Taken private by Haveli Investments in May 2024 at ~$350M ($1.14/share), far below its 2022 SPAC valuation
The rise & fall
6 moments Β· 2013β2025
The key moments, with employee sentiment along the way.
2013
π±
2013
Founded in Baltimore
James Foster's startup watches social media and the dark web for threats to brands and executives; NEA, Highland Capital and Silver Lake Waterman back it.
Wikipedia
Aug 2022
π
Aug 2022
The peak: a $1.4B SPAC listing$1.4B
The external threat-intelligence firm goes public on the Nasdaq at about $1.4B β unicorn and peak in the same summer.
SecurityWeek
2022
π
2022
Out of the club by year-end
The debut valuation doesn't survive its first months of trading as the stock sinks toward a dollar.
SecurityWeek
May 2024
π€
May 2024
Taken private by Haveli for ~$350M$350M
$1.14 a share β about a quarter of the valuation it listed at less than two years earlier.
GlobeNewswire
2024β25
π¬
From the inside Β· Glassdoor reviews, 2024β25
Glassdoor reviews tracked the slide from inside: staff described morale and culture dipping after the private-equity takeover, abrupt layoff waves within weeks of the deal, trimmed perks, and roles migrating offshore as the new owners cut costs.
π¬ entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor β; dated facts carry their source.
How it happened
ZeroFox is a US cybersecurity company specializing in external threat intelligence and digital-risk protection β monitoring social media and the dark web for threats to brands and executives. It went public on the Nasdaq in August 2022 via a SPAC merger valued at about $1.4B; the stock quickly fell below $1, and in May 2024 private-equity firm Haveli Investments took it private at roughly $350M, about a quarter of its debut valuation.
Source: SecurityWeek / GlobeNewswire / Wikipedia (external-cybersecurity/threat-intelligence firm backed by NEA, Highland Capital and Silver Lake Waterman; went public via a ~$1.4B SPAC merger in Aug 2022; the stock slid below $1, and PE firm Haveli Investments took it private in May 2024 at ~$350M / $1.14 per share)
Founder
James C. Foster
Founder, Chairman & CEO
Now Chief Executive Officer at eSentire Β· LinkedIn β
Current roles as self-reported on LinkedIn, retrieved 2026-08-19. See our methodology.
