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IronNet

CybersecurityUSA
💀 Dead / Bankrupt
Peak $1.2 BillionToday
~-100%
from peak
  1. 🦄
    Became a unicorn
    2021
  2. 📈
    Peak valuation
    $1.2 Billion ’21
  3. 💔
    Became a Unitard
    2023
  4. 💸
    Last valuation
    ~$0
Current status
Chapter 11 (2023); re-emerged private

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; it ceased operations and filed for Chapter 11 bankruptcy in 2023, later re-emerging as a private company after restructuring.

Source: Crunchbase/TechCrunch