IronNet Layoffs
October 2023
IronNet announced a layoff affecting 0 employees (100% of its workforce) in October 2023. The company operates in the Security sector.
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Oct 2, 2023
About
IronNet, a cybersecurity startup founded by former NSA director Keith Alexander, has ceased operations and laid off its remaining staff as it files for Chapter 7 bankruptcy. The company, which had raised over $400 million and once served fewer than 100 corporate customers, had already cut 17% of its workforce in June 2023. Following its public listing in 2021, IronNet struggled to maintain traction, leading to its eventual shutdown in October 2023. The Virginia-based firm, which provided threat intelligence and infrastructure protection solutions, will liquidate assets to pay debts, with no returns expected for stockholders.
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