soon. Insiders counted three big layoff rounds in two years — some landing with almost no warning — before a months-long furlough of nearly the entire staff in late 2023. It ceased operations and filed for Chapter 11 that year, later re-emerging as a smaller private company.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.